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Ail said:

 

 It shoudn't impact most of the major games we buy.

I could be wrong but I don't think the major publishers ( Activision, EA, THQ, Take Two, Ubisoft ) actually resort to credit much to finance their project .

Activision has no debt, neither does Take Two. If credit was used to finance projects at those company you would expect them to have some debts..

Further, games development will not be significantly impacted by short term market movement, even if they are extreme movement.  If the market is in bad shape for over a year game devs may take fewer risks on new development, but for the industry to make even a 50% change, it would take more than a year of bad market. 

Even in that case, you'd expect more of the shovelware to die down than the quality and good selling games.  Things that sell well will continue to be produced.

You also need to realize that games are very inexpensive.  An average gamer probably spends $1000 or less on gaming a year -- very low compared to an average middle-class entertainment budget.  That's only a couple of tickets to football games, for example, one semi-decent dinner a month for a couple. 

Video games aren't cars -- they're cheap.