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Doooooomed

You like social gaming don’t you? After all, we all like to spend inordinate amounts of time on Facebook, chatting away and playing Farmville, or Mafia Wars. Well you’d best enjoy it while it lasts, as it’s all going to come crashing down – HARD.

That’s the opinion of Denis Dyack, president of game developer Silicon Knights, who is convinced that there isn’t a strong enough economy to support the phenomenon, with much more money going out than coming in. The football industry was built on that, mind you, so anything can happen. He cited Zynga, who made Farmville and who were recently said to be worth more than EA on the stock martket.

‘The trend that I see is it's probably going to be one of the biggest bubbles and explosions that our industry's seen in a long time and I think when it crashes it's going to crash very hard,’ he said. ‘I don't think there's an economy there.

‘I don't know about Zynga - I think that's a big micro, but I think that the amount of venture that's being poured in, in general, that's most of the video game industry investment. As far as I know right now, it's going into pure social gaming. It looks like marketing to me. It doesn't look like real gaming. And maybe it'll change, I don't know. It looks very, very dangerous.

‘I think Zynga's valuated more than some traditional publishers right now that have been in the industry for decades. I'm sorry, but I just don't see it. It seems imaginary to me... it doesn't look long term healthy to me.’

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