The video game industry proved to be much more resilient to the pandemic,’ the institution says. The organization has shared its accounts for the past year.
Times are changing, and FIFA itself has been the first to notice one of these symptoms. The institution that governs all soccer federations globally has revealed its accounts for the past year 2020: in what is a historic moment for the organization, FIFA generated more revenue from video games than from soccer itself. The coronavirus pandemic, after all, left stadiums closed in various parts of the world; while seasons were also suspended for several months.
FIFA has published its financial statements for 2020, revealing that €133.2 million of its total revenue (€223.3 million) came from licensing rights. The organization itself has expressed the following: “A key source of revenue in the area of licensing rights was the licensing of brand licenses for video games”. They also add: “In contrast to the many economic sectors that were drastically affected by COVID-19, the video game industry proved to be much more resilient to the pandemic”.