Is the glory days of Kickstarter backed projects over? And what does this mean for the future of Nordic game developers?
Earlier this month, IcoPartners reported that the success of the popular crowdfunding site Kickstarter, may be in decline. The money earned on backed projects has seen a massive set back from over 55 million dollars in 2013 to an expected 27 million dollars in 2014. A decline that may be the result of backers growing vary from failed projects and fewer obvious projects based on well known IP´s.
The decline is also evident in the Nordic, where the net funding received for game-projects through Kickstarter has decreased from 2.537.073$ to 360.833$ between 2013 and 2014. A decline at over 2 million dollars. While it may appear foreboding, it could just as well mean that the climate is starting to stabilize. The majority of the funding in 2013 went towards one well known brand, namely DreamFall Chapters: The Longest Journey which received over 1.5 million dollars, while the rest mainly headed towards newly established IP´s. The decline might therefore be happening because the obvious heavy hitters have come and gone, leaving less known titles on the scene.
Despite a huge decline in overall funding, a larger amount of games projects seems to have succeeded in 2014 than in 2013. 2013 saw 8 successful Nordic game campaigns campaigns but also 9 failed attempts, while 2014 saw 9 successes and only 4 failed attempts. Despite having less money in circulation, it appears that Nordic companies are seeing more success on Kickstarter now than ever. A trend that may be a result of developers learning the ropes and reflecting on past mistakes. Whatever the reason, the numbers show that companies are asking for modest amounts of money, and thus brings along a higher chance of success.
While the glory days of Kickstarter may be over, the platform still shows a lot of promise. Companies may not receive millions in funding unless they have a well known IP, but looking at the increase in the amount of successful game projects shows that Nordic game developers still have a promising future on Kickstarter.