Microsoft, Activision-Blizzard and the future of gaming

The shift towards subscriptions and streaming complicates a giant merger. Spurred on by the pandemic, the games industry will be worth five times the global box office in 2022. But, as The Economist analyses, this rapidly growing value is attracting the attention of regulators, meaning one of the industry's most prominent mergers is being scrutinised before getting the final go-ahead.