Brazilian games companies signed combined estimated business deals with a projected value of more than $14 million at GDC 2019.
Brazil Games, a partnership between the Brazilian Games Companies Association, Abragames and Apex-Brasil, sent a delegation of 47 companies to the San Francisco event this year.
The country’s games industry is expected to grow 16 per cent per year between 2017 and 2021, reaching a total valuation of $1.4 billion.
Brazil’s games industry houses 375 games studios, which produced more than 1,700 games in 2018. In all the market generated $1.3 billion in 2018, according to a report by McKinsey and company.
“We took the talent, ingenuity, and spirit of Brazil’s developers with us to San Francisco and the world responded in kind,” said Brazil Games executive manager Eliana Russi.
“We are very grateful to both our international partners and the local players that drive the growth we’re seeing in the Brazilian market. We are proud of our presence at GDC 2019 and are already looking forward to what we will have to show next year.”
Brazil is set to host a games festival of its own in June with the Brazil Independent Games (BIG) Festival between June 26th and 30th.