I can't really imagine a worse fate for the games industry. Steam would shrivel up as only indie games and (probably) old games remain. So there goes much of PC gaming. Origin would probably cease to exist. Microsoft and Sony would leave the market to Nintendo, who, without the competition, would once again be left as "King of the Mountain" while completely killing any drive to innovate within the company, out of fear that further innovation could lead to backlash.
I do see the big budget games decreasing in number, because games like SWOTOR, Dead Space 3, and oh... some other game shouldn't NEED to break records in order to survive. SWOTOR was only feasible if they bear Blizzard in a genre they have come to define. Dead Space 3 needed millions of copies to be sold to even have a chance to continue the franchise. It's ridiculous.
I do see the big budget games decreasing in number, because games like SWOTOR, Dead Space 3, and oh... some other game shouldn't NEED to break records in order to survive. SWOTOR was only feasible if they bear Blizzard in a genre they have come to define. Dead Space 3 needed millions of copies to be sold to even have a chance to continue the franchise. It's ridiculous.