Did you miss a session from GamesBeat Summit Next 2022? All sessions are now available for viewing in our on-demand library. Click here to start watching.

Amazon’s $970 million cash purchase of game livestreaming startup Twitch has pushed deals in gaming industry to record levels this year.

Game mergers and acquisitions are now at $9.2 billion so far this year, according to game investment bank Digi-Capital.

“Twitch is a great deal for Amazon beyond a competitive win, as it accelerates both its video and games initiatives. The $970 million deal pushes games M&A toward doubling 2013’s full year record of $5.6 billion,” said Tim Merel, the managing director at Digi-Capital.

Game M&A includes $3.4 billion in mobile games, $3.2 billion in game technology (which is where Twitch is categorized), $1.7 billion in massively multiplayer online games, and $900 million for console games.

The market’s “consolidation crush” comes from mobile growth, mobile cannibalization, regional realignment, legacy pivots, and the market cycle, Merel said. Digi-Capital believes that mobile games will grow from $4 billion in 2011 to $33 billion in 2017.

Game deals are above $9.2B so far in 2014

Above: Game deals are above $9.2B so far in 2014

Image Credit: Digi-Capital

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.