Shows
Virtual EconomySwitch 2’s Best Feature is Potential (News Show)With our Switch 2 in-hand, we’re ready to give you our early feelings about the console in this challenging market. Also: SO many earnings. Like… SO many. Nintendo, Sony, EA, Take-Two, Remedy, Embracer Group, Paradox, Square Enix, Capcom, and Sega. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:05:02] - Switch 2 Impressions [00:41:28] - Nintendo FY25 Earnings [00:47:16] - Sony FY24-25 Earnings [00:51:17] - EA Q4 and FY25 Earnings [00:56:43] - Take-Two Q4 and FY25 Earnings [01:04:24] - Remedy Q1 FY25 Earnings [01:07:57] - Embracer Group Q4 and FY25 Earn...2025-06-141h 46
Virtual EconomyPAX East Takes A MAGFest Turn (News Show)PAX East isn’t the show it was 10 years ago. With most AAA developers staying away, indies take center stage. Also: Circana report for April 2025, GameStop sells off its Canadian holdings, Curve Games has a new owner, the SAG-AFTRA voice performer strike enters the endgame, and much more. We’ve also got a pair of great listener questions! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:03:10] - Circana Report on U.S. Video Game Spending for April 2025 [00:17:36] - PAX East Recap [00:52:48] - Investment Interlude [01:09:12] - Quick H...2025-05-301h 49
Virtual EconomyWho Can Even Afford to Be a Gamer Anymore? (News Show)Microsoft is jacking prices on hardware, software, and peripherals. With costs going up while interest in Microsoft’s offerings declining, we have to wonder if Microsoft is applying pressure to push Game Pass. Also: Circana report on U.S. Video Game Spending for March 2025, Apple scores an own-goal and pisses off the Court, the tabletop industry is in freefall, and EA lays off another 300 to 400 people. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:1:31] - GTA 6 Delay [00:12:06] - Circana for March 2025 [00:17:43] - Devolver Digital Investo...2025-05-021h 32
Virtual EconomyNintendo’s Switch 2 Pricing Conundrum (News Show)The original Nintendo Switch launched at $300 USD. The Switch 2 price was absent from the huge Nintendo Direct, only to be quietly revealed at $450. As for game prices, Mario Kart World is a whopping $80. Costs are on the rise, and the latest tariffs have spiked the price of accessories. So… where do we go from here? Also… Ubisoft slices off its most profitable franchises, lots of layoffs, and a huge game publisher strike. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:53] - Nintendo Switch 2 and The Retur...2025-04-211h 38
Virtual EconomyWB’s David Zaslav is the Real Nemesis System (News Show)Warner Bros. continues to chip away at its infrastructure and consumer confidence with the closure of three more studios. Also: Circana reports for Jan and Feb, a recap of GDC and developers’ feelings about the industry, a curious period for investments, a new union looks to cover the entire industry, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:03:00] - Circana Report on U.S. Video Game Spending for January 2025 [00:11:59] - Circana Report on U.S. Video Game Spending for February 2025 [00:21:39] - GDC 2025 Recap...2025-03-251h 41
Virtual EconomyWe’re Getting Tired of Clowns in the C-Suite (News Show)Despite mounting evidence that Games as a Service are struggling, executives continue to go back to that empty well. Also: A ton of earnings reports (Nintendo, EA, Paradox, Square Enix, Sega, Ubisoft, Remedy, Embracer Group, and Sony), the labor picture worsens, and Niantic may be exiting the gaming space. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:58] - Nintendo Q3 FY25 Earnings [00:16:07] - EA Q3 FY25 Earnings [00:30:18] - Paradox FY24 Earnings [00:34:40] - Take Two Q3 FY25 Earnings [00:36:46] - Square Enix Q3 FY25 Earnings [00:40:17] - Sega...2025-02-251h 18
Virtual EconomyWhen A Publisher Won’t Use the Word ‘Layoff’ (News Show)There are few things worse than yet another company laying people off… and EA has committed the sin of obfuscating job losses. Also: Earnings season is underway, the Circana report for December 2024 and the full year, a recap of the GDC State of the Industry report, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:49] - EA Takes a Tumble [00:12:58] - Microsoft Q2 FY25 Earnings [00:19:38] - Capcom Q3 FY25 Earnings [00:25:39] - Circana Report on U.S. Video Game Spending for December 2024 and Full Year 20...2025-02-041h 55
Virtual EconomyUnalive Service (Season Premiere - News Show)The year has begun, and the industry is already off to an intense start. On this episode, we discuss the business decisions behind the Switch 2’s departure from “Weird Nintendo,” Ubisoft’s precarious position, the U.S. ruffling Tencent’s feathers, and the Consumer Financial Protection Bureau’s move to regulate premium game currency. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:03:27] - The Switch 2 has finally been announced [00:19:11] - The United States labels Tencent a military asset [00:22:16] - The U.S. Consumer Financial Protection Bureau...2025-01-201h 09
Virtual EconomyEpisode 185: Survive Through ‘2534,000. That’s how many jobs have been lost in our industry since the start of 2022. We recap the year, discuss PAX Unplugged and The Game Awards, and look ahead at what to expect in 2025. We did a deep dive on tabletop card game trends and the looming tariffs for all of our fellow tabletop gaming nerds, too! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:05:17] - Reflecting on PAX Unplugged 2024 [00:27:44] - Our Time at the TGAs [00:32:54] - Circana Report on U.S. Video Game Spendin...2024-12-271h 05
Virtual EconomyCall of Duty Saves the Month… On PlayStation (News Show)We now know that Microsoft wasn’t kidding when they said they had no intention of pulling Call of Duty from PlayStation. Whether the Game Pass Gambit pays off or not, Black Ops 6 is selling great on Sony’s console. Also: the rest of the Circana report on U.S. Video Game Spending for October, a pair of Mass Effect alums run into funding trouble, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:] - Ubisoft Shutters Three Studios and Ends XDefiant Development [00:] - Circana...2024-12-0551 min
Virtual EconomyThe Cold Embrace(r) (News Show)Another bad quarter for Embracer could have ripple effects throughout the industry. Also: Sony, Nintendo, Sega, and Square Enix earnings, legal trouble for NetEase executives, a strike at Activision Blizzard, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:12] - Sony Q2 FY25 Earnings [00:08:11] - Nintendo H1 FY25 Earnings [00:23:09] - Sega H1 FY25 Earnings [00:27:17] - Square Enix H1 FY25 Earnings [00:31:18] - Embracer Group Q2 FY25 Earnings [00:34:27] - Investment Interlude [00:35:50] - Quick Hits [00:41:10] - Labor Report [00:46:22] - FAFO SOURCES Consolidated Financial Summary for t...2024-11-2052 min
Virtual EconomyWe Carry On… Together (News Show)It’s earnings season, so we’re digging into the numbers to help us understand if “Survive until ‘25” is still realistic or if things are going to remain difficult through next year. Also: Circana report on U.S. video game spending for September 2024, a few bright investment items, and a labor report that still shows bumpy roads ahead. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune sys...2024-11-081h 33
Virtual EconomyRoblox Remains Icky as Heck (News Show)A scathing report from Hindenburg Research surfaces shocking realities about Roblox’s investor relations and massive failures to protect youth on the platform. Also: Circana Report U.S. video game spending for August 2024, Google is now required to make external app stores more viable, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your one time purchase of Magic Mi...2024-10-231h 33
Virtual EconomyUbisoft in Freefall (News Show)Ubisoft has been under fire since a failed hostile takeover attempt in 2018. Since then, a toxic culture of misogyny and harassment was revealed in 2020 leading to an exodus of talent and a string of underperforming releases. Now, a critical game delay, a board review of operations, and a looming strike in France have tanked the share price as the company is fending off an activist investor bent on forcing the company to eject the Guillemot family and take private equity to save the ailing publisher. Also: Another very bad time for labor, another story reveals a power...2024-10-081h 25
Virtual EconomyThe $700 PS5 Pro Is An Act of Desperation (News Show)The PlayStation 5 Pro defies all logic, reaching deeper into diehards’ pockets in the worst economy we’ve seen in 15 years. We break down the challenging economics (while also admiring Mark Cerny’s ASMR-style presentation). Also: GameStop earnings tumble, more Microsoft layoffs, Unity reverses a terrible decision, and can AI companies just stop stealing our stuff? You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get...2024-09-161h 35
Virtual EconomyEA Sports College Football Saves the Month (News Show)We had a hunch that EA Sports College Football was going to be big, and it seems to have single-handedly swung the U.S. video game spending report in a positive direction. Also: Lots of earnings, PS5 price hikes, some acquisitions, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:46] - Circana Report on U.S. Video Game Spending for July 2024 [00:09:36] - Square Enix Q1 FY25 Earnings [00:16:53] - Nintendo Q1 FY25 Earnings [00:26:38] - Sony Q1 FY25 Earnings [00:36:43] - Remedy Q2 FY24 Earnings [00:44:59] - Sega...2024-08-301h 35
Virtual EconomyThe Last Good Reason for GameStop to Exist is Gone (News Show)Amidst new allegations of insider training, GameStop CEO Ryan Cohen has shuttered Game Informer magazine after 33 years. Also: Earnings time is here, more Bungie layoffs, Netherrealm layoffs, Circana report for June 2024, voice actors on strike, IGN parent Ziff Davis does Humble Games publishing and its partners dirty, and more. This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your one time purchase of Magic Mind or up to 48% off your first subscription at https://www.magicmind.com/VECONOMY20 us...2024-08-071h 40
Virtual EconomyMicrosoft Holds a Knife to the Golden Game Pass Goose’s Neck (News Show)Microsoft is making sweeping changes to Game Pass, seemingly to avoid bleeding out on Call of Duty sales. Also: Circana report for May 2024, SAG-AFTRA updates, more Embracer and Paradox cuts, out of control EA executive pay in the face of layoffs, and more. This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your one time purchase of Magic Mind or up to 48% off your first subscription at https://www.magicmind.com/VECONOMY20 using the code VECONOMY20. You...2024-07-161h 17
Virtual EconomyBonus Episode 10: A Conversation About Unionization with IATSEWith the video game industry in the midst of the worst labor crisis we've ever seen, collective action is crucial. We're joined by Chrissy Fellmeth, Kelly Larkin, and Andrew Buczacki to discuss how the International Alliance of Theatrical Stage Employees is supporting labor organization and unionization in the video game industry. Additionally, you can find a transcript of this interview here. For more on IATSE, you can visit their website, YouTube, and Twitch channels. Additionally, you can find more resources at GameWorkers.org and the GameWorkers.org LinkUp.2024-07-081h 03
Virtual EconomySummer Game Fest Gets Closer to E3 Vibes (News Show)E3 might be dead, but its spirit is clinging to life (even if just by sheer will of the industry and the JW Marriott lobby). We discuss the trends and big learnings from the showcases and a quick visit to SGF Play Days. Also: GameStop earnings, Circana report for April 2024, the latest labor report, and more. This episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your one time purchase of Magic Mind or up to 48% off your first...2024-06-191h 54
Virtual EconomyThe World’s Oldest Console War is Over (News Show)Atari has finally driven its mortal enemy, Intellivision, and heard the lamentations of its pixels. Also: So. Many. Earnings. We’re covering Sony, Square Enix, Ubisoft, Take-Two, and Embracer. Also, a number of new studios were founded as the labor winter trudges on. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:32] - Sony Q4 and full year FY23 Earnings [00:17:46] - Square Enix Q4 and full year FY24 Earnings [00:25:29] - Ubisoft Q4 and full year FY24 Earnings [00:31:04] - Take-Two Q4 and full year FY24 Earnings [00:42:40] - Embra...2024-05-281h 15
Virtual EconomySony Didn’t Manage Democracy, Xbox Self-Immolates (News Show)Sony dug a giant hole and dumped all the Helldivers 2 goodwill into the pit (while cutting off 177 countries). Microsoft lit itself on fire and burned player sentiment to the ground. Good times. Also: Take-Two layoffs target a BAFTA winner, Unity has a new CEO with a massive compensation package, the Circana report for March, and earnings, earnings, earnings. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:03:56] - Unity’s New CEO [00:13:42] - Circana Report on U.S. Video Game Spending for March 2024 [00:25:08] - Investment Interlud...2024-05-101h 54
Virtual EconomyEmbracer Group Crumbles… And Friends (News Show)The Embracer Group name is going away, splitting its mega-conglomerate into three in an attempt to move on from its destructive legacy. But with Lars Wingefors sticking around to lead the holding company, our expectations are tempered. Also: Meta loses billions more as it tries to become the Windows of MR and earnings season is here! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:54] - Embracer Group Splits Into Three Pieces [00:32:32] - Meta MR Losses Mount [00:42:03] - Paradox Q1 FY24 Earnings [00:44:16] - Microsoft Q3 FY24...2024-04-281h 10
Virtual EconomyWhy Layoffs? Because Everyone Else is Doing It! (News Show)Two months after Take-Two said it wasn’t planning layoffs it has… well… by now you know. Also, we’re trying something new and fun with this episode. Join us for a lively discussion about keeping the industry healthy and a deep dive into what the heck differentiates III from AA! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:45] - Discussion Time! (How to build a healthier industry and just what does “indie” mean these days?” [00:23:49] - Investment Interlude [00:34:19] - Quick Hits [00:41:01] - Labor Report SOURCES2024-04-1859 min
Virtual EconomyEmbracer Group Fire Sale Burns Labor (News Show)We’ve come full circle. Embracer Group just took a massive loss to get some much-needed cash in hopes of filling a seemingly bottomless hole of debt. Saber is gone. Zen is gone. 4A is gone. Gearbox is gone. Also, SAG-AFTRA may strike against video game companies, some new studios are popping up, but many others are still laying off and closing. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:30] - GDC and PAX East Recap [00:11:27] - Gaming Safety Coalition [00:14:53] - Circana Report on U.S. Vi...2024-03-291h 42
Virtual EconomyThe AAA Video Game Industry is in Freefall (News Show)Triple-A game development as we know it is unsustainable. It doesn't matter if a game succeeds or fails, the corporate machine is grinding developers up and spitting them out by the thousands. Things need to change. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:29] - Circana Report on U.S. Video Game Spending for January 2024 [00:07:04] - Investment Interlude [00:18:43] - Quick Hits [00:21:25] - Labor Report [00:43:33] - FAFO! SOURCES An Important Update from PlayStation Studios | SIE Blog Difficult News About Our Workforce | SIE Blog Conti...2024-03-0349 min
Virtual EconomySwitch 2 Switcharoo Could Thwart 2024 Recovery Hopes (News Show)The console market is going through major changes as hardware prices stay high and first party needs to pivot audience strategy. Nintendo may be struggling to find a break-even for its Switch successor, prompting a later release than we anticipated. Also: Embracer Group woes continue, Hasbro loses a ton. This is episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your order of Magic Mind at https://www.magicmind.com using the code VirtualEconomy20. You can support Vir...2024-02-231h 52
Virtual EconomyDid Microsoft Trigger the FTC’s Trap Card? (News Show)Microsoft’s layoffs have sent the FTC into a tizzy, adding fuel to the ongoing fire. Also: It’s earnings season, with EA, Microsoft, Capcom, Nintendo, Square Enix, Paradox, Take-Two, Sega, and Meta reporting. We also cover the latest in the layoff storm that continues to drown the industry and Disney’s $1.5B investment in Epic. This is episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your order of Magic Mind at https://www.magicmind.com using the code Vir...2024-02-141h 41
Virtual EconomyWe Were Wrong About Microsoft and Activision (News Show)In the wake of 2020’s bombshell revelations about Activision’s miserable culture and history of defending sexual abusers, we hoped that Microsoft would be a better steward for the company’s 13,000 employees. With 1,900 laid off post-acquisition, we are disappointed and saddened at how wrong we were. This is episode is sponsored by Magic Mind, a supplement shot that includes ingredients to lower your stress, reduce fatigue, and boost your immune system. You can get 20% off your order of Magic Mind at https://www.magicmind.com/JANvirtualeconomy using the code VirtualEconomy20. You can support Virtual Economy’s growth vi...2024-01-311h 01
Virtual EconomySo… 2024, Huh? (News Show)It’s been less than one month, and the industry has already suffered more than 3,500 lost jobs. Also: The Circana report for December 2023 and the full year, a few investments, and a discussion about some challenging changes to the U.S. tax code. Oh, and a bit about that weird Palworld game. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:11:08] - Circana report on U.S. Video Game Spending for December and Full Year 2023 [00:27:19] - Investment Interlude [00:34:06] - Quick Hits [01:00:58] - Labor Report SOURCES...2024-01-241h 35
Virtual EconomyThe Game Awards Needs to Change (Season Finale)It’s been a hard year, folks. As we say goodbye to 2023 and turn our attention to a (hopefully) brighter 2024, we’re recapping recent gaming events, November’s Circana report, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:17] - Circana Report on U.S. Video Game Spending for November 2023 [00:09:11] - GameStop Earnings for Q3 2023 [00:13:28] - What’s Going on in China? [00:19:37] - Twitch: Closing Up Shop in S. Korea, Sexual Content Policy [00:25:10] - Investment Interlude [00:25:59] - Quick Hits [00:27:26] - Labor Report [00:35:45] - Our Feelings...2023-12-271h 24
Virtual EconomyEmbracer Group Claims Layoffs are How “We Will Win” (News Show)Embracer Group gorged itself during the pandemic when debt was cheap. Now, it’s scrambling to lay off hundreds of people to “win.” Also, Circana report for October, Epic wins against Google, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:04:03] - Embracer Group Q2 Earnings [00:20:32] - Starbreeze Q3 Earnings [00:24:59] - Epic wins in court against Google [00:27:27] - Circana U.S. Video Game Spending Report for October 2023 [00:33:18] - Investment Interlude [00:45:08] - Quick Hits [01:11:01] - Labor Report SOURCES EMBRACER GROUP PUBLISHES INTERIM REPORT Q2...2023-12-151h 38
Virtual EconomyThe Stark Contrast Between Positive Earnings and Gruesome Layoffs (News Show)We’re in the thick of earnings season, and it’s hard to swallow positive financial news amid an avalanche of heartbreak labor stories. On this week’s show: Sony EA, Nintendo, Take-Two, Remedy, Sega, and Square Enix earnings. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:35] - Sony Earnings for Q2 FY2023 [00:08:50] - EA Earnings for Q2 FY2024 [00:17:00] - Nintendo Earnings for Q2 FY2024 [00:27:08] - Take-Two Earnings for Q2 FY2024 [00:29:00] - Remedy Earnings for Q3 FY2023 [00:31:02] - Sega Earnings for Q2 FY2024 [00:34:32] - Square Enix...2023-11-151h 30
Virtual EconomyPhil Spencer is Bobby Kotick’s Daddy Now (News Show)With Microsoft’s Activision acquisition closed, the Xbox leadership team has reorganized in some unexpected ways. Also: Microsoft and Capcom earnings, more layoffs, Paradox says goodbye to Harebrained Schemes, Unity boots John Riccitiello, and we have the latest Circana report on U.S. Game spending. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:49] - Circana report on U.S. Video Game Spending for September 2023 [00:17:47] - Unity gives John Riccitiello the boot [00:24:16] - Microsoft Q1 FY24 Earnings [00:36:51] - Capcom Q2 FY24 Earnings [00:42:31] - Investment Interlude [00:52:41] - Quick...2023-10-301h 35
Virtual EconomyA Bad Year for Game Creators is a Bad Year for Games (News Show)The industry’s labor situation is reaching a boiling point, as Epic Games sacrifices employees on the altar of its fight against Apple and Google. Also: Unity has burnt its goodwill to the ground, voice actors prepare to strike, a leadership shake-up at PlayStation, and Microsoft’s purchase of Activision Blizzard now seems like a sure thing. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:31] - The State of the Industry [00:09:05] - Unity Update - An Attempt to Save Face [00:28:57] - Bye bye, Jim Ryan [00...2023-10-081h 34
Virtual EconomyThe State of Indie Publishing with Z from Serenity ForgeAt PAX West, we spoke with Serenity Forge founder and CEO Z about the risks, challenges, and opportunities in the indie publishing world. With brutal macroeconomic headwinds and massive consolidation, the pressure is on for small publishers. Find out how Serenity Forge is weathering the storm.2023-10-0131 min
Virtual EconomyUnity Says, “Nice Game You’ve Got There… It’d be a Shame if Something Happened to It” (News Show)Unity couldn’t have made a bigger mess of its reputation in the game development community. Also: Microsoft’s big leak, GameStop earnings, Circana report for August, SAG-AFTRA fires a shot at video game publishers, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:45] - PAX West [00:25:15] - GameStop Earnings [00:27:50] - Unity’s Foolish Moves [00:51:32] - Investment Interlude [01:18:59] - Quick Hits [01:25:50] - Labor Report [01:40:44] - Circana Report on U.S. Consumer Video Game Spending for August 2023 [01:44:43] - Listener Questions [01:49:11] - FAFO SOURCES GameSt...2023-09-201h 55
Virtual EconomyMicrosoft, Activision, and Ubisoft are a Thrupple Now (News Show)The Microsoft/Activision deal is still alive. And now, Ubisoft has been folded into the conversation with control of cloud streaming rights. Also: Earnings (Square Enix, Sony, Take-Two, Embracer Group), The July 2023 Circana Report on U.S. Video Game Spending, Xbox’s new moderation system, and a listener question about the Xtra Small Small. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:36] - Square Enix Q1 FY24 Earnings [00:07:16] - Take-Two Q1 FY24 Earnings [00:14:51] - Sony Q1 FY24 Earnin...2023-08-261h 04
Virtual EconomyThe ESRB Is Getting Weird (News Show)The Entertainment Software Ratings Board wants to use facial scanning to keep your kids from playing GTA and other adult-focused games. Also, it’s earnings season, with Microsoft, Capcom, Sega, and EA kicking us off. We also cover two more instances of the dreaded “payoffs for layoffs,” and a heap of listener questions! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:1:55] - Circana Report on U.S. Video Game Spending for June 2023 [00:13:20] - Microsoft Q4 FY23 Earnings [00:19:43] - Capcom Q1 FY24 Earnings [00:23:40] - Sega Q1 FY24 Ear...2023-08-061h 29
Virtual EconomyXbox Live is Dead, Long Live Xbox Game Pass (News Show)The FTC is down for the count after losing in court and seeing an emergency injunction denied. We discuss where things go from here as the UK CMA stands alone. Also, a bunch of new studios were announced, Bungie wins a big victory against a toxic troll, and Xbox works to make it harder for harassers online. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:52] - Pathfinder Open Gaming License [00:09:39] - New Xbox Voice Reporting Feature [00:13:14] - Xbox Live is Dead, Here Comes Game Pass...2023-07-221h 35
Virtual EconomyFTC Cage Match (News Show)This week saw the long-awaited showdown between the FTC and Microsoft, as the U.S. Government seeks an injunction to prevent the Activision acquisition. Also; new studios opening amidst an otherwise grim labor report, the latest Circana U.S. spending report, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:17] - Circana U.S. Video Game Spending Report for May 2023 [00:19:41] - Twitch Partner Plus [00:27:05] - Investment Interlude (With a Big Conversation about the Microsoft/Activision FTC Hearing) [00:57:42] - Quick Hits [01:03:12] - Labor Report SOU...2023-07-041h 29
Virtual EconomyWhat Happens When a $2B Deal Evaporates Overnight? (News Show)On the eve of its earnings announcement, Embracer Group saw a nearly-signed $2B deal fall apart. We discuss the potential impact. Also: GameStop back in crisis, a huge number of layoffs, and the strange tale of Disco Elysium continues. Note: We discuss Cyberpunk 2077 and the Phantom Liberty DLC during this episode. While we were confused that Phantom Liberty was a no-show during Geoff Keighley's Summer Game Fest presentation, the game did make an appearance during the Xbox event. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMP...2023-06-111h 34
Virtual EconomyThe UK CMA Throws a Temper Tantrum Over the Activision Acquisition (News Show)One day we’ll be free of the Microsoft/Activision deal, but that day is NOT today. Also: Nintendo, EA, Starbreeze, Square Enix, Capcom, and Take-Two Earnings, acquisitions, the Circana US Video Game Spending report for April 2023, more layoffs, and a Double FAFO. Support Miranda Due, former Unity employee, who is looking for work. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:48] - Nintendo Earnings FY23 [00:08:06] - EA Earnings Q4 and FY23 [00:16:47] - Starbreeze Q1 FY23 Earnings [00:21:39] - Square Enix FY23 Earnings [00:25:09] - Capcom FY23 Ea...2023-05-231h 17
Virtual EconomySega’s Angry Birds Acquisition and Life After Microsoft/Activision (News Show)After years of stumbling in the mobile space, Sega decided to throw $775M at the problem with the acquisition of Rovio. Also: Lots of layoffs, some acquisitions, a bunch of earnings, and the March Circana report on U.S. video game spending. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:06] - Epic v Apple… The End [00:04:03] - Microsoft Earnings for Q3 FY23 [00:14:21] - Sony Earnings for FY23 [00:18:13] - Remedy Earnings for Q1 FY23 [00:21:02] - Paradox Earnings for Q1 FY23 [00:23:14] - Sega Earnings for FY23 [00:26:32] - Inves...2023-05-051h 20
Virtual EconomyThe UK CMA Murdered the Microsoft/Activision DealIt's a very special, very weird episode from sunny Dubrovnik, Croatia! We're thrilled to have the one, the only ANDY PAN join us for a discussion about the UK Competition and Markets Authority's decision to deny Microsoft's acquisition of Activision Blizzard on the basis of the cloud gaming business. You can read the full decision here: Microsoft / Activision deal prevented to protect innovation and choice in cloud gaming. For the full context, listen to our recent legal issues episode from GDC. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Ec...2023-04-2642 min
Virtual EconomyGDC 2023: I Fought the Law 2 - Legal Rumble in the BayAt GDC 2023, we got the gang back together for another down-and-dirty legal issues conversation. We're grateful to Brandon Huffman, founder of Odin Law & Media, and Ryan Black, partner at DLA Piper, for joining us again this year. On the docket for this year: The Rise and Fall of Web3 at GDC (Good riddance!) The state of mergers and acquisitions in the industry and beyond The growing need for unionization and the current labor initiatives across the industry The future of non-compete clauses in the United States The emerging challenges with AI technologies Looking toward the future o...2023-04-231h 12
Virtual EconomyE3 Can’t Claw Itself Out of the Grave (News Show)The new ReedPop-run E3 died before it could live… or was it… MURDERED?! (Spoiler: It was murdered.) Also: GameStop leans on cost cutting to finally turn a modest profit, Microsoft is one step closer to closing its Activision deal, established studios expand, while layoffs also run rampant. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:54] - E3 is DED! (Again!) [00:17:46] - Circana US Video Game Spending Report for February [00:25:14] - GameStop FY 2023 Earnings [00:29:43] - Investment Interlude [00:41:51] - Quick Hits [00:53:02] - Labor Report SOURCES Game...2023-04-051h 14
Virtual EconomySquare Enix Says No Flippin’ Thanks to its Web3 CEO (News Show)Square Enix is having a time of it, as its Web3-loving CEO is leaving and Luminous Productions is no more. Also: Ubisoft and Activision messing up labor issues again, and the US is investigating extremism in online games. Also, Manda is going to talk to you about The Lord of the Rings, and Mike will do his best Gollum impression. Maybe. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:04] - Square Enix Needs to Sort Itself Out [00:05:41] - The US Government Wants to Know...2023-03-1751 min
Virtual EconomyThe Great Games as a Service Massacre (News Show)It’s been a bloody couple of weeks for service-based games, and we suspect the murderer is still on the loose. Also: IT’S EARNINGS SEASON, BAYBEEE! We’ve got a meaty plate of all your favorite cold cuts: EA, Capcom, Sony, Nintendo, Square Enix, Take-Two, Capcom, Sega, Embracer Group, Starbreeze, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:28] - Sony Q3 FY22 Earnings [00:06:22] - Nintendo Q3 FY23 Earnings [00:15:12] - Square Enix Q3 FY23 Earnings [00:17:14] - EA Q3 FY23 Earnings [00:26:18] - Take-Two Q3 FY23 Ear...2023-02-201h 16
Virtual EconomyDungeons & Dragons, New Coke, and Other Terrible Mistakes (News Show)Wizards of the Coast squandered goodwill to find itself right back where it started. Also: Earnings season has begun, the GDC State of the Industry report shows developers put the smackdown on Web3, NPD for December shows a bit of lift, and (as we grimly expected) we’re in the layoff bad times. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:17] - Learnings for the GDC State of the Industry Report [00:26:42] - Wizards of the Coast Fizzles OGL Update [00:30:05] - Microsoft Q2 FY23 Earnings [00:41:33] - Inves...2023-01-301h 04
Virtual EconomyUbisoft in Crisis (Season 4 Premiere)We’re back for Season 4! Good thing we’re not on HBO Max, amirite? The ghosts of Ubisoft’s failure to care for its employees are now haunting its financial performance. Also: Let’s talk about D&D and Hasbro’s huge, shortsighted missteps with the OGL, Epic has been slapped with a fine over Fortnite, Zenimax QA workers unionize, while Activision Blizzard moves to make things hard for workers at recently acquired Proletariat. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:34] - Dungeons & Dragons Rolls a...2023-01-181h 30
Virtual EconomyGameStop’s Still Hemorrhaging Money (News Show) It’s our season finale! GameStop has more than a little red on it, with losses continuing to mount on a crypto deal gone bust. Also: Microsoft makes nice with Nintendo (again) to pressure Sony, layoff continue to plague the industry, Zenimax QA workers on the path to unionization, and a fresh FAFO. Oh… and we have a tiny, little announcement. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! The views and opinions expressed on this podcast are ours and do not necessarily reflect the views or positions...2022-12-161h 22
Virtual EconomyBonus Episode 7: What to do When Your Brand Isn’t Working for You AnymoreBrad Wildes, CEO of video game accessories maker PDP, joins us to discuss the company’s recent rebrand and the complicated process of reshaping your brand identity. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!2022-12-0639 min
Virtual EconomyHow Equity Funding Works (With Kelly Wallick)Indie Megabooth founder and 1UP Ventures partner Kelly Wallick joins us to discuss how studios can access equity funding and what they should know before pitching. In this conversation, we discuss the different types of funding, what different rounds of funding typically mean, and how venture capital works. If you’ve ever been curious about how studios (rather than games) get funded, this is the episode for you! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!2022-11-2852 min
Virtual EconomyNetEase Thinks Activision is a Big Jerk (News Show)A NetEase exec has pulled no punches after the Chinese giant’s Blizzard relationship hits the skids. Also: NPD spending report for October 2022, Embracer group earnings and reorganization, more on Microsoft’s plans to acquire Activision, new studio announcements, and more! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:26] - NPD US Video Game Spending Report for October 2022 [00:09:11] - Embracer Group Q2 FY 2023 Earnings [00:21:09] - Investment Interlude (Now in Activision Jerk Flavor!) [00:39:31] - Quick Hits [00:54:58] - Labor Report SOURCES NPD Report on US Video...2022-11-231h 04
Virtual EconomyWeird Corporate Shenanigans (News Show)We’re SO close to the end of earnings season. This week: Square Enix, Nintendo, Take-Two, Unity (and a discussion about that brutal Bloomberg expose about CEO John Riccitiello). Also: Strange happenings at Studio ZA/UM, Remedy details Control 2 publishing deal, the EU gets prickly about Microsoft’s proposed Activision acquisition, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:03] - Square Enix Earnings [00:11:00] - Nintendo Earnings [00:18:41] - Take-Two Earnings [00:26:22] - Unity Earnings and Discussion about Bloomberg Riccitiello Expose [00:38:20] - Investment Interlude [00:44:03] - Quick Hit...2022-11-131h 32
Virtual EconomyMicrosoft and Sony Stumble on Subscriptions (News Show)With Microsoft and Sony falling short on subscriptions, is our future still an all-you-can-eat buffet? Also: Earnings for Microsoft, Sony, Capcom, Paradox, Remedy, and Sega; Embracer shutters recently acquired and rebranded Studio Onoma, and Marvel Snaps up huge mobile revenue. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:] - Microsoft FY23 Q1 Earnings [00:] - Sony FY23 Q2 Earnings [00:] - Capcom FY23 Q2 Earnings [00:] - Paradox FY22 Q3 Earnings [00:] - Remedy FY22 Q3 Earnings [00:] - Sega FY23 Q2 Earnings [00:] - Electronic Arts FY23 Q2 Earnings [00:] - Inv...2022-11-021h 21
Virtual EconomyThe Console Supply Must Flow (News Show)After two years, it seems like new-generation console supply is starting to meet demand. We discuss in our coverage of the September NPD report. Also: the latest Activision Blizzard shenanigans (including two big Ls for the publisher), more on the Bayonetta 3 story, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:06] - NPD US Video Game Spending Report for September 2022 [00:18:25] - Investment Interlude [00:25:07] - Quick Hits [00:27:48] - Labor Report SOURCES NPD US Video Game Spending Report for September 2022 | Mat Piscatella (@matpiscatella) on Tw...2022-10-2649 min
Virtual EconomyWe Need to Talk About the Voice Acting and Bayonetta Brujaha (News Show)Bayonetta voice actor Hellena Taylor shared troubling allegations of her treatment during negotiations, but new reports suggest things aren't quite what they seem. We discuss voice acting rates and what the $4,000 offer means for SAG-AFTRA union members. Also: Microsoft and Sony continue their war in the UK over the Activision acquisition, more troubling layoffs for games media, and Meta acquires a trio of studios while announcing absurd pricing for its next headset. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:51] - Listener Question [00:09:14] - Invest...2022-10-191h 28
Virtual EconomyE3, WISE FWOM YAW GWAVE (News Show)E3 lives, Stadia dies, and Twitch continues to make bad moves that alienate its community. Also: Saudi Arabia and Tencent look to step up investments, and a beefy labor report. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:21] - Twitch Has a Child Predator Problem (That it Tried to Cover Up with Different Bad News) [00:28:39] - Investment Interlude (Netflix, Saudi Arabia, Tencent, Fandom) [00:44:10] - Quick Hits [00:50:56] - Labor Report (Activision and OSHA, Respawn, Nintendo Tester Speaks Out, Studio ZA/UM) [01:05:41] - E3 Lives! [01:12:04] - FAFO...2022-10-031h 26
Virtual EconomyYves Guillemot Can’t Fix Ubisoft’s Culture Problems (News Show)Ubisoft leadership has all but given up on fixing the company’s culture as Tencent increases its ownership stake. Also: NPD for August 2022, GameStop bleeds, 343 loses its leader, and Microsoft and Sony continue to butt heads in the UK over Activision acquisition. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:39] - GameStop Earnings [00:15:31] - NPD for August 2022 [00:26:12] - Investment Interlude [00:45:33] - Quick Hits [00:58:44] - Labor Report [01:30:21] - The GTA6 Hack [01:41:43] - FAFO Award SOURCES GameStop Reports Second Quarter Fiscal Year 2022 Results | GameStop GameSto...2022-09-221h 52
Virtual EconomyAmazon and EA: Will They Do The Horizontal Mambo? (News Show)A drama-filled Friday saw the huge news of a major acquisition… followed by a debunking and walkback that we’ll be talking about for some time. Also: Sony jacks the price of PS5, Chinese giants make investments in Quantic Dream and FromSoftware, and a discussion on how M&A is impacting smaller publishers. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:16] - PS5 Price Increase [00:07:43] - Investment Interlude [00:29:43] - Quick Hits [00:40:37] - Labor Report (GameStop, Rogue Games) [00:44:30] - Amazon, EA, and the importance of care when...2022-09-011h 03
Virtual EconomyEmbracer Ate Middle-earth Enterprises for Second Breakfast (News Show)Embracer Group’s latest spending spree nets them one of the world’s most recognizable IPs (and much more). Also: Unity slumps amid hostile takeover, Take-Two posts losses on Zynga acquisition, Nintendo is in the hot seat again, Activision commits to the union-busting bit, and NPD for July 2022 as spending continues its slide back to pre-pandemic levels. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:42] - Unity Q2 FY22 Earnings [00:14:54] - Take-Two Q1 FY23 Earnings [00:27:21] - Thunderful Group H1 FY22...2022-08-231h 22
Virtual EconomyActivision Is Bleeding Players (News Show)Call of Duty is in a slump, and Activision is waiting out the clock until the acquisition having reportedly canceled a long in-development mobile World of Warcraft game. Also: Earnings, GameStop’s terrible NFT marketplace, Square Enix’s bananas comments about its former Western teams, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:06] - Activision Q2 FY22 Earnings and News [00:19:59] - Paradox Q2 FY22 Earnings [00:23:08] - EA Q1 FY23 Earnings [00:27:54] - Investment Interlude [00:35:34] - Quick Hits [00:39:47] - Nintendo Q1 FY23 Earnings [00:44:52] - Square En...2022-08-091h 16
Virtual EconomyMinecraft Tells NFT Twerps to Go ‘Block’ Themselves (News Show)Minecraft is taking a hard line against those who would abuse the game with crypto and blockchain schemes. Also: Earnings season begins with Capcom, Microsoft, and Sony, ABK workers walkout again, Rockstar on the mend, and Meta jacks the price of the Quest 2 by $100. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:17] - Capcom Earnings [00:10:38] - Microsoft Earnings [00:16:55] - Sony Earnings [00:22:22] - Investment Interlude [00:33:22] - Quick Hits [00:39:08] - Labor Report (Activision, Ubisoft, Riot, Rockstar, Tender Claws, Card Kingdom) [00:53:29] - Meta Raises the Price of Quest...2022-08-031h 05
Virtual EconomyEquity and Underrepresentation in Game Development with Code CovenWe talk a lot about diversity, equity, and inclusion on this show. Manda sat down with Code Coven’s founder, Tara Mustapha, and marketing coordinator, Myleah Lofland, earlier this year to discuss how Code Coven is changing the industry for the better by helping to foster and develop the talent that will lead gaming to its fullest potential. Code Coven is definitely going to take over the world. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!2022-07-2656 min
Virtual EconomyGameStop and Unity Want Those Payoffs for Layoffs (News Show)GameStop and Unity are making ugly moves, drawing the ire of consumers and developers. Also: E3 returns as the ESA gives up on being an event organizer, a surprisingly meaty list of new investments, NPD for June 2022, another Activision studio moves to unionize, and a double FAFO! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:10] - The Return of E3 [00:14:59] - NPD for June 2022 [00:24:37] - Investment Interlude [00:45:56] - Quick Hits [01:06:36] - Labor Report (Nintendo, esports media, GameStop, and a new Activision union) [01:19:03] - Double FAFO...2022-07-211h 27
Virtual EconomyThe Video Game Industry Celebrated Pride with a Bear Market (News Show)The Video Game Industry Celebrated Pride with a Bear Market (News Show): The pandemic boon is quickly becoming a memory as inflation, rising prices, and a thin release slate put pressure on developers and publishers. Also: Activision workers list demands for workplace safety, the Communications Workers of America back Microsoft’s Activision acquisition, and Québec may be set to quash its local game scene. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:16] - Microsoft Matches Epic Games Store Revenue Share on PC [00:11:08] - A Brief...2022-07-031h 06
Virtual EconomySlurping From The Game Firehose (News Show)There was a lot to learn from the 2022 Keigh3 / Not-E3 / Game Mess showcases, and we’ve got beefy trend analysis for you! Also: NPD for May 2022, Microsoft takes more union-positive steps, EA and Ubisoft slash executive compensation, Activision shareholders do lots wrong (but one thing right), and a double FAFO! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:50] - Summer Game Showcase Breakdown and Analysis [00:56:01] - Investment Interlude [00:58:26] - Quick Hits [01:13:24] - Labor Report (Microsoft Labor Neutrality, Activision, EA) [01:25:38] - NPD US Video Game Spendin...2022-06-251h 45
Virtual EconomyGameStop is Bleeding (News Show)GameStop revenues are up, but other indicators are looking ugly. Also, Microsoft takes steps toward supporting unions, Xbox cloud gaming evolves, EA tries to repair Pride damage and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:29] - GameStop Earnings [00:06:35] - Investment Interlude [00:10:15] - Quick Hits [00:14:13] - Labor Report [00:23:41] - The Xbox Showcase Pre-Briefing SOURCES GameStop Reports First Quarter Fiscal Year 2022 Results | GameStop Israeli mobile games co Playtika to lay off 250 | Globes Our support is unwavering for our people, our players, and our LG...2022-06-0934 min
Virtual EconomyA Soft Boiled Quarter (News Show)This episode is a bit of all of your faves. We have some interesting earnings stuff to discuss (Embracer Group, EG7, Thunderful, and CD Projket), the labor report is getting saucy, and we get to talk about funding for indies! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:41] - Embracer Group Earnings [00:15:12] - EG7 Earnings [00:20:32] - Thunderful Group Earnings [00:24:49] - CD Projekt Earnings [00:26:55] - Investment Interlude [00:31:50] - Quick Hits [00:36:46] - Labor Report [00:47:33] - Sony Discusses the Future of PlayStation SOURCES EMBRACER GROUP PUBLI...2022-06-0157 min
Virtual EconomyJim Ryan’s Tone Deaf Meow Meow Storytime Hour (News Show)There’s a right way to respond to a civil liberties crisis. PlayStation boss Jim Ryan went a different way. Also: NPD for April 2022, Raven workers vote to unionize as Activision Blizzard draws the NLRB’s ire, Sony discrimination lawsuit is back in play, developers revive anticompetition suit against Valve, Saudi Arabia takes a bite of Nintendo, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:42] - The Attack in Buffalo and How the Game Industry Played a Role [00:11:00] - Steam Antitrust Suits Revived...2022-05-241h 31
Virtual EconomyA Conversation About Preservation with Limited Run & Hit SaveAs the video game industry matures, it's important that we preserve our history to understand where we've been and where we're going. In this conversation with two preservation-minded organizations, we welcome Josh Fairhurst and Joe Modzeleski from Limited Run Games, as well as Jonas Rosland, the Executive Director of video game preservation non-profit, Hit Save. The conversation covers the work both groups are doing in the name of preservation and the tools they are using to save our history. Hit Save will be raising money for its preservation efforts on Sunday, May 22, 2022 on its Twitch Channel: Twitch...2022-05-2158 min
Virtual EconomyYou Can Stop Buying GTA V Now (Earnings Show)No really. They’ve sold 165 million copies. Do you really need more? It’s a busy earnings show, but we coast through it smooth as Strauss Zelnick’s haircut. On this episode: Zynga, Nintendo, Sony, EA, Roblox, Bandai Namco, Starbreeze, Remedy, Capcom, Unity, Sega, Square Enix, and Take-Two. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:46] - Zynga [00:08:58] - Nintendo [00:26:01] - Sony [00:38:30] - EA [00:52:02] - Roblox [00:57:43] - Financial Quick Hits (Bandai Namco, Starbreeze, Remedy) [01:06:53] - Capcom [01:10:48] - Unity [01:15:28] - Sega [01:19:27] - Square Enix [01:26:24] - Take-Two 2022-05-171h 40
Virtual EconomyThe Game Industry Is Deathly Quiet on Abortion Rights (News Show)The game industry loves to trot out its support for Women’s History Month, but most companies are avoiding standing up for abortion rights. It’s time for developers and publishers to take a stand. Also: Paradox earnings, Fortnite is back on iOS and Android (thanks to Microsoft), the war for Turtle Beach, NYC sues Activision, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:05:59] - Microsoft and Epic Make a Mobile Fortnite End-Run [00:08:55] - Paradox Earnings [00:18:24] - Investment Interlude [00:47:15] - Quick Hits [00:57:54] - Labor R...2022-05-101h 09
Virtual EconomySquare Enix’s Shocking Western Sell-Off (News Show)Square Enix bids farewell to its western CEO and studios, but Embracer is ready to hug ‘em tight. Also: Sony makes the new PS+ even more confusing, Activision shareholders sign-off on acquisition, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:52] - Microsoft Q3 FY22 Earnings [00:10:58] - Sony Makes Life Harder for Devs and PlayStation Plus Subscribers [00:31:08] - Investment Interlude, Including Square Enix / Embracer Discussion [01:10:04] - Quick Hits [01:10:54] - Labor Report SOURCES Microsoft Cloud Strength Fuels Third Quarter Results | Microsoft Timed game tr...2022-05-031h 19
Virtual EconomyActivision Union Busters Rack Up Another L (News Show)QA workers at Activision-owned Raven Software have been given the go-ahead from the NLRB to unionize. Also: Hardware supply continues to be challenging according to latest NPD report, Nintendo is facing its own labor issues, and Sony scores a partial victory in court. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:46] - NPD for March 2022 [00:27:35] - Investment Interlude [00:31:02] - Quick Hits [00:38:44] - Labor Report SOURCES NPD Report on US Video Game Spending for March 2022 | Mat Piscatella (@MatPiscatella) on Twitter Nintendo hit with labor...2022-04-2552 min
Virtual EconomySome Activision Shenanigans Afoot in the California Governor’s Office (News Show)It’s a rapid-fire episode, filled with nerdy chats about pen-and-paper RPGs, which $1-$2B company Jack Tretton is going to eat in a “SPACquisition”, and Gov. Gavin Newsom selling out workers for Activision. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:47] - Investment Interlude [00:24:38] - Quick Hits [00:26:49] - Labor Report SOURCES Riot Games Tells Workers to Return to Office Without Vaccines or Masks | Vice Activision Blizzard Converts All QA Contractors to Full-Time | CharlieIntel (@CharlieINTEL) on Twitter Activision Blizzard Appoints Kristen Hines as Chief Di...2022-04-1945 min
Virtual EconomyIron Galaxy’s Commitment to a Nurturing Workplace with Chelsea Blasko (Bonus Episode)Chelsea Blasko returns to Virtual Economy to discuss Iron Galaxy’s expansion into Tennessee and the studio’s ongoing commitment to a healthy workplace. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!2022-04-1631 min
Virtual EconomyGDC 2022: I Fought the Law and the Law Won (Bonus Episode)In our first of three bonus episodes from GDC 2022, we’re joined by Odin Law’s Brandon Huffman and DLA Piper’s Ryan Black and Tyson Gratton to discuss labor issues, acquisitions, and the massive legal issues with the “play-to-earn” concept pushed by blockchain and NFT enthusiasts. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!2022-04-0859 min
Virtual EconomyWhat Sony is *Really* Doing with PlayStation Plus (News Show)We’re back from GDC and we have a lot to discuss. This week: PlayStation Plus gets a makeover, Bobby Kotick’s buddies accused of insider trading, indie studio bad behavior in the spotlight, and Sony’s own labor issues mount as more women come forward. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:19] - GDC 2022 Recap [00:27:20] - GameStop Earnings [00:42:00] - Investment Interlude [00:56:44] - Quick Hits [01:08:27] - Labor Report (Activision, Undead Labs, Sony, Moon Studios, PMG Report) [01:31:43] - The New PlayStation Plus SOURCES GameSt...2022-04-041h 44
Virtual EconomyEpisode 122: Activision Blizzard Sued for Wrongful Death (News Show) Activision Blizzard is accused of participating in a cover-up related to the death of one of its employees at a company retreat. Also: An update on video game industry action over Ukraine crisis, Epic purchases Bandcamp, Intellivision in trouble, and more. Content Warning: We discuss a story that involves self-harm from 00:57:39 to 1:06:59. Note: We will be on hiatus until Late March / Early April due to an upcoming move. We'll see you soon! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:35] - The...2022-03-061h 26
Virtual EconomyInterview with Ukrainian Developer Weasel TokenWe spoke with Oleksandr Molodkin from Kyiv-based developer Weasel Token about his family’s experience over the last week and what the game industry can do to assist Ukraine’s fight against Russia’s invasion. Weasel Token’s Website: https://weaseltoken.com/ Wishlist Puzzles for Clef on Steam HERE Charities Identified by Ukrainian Developers National Bank of Ukraine - Armed Services Fund Come Back Alive - Save a Life Fund 2022-03-0325 min
Virtual EconomyYou Can Listen to This Episode While Playing Elden Ring (News Show)Let’s talk about Elden Ring! So… which class did you roll? Have you found any good weapons? Why is that angry giant shouting at me?! Oh wait… uh… shoot… news… um… OKAY! Call of Duty hits some bumps, Nintendo makes an acquisition, Paradox and EG7 earnings, and how YOU can help fight discrimination in Texas and Florida and support Ukraine as it defends itself against Russia’s invasion. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:03:32] - Paradox Earnings [00:15:01] - EG7 Earnings [00:19:26] - I...2022-02-261h 32
Virtual EconomyDoes Nintendo Have an Obligation to Preserve Its Legacy? (News Show)It’s almost time to say goodbye to the 3DS and Wii U eShops… but what about all that lost software? Also: Microsoft moved fast to acquire Activision when stocks tanked, Team17 promises change, Paradox has hard work ahead, and the NLRB hears arguments on Raven QA unionization. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:00:48] - Nintendo Sunsetting 3DS, Wii U eShops (And a Conversation about Preservation) [00:22:32] - Thunderful Games Earnings [00:32:14] - Investment Interlude [00:37:32] - Quick Hits [00:52:17] - Labor Report (Ubisoft, Activision, Team17, Paradox...2022-02-221h 23
Virtual EconomyGet That Bread (Earnings Show)Earnings season continues! In this episode, we breakdown Sega, Remedy, Zynga, Roblox, Starbreeze, and Embracer Group’s latest earnings. Support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:25] - Sega [00:07:02] - Remedy [00:10:31] - Zynga [00:19:54] - Roblox [00:32:34] - Starbreeze [00:44:59] - Embracer Group SOURCES CONSOLIDATED FINANCIAL STATEMENTS [Japanese GAAP] | Sega Sammy Fiscal Year Ending March 2022 Q3 Results Presentation | Sega Sammy Strong year with new partnerships and game launches | Remedy Zynga Announces Fourth Quarter and Full Year 2021 Financial Results | Zynga ROBLOX REPORTS FOURTH QUARTER AND FULL YEAR 2021 FINANCIAL RESULTS | Roblox STAR...2022-02-1854 min
Virtual EconomyBad Management Decisions Open a Can of Worms (News Show)Team17’s decision to dabble in NFTs has empowered employees to talk about the company’s history of workplace problems. Also: Trouble at Intellivision, Microsoft gets ahead of regulation, and SPACs run into problems… You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:20] - Intellivision in Trouble [00:27:34] - NPD for January 2022 [00:40:07] - Investment Interlude [00:50:42] - Quick Hits [01:08:22] - Labor Report (Microsoft, Activision, Team17, IGDA) [01:32:33] - Nintendo Direct Trends [01:44:13] - Microsoft is Trying to Get Ahead of Regula...2022-02-131h 57
Virtual EconomyEarnings are Part of This Complete Breakfast (Earnings Show)It's the first bonus earnings episode of the quarter. On this show: Microsoft (and Activision), Capcom, Sony (and Bungie), EA, Nintendo, Unity, Square Enix, and Take-Two. WHEW! You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:3:15] - Microsoft [00:17:22] - Activision [00:27:19] - Capcom [00:37:36] - Sony [00:44:38] - Sony’s Acquisition of Bungie [00:59:22] - Electronic Arts [01:14:00] - Nintendo [01:24:29] - Unity [01:36:48] - Square Enix [01:42:07] - Take-Two SOURCES Microsoft Cloud Strength Fuels Second Quarter Results ACTIVISION BLIZZARD ANNOUNCES FOURTH...2022-02-081h 55
Virtual EconomyThe Real NFT Was the Friends We Lost Along The Way (News Show)Another week, another round of companies thinking they can make NFT fetch happen. Also: 35 states back Epic against Apple. Wordle has a new owner, Activision is actively union busting, a bunch of investment stories, and a double dose of FAFO goodness… badness… FAFOness. You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:31] - Epic Games Store Year in Review [00:16:43] - Update on Epic vs. Apple Suit [00:26:54] - Investment Interlude [00:41:54] - Quick Hits [00:57:34] - Labor Report (Activis...2022-02-061h 19
Virtual EconomyLEGO of Your Crunch Culture (News Show)TT Games, the studio behind the LEGO games, has a deep history of crunch and bad management according to a Polygon report. Also, the latest on Activision Blizzard, unionization at Raven, dispelling the myth of BioWare Magic, NPD for December and 2021, and a look at this year's State of the Industry report. You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:33] - NPD for December 2021 and Full Year 2021 [00:28:22] - Investment Interlude [00:35:04] - Quick Hits [00:43:55] - Lab...2022-01-241h 38
Virtual EconomyPhil Spencer is Gonna Be Bobby Kotick’s Business Daddy (Bonus Episode)We’re talking about Microsoft’s planned purchase of Activision Blizzard for $68.7 billion. You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise!2022-01-1849 min
Virtual EconomySo… What Did We Miss? (Season 3 Premiere, News Show)We’re back for the start of Season 3 with some trends chat from Steam’s Best of 2021 report, PSVR2, the latest labor news, and a whole lot of acquisitions to discuss (Embracer, Take-Two, and Tencent took some big swings). And we need to talk about E3... You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:04:24] - Trends and Learnings from Steam’s Best of 2021 [00:27:15] - PSVR2 Details [00:35:36] - Investment Interlude (Embracer Group acquires Asmodee, Dark Horse, an...2022-01-181h 55
Virtual EconomySeason Two FinaleIt’s our last show of 2021! This week: The Game Awards, GameStop earnings take a fall, a big labor update, November NPD, and more. You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:34] - The Game Awards Recap [00:34:21] - Gamestop Q3 Earnings [00:40:14] - Investment Interlude [00:44:55] - Quick Hits [00:52:55] - Labor Update [01:10:48] - NPD for November 2021 [01:23:19] - FAFO Award SOURCES GameStop Reports Financial Results for Q3 2021 GameStop Pushes Employees To The Breaking Point During Holid...2021-12-141h 28
Virtual EconomyTake-Two’s Trademark Shenanigans (News Show)Take-Two doesn’t want anyone to trademark anything that includes the words “Rockstar” or “Take” or “Two” in a trademark dispute overreach. Also: A big labor update (Activision, Ubisoft, Sony, Microsoft), CD Projekt and EG7 earnings, Tencent in trouble at home, and Marty O’Donnell’s big mea culpa. You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:04:56] - CD Projekt Earnings [00:16:20] - EG7 Earnings [00:28:06] - Tencent in Trouble [00:31:51] - Investment Interlude [00:47:08] - Quick Hits [01:05:42] - Labor Update (Activ...2021-12-051h 32
Virtual EconomyActivision’s Board Must Fire Bobby Kotick (News Show)Excellent reporting from the Wall Street Journal and others have further exposed Activision’s c-suite crisis, as Microsoft and Sony call Bobby Kotick to account. Also: Embracer Group, Paradox, and Thunderful earnings and a FAFO award! You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise! Content Warning from 51:01 through 01:19:39: During the Activision update, we discuss new reporting that deals with sexual assault. TIME STAMPS [00:02:47] - Embracer Group Q2 2021 Earnings [00:10:44] - Paradox Earnings for Q3 2021 [00:18:55] - Thund...2021-11-221h 28
Virtual EconomyYearnings for Earnings (News Show)It’s the end of earnings season! This week: Sega, Konami, Digital Bros/505 Games, Remedy, Starbreeze, Roblox, Zynga, Unity. Also: NPD for October 2021, a FAFO award, and a bunch of quick hits! You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:09] - Sega Earnings [00:11:01] - Konami Earnings [00:14:08] - Digital Bros Earnings [00:16:47] - Remedy Earnings [00:19:01] - Starbreeze Earnings [00:22:22] - Roblox Earnings [00:34:20] - Zynga Earnings [00:45:05] - Unity Earnings [00:51:33] - Investment Interlude [01:01:18] - Quick Hits [01:10:59] - Activision / Ubisoft Labor Update [01:16:33] - NPD for October 2021 [01:19:52] - This Week’s FAFO Awar...2021-11-151h 23
Virtual EconomyDevolver Whips It Real Good (News Show)Devolver Digital makes the move from indie to public company. Also: Take-Two, EA, Nintendo, Square Enix earnings, Blizzard loses its best hope for reform, Ubisoft employees call on the public for help, and Bowser is owes Nintendo $4.5M (and wins this week’s FAFO Award). You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:28] - Take-Two Q2 FY2022 Earnings [00:18:20] - EA Q2 FY2022 Earnings [00:37:18] - Nintendo H1 FY2022 Earnings [00:47:16] - Square Enix H1 FY2022 Earnings [00:58:15] - Investment Interlude [01:04:41] - Quick Hits [01:14:34] - Netflix Launches Mobile Games i...2021-11-081h 27
Virtual EconomyBobby Kotick Starring in: Accountability Theatre (News Show)While Bobby Kotick takes a bow on his paycut, the stage manager is holding up a sign that says “He just got a $155 million payday!” Also: Sony, Microsoft, and Capcom earnings, the end of PAX South, Australian game developers take a stand against crypto and NFTs, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:36] - Sony Q2 FY2021 Earnings [00:10:23] - Microsoft Q1 FY2022 Earnings [00:22:50] - Capcom Q2 FY2022 Earnings [00:28:49] - Investment Interlude [00:45:16] - Quick Hits [00:56:43] - Australian game developers take a stand against e...2021-11-011h 20
Virtual EconomyActivision Blizzard Can’t Slip the Hook (News Show)Activision Blizzard has tried and failed to pause the lawsuit brought by the California Department of Fair Employment and Housing. Also: NPD acquired, death threats hit Abandoned dev Blue Box, Microsoft still hungry for more acquisitions, and Unity makes moves. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:08] - Unity launches multiplayer service suite [00:11:57] - Valve learns from Steam Machines mistakes [00:22:35] - Abandoned dev Blue Box facing death threats [00:31:58] - Investment Interlude [00:53:14] - Quick Hits [01:14:52] - NPD for September 2021 [01:22:00] - Activision Blizzard tries, fails to do...2021-10-261h 33
Virtual EconomyCorporations Are Not Your Friends (News Show)This week, we’re talking about big corporations, performative allyship, and why they aren’t your friends. Yes, that social media account is funny and has a rainbow version of their logo. No, the executives often don’t know or care about it. On this episode, we discussed Twitch, MercurySteam, the latest on the Activision Blizzard lawsuits, and trouble at Paradox. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:51] - Twitch got hacked, but at least we have tools to slow down hate raids now [00:25...2021-10-171h 39