Episode 72: The Last Temptation of “DeepF-ingValue” (News Show)
Release Date: 02/20/2021
Virtual Economy
2026 is putting us through our paces right out of the gate. We’re hanging onto hope, but layoffs, consolidation, and private equity loom over us like a shadow. On this episode: an update on Paramount’s desperate fight for Warner Bros. Discovery, Saudi Arabia moves video game holdings, and VR’s challenges get much larger. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:02:35] - A conversation about hardware prices [00:10:16] - Paramount sues Warner Bros for Netflix deal details [00:15:39] - Investment Interlude [00:24:13] - Quick Hits [00:28:07]...
info_outlineVirtual Economy
2025 has continued the trend of layoffs, consolidation, and privatization. The gulf between AAA and everyone else is widening, as the AI bubble strains before an inevitable burst. With November’s Circana report coming in bleak after months of stronger performance, 2026 will continue to challenge us all. BUT... there is reason to hope. Unions are growing in number and reach and studios doomed by AAA mega-corps are finding a way to survive. We need to stick together to not only survive, but thrive. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS ...
info_outlineVirtual Economy
Warner Bros. is selling itself like a $1.50 hot dog at Costco, and everyone wants a bite. Before the weekend, Netflix looked like it had a clear path to regulatory review. But now, New Paramount is taking a swing with a hostile takeover. Things are about to get ugly. Regardless of who wins, though, we lose. Consolidation continues and consumers pay the price. Also: Nintendo, Square Enix, Take-Two, Embracer Group, and Sony earnings; Circana’s report on U.S. video game spending for October 2025; and another grim labor report. You can support Virtual Economy’s growth via our and also...
info_outlineVirtual Economy
We’re joined by two special guests on this milestone episode. Please welcome Andy Pan (the only person who has previously co-hosted a show with us) and Greg Alderton, Virtual Economy’s lead moderator! With 14,000 people laid off, studios shuttered, and projects abandoned, Amazon seems ready to give up on most or all of its gaming dreams. Also: EA earnings ride off into the sunset, Capcom posts a strong quarter, Remedy’s in trouble, and Microsoft is inscrutable. Also: Sony responds to Tencent’s request to dismiss the Light of Moritram lawsuit, Circana report on U.S. video game spending...
info_outlineVirtual Economy
We’re joined by two special guests on this milestone episode. Please welcome Andy Pan (the only person who has previously co-hosted a show with us) and Greg Alderton, Virtual Economy’s lead moderator! With 14,000 people laid off, studios shuttered, and projects abandoned, Amazon seems ready to give up on most or all of its gaming dreams. Also: EA earnings ride off into the sunset, Capcom posts a strong quarter, Remedy’s in trouble, and Microsoft is inscrutable. Also: Sony responds to Tencent’s request to dismiss the Light of Moritram lawsuit, Circana report on U.S. video game spending...
info_outlineVirtual Economy
With prices skyrocketing this generation, Microsoft has increased costs on Game Pass’ top tier while cutting offerings on others. We discuss the broader implications as price-sensitive players get boxed out. Also: Unity security alert sends devs scrambling, Tencent fires back at Sony’s Horizon: Zero Dawn lawsuit, and private equity rears its head once more. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:40] - Game Pass Price Hike Hits Hard [00:29:53] - Unity Security Flaw Alert [00:32:53] - Tencent Hits back at Sony’s Horizon: Zero Dawn...
info_outlineVirtual Economy
EA is going private in a $55 Billion deal. Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake will own the company after the deal closes in Q1 FY27. We discuss what that means, explained how leveraged buyouts work, and share our concerns for the future of EA’s workforce and identity. You can support Virtual Economy’s growth via our and also purchase!
info_outlineVirtual Economy
PAX West 2025 felt like home for the first time since the COVID-19 lockdown ended. We recap our favorite games and tech from the show. You can support Virtual Economy’s growth via our and also purchase!
info_outlineVirtual Economy
Following the flagging performance of Destiny 2 and Marathon woes, Sony has jettisoned embattled Bungie studio head Pete Parsons. They’ve also announced significant hikes on PS5 prices. Also: Another Subnautica 2 lawsuit, a BioShock shakeup, and Frost Giant studio head Tim Morten leads with transparency and accountability. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:02:07] - PlayStation 5 Price Increases in the U.S. [00:05:25] - Unknown Worlds v Cleveland, McGuire, and Gill [00:14:33] - Circan Report on U.S. Video Game Spending for July 2025...
info_outlineVirtual Economy
Krafton’s response to the Unknown Worlds lawsuit hinges on one key element: the interpretation of the Equity Purchase Agreement. Also, lots of earnings, Roblox is under fire from the state of Louisiana, an update on the growing censorship of Steam and Itch.io, and more. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:00:48] - Correction: Thunderful Share Price at Time of Atari Purchase [00:02:35] - Sony Q1 FY25 Earnings [00:05:24] - Paradox Q2 FY25 Earnings [00:07:26] - Take-Two Q1 FY26 Earnings [00:08:54] - Remedy Q2 FY25 Earnings [00:11:25] -...
info_outlineKeith Gill, better known as WallStreetBets’ “DeepF*ingValue” and “RoaringKitty”, testified before congress and has been sued by angry GameStonk investors. We also discuss Phil Harrison’s failed leadership and purposely misleading Stadia developers, Microsoft’s enhanced accessibility offerings, Starbreeze’s turnaround, and Apple trying to rope Valve into its defense.
TIME STAMPS
- [00:00:35] - PS5 DualSense Class Action Suit
- [00:02:35] - GDC is going completely online in 2021
- [00:08:15] - Keith “DeepF*ingValue” Gill sued for his role in the GameStonk event
- [00:30:32] - Microsoft stories (Accessibility, Cloud Gaming, and FPS Boost)
- [00:34:28] - Starbreeze completes its financial and organizational reconstruction
- [00:43:22] - Quick Hits
- [01:07:22] - Bungie expands and announces work on a new IP
- [01:13:15] - Update on Epic lawsuit and news about Fortnite’s Short Nite film event
- [01:17:50] - Remedy’s very good earnings report
- [01:19:36] - Nintendo Direct takeaways
- [01:29:56] - Phil Harrison gaslit Stadia developers
SOURCES
- Law firm files PS5 DualSense drift class action against Sony (Eurogamer): https://www.eurogamer.net/articles/2021-02-13-law-firm-files-ps5-dualsense-drift-class-action-against-sony
- A New Approach To 2021 With A Family Of GDC Events And More!: https://gdconf.com/news/new-approach-2021-family-gdc-events-and-more
- ‘Roaring Kitty’ Reddit investor sued over role in GameStop stock surge (Polygon): https://www.polygon.com/2021/2/17/22287804/gamestop-stock-price-lawsuit-roaring-kitty-reddit-robinhood
- Making Backward Compatible Games Even Better with FPS Boost: https://news.xbox.com/en-us/2021/02/17/making-backward-compatible-games-even-better-with-fps-boost/
- Microsoft starts testing Xbox cloud gaming on the web (Engadget): https://www.engadget.com/microsoft-cloud-gaming-test-on-web-154258542.html
- Microsoft will test Xbox and PC games to help make them more accessible: https://news.xbox.com/en-us/2021/02/16/xbox-accessibility-guidelines-and-testing/
- STARBREEZE AB (PUBL) INTERIM REPORT Q4 2020: https://www.starbreeze.com/2021/02/starbreeze-ab-publ-interim-report-q4-2020/ | https://www.starbreeze.com/sbz-media/2021/02/Starbreeze-Interim-Report-Q4-2020.pdf
- IGDA Foundation Diverse Game Developers Fund Applications: https://igdafoundation.org/diverse-game-developers-fund/
- Bungie Prepares for Future Growth in 2021 with Studio Expansion, Key Talent Investments, and New Board Members: https://www.businesswire.com/news/home/20210218005230/en/Bungie-Prepares-for-Future-Growth-in-2021-with-Studio-Expansion-Key-Talent-Investments-and-New-Board-Members
- Epic Game Files EU Antitrust Complaint Against Apple: https://www.epicgames.com/site/en-US/news/epic-games-files-eu-antitrust-complaint-against-apple
- Apple subpoenas Valve as part of its legal battle with Epic: Valve fights back (PC Gamer): https://www.pcgamer.com/apple-subpoenas-valve-as-part-of-its-legal-battle-with-epic-valve-fights-back/
- Big Tech’s Unlikely Next Battleground: North Dakota (New York Times): https://www.nytimes.com/2021/02/14/technology/north-dakota-tech-apps.html
- Fortnite Debuts “Short Nite” Film Festival in Party Royale: https://www.epicgames.com/site/en-US/news/fortnite-debuts-short-nite-film-festival-in-party-royale
- Remedy Full Year 2020 Financial Statements: https://investors.remedygames.com/app/uploads/2021/02/financial-statements-release-1.1.31.12.2020.pdf
- Stadia Leadership Praised Development Studios For 'Great Progress' Just One Week Before Laying Them All Off (Kotaku): https://kotaku.com/stadia-leadership-praised-development-studios-for-great-1846281384