Episode 153: The UK CMA Throws a Temper Tantrum Over the Activision Acquisition (News Show)
Release Date: 05/23/2023
Virtual Economy
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 and also purchase! TIME STAMPS [00:1:31] - GTA 6 Delay [00:12:06] - Circana for March 2025 [00:17:43] - Devolver Digital Investor...
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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 and also purchase! TIME STAMPS [00:02:53] - Nintendo Switch 2 and The Return of Paul Rudd, Gamer Dude [00:43:22]...
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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 and also purchase! 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 [00:54:29] -...
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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 and also purchase! 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] -...
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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 and also purchase! 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 2024 [00:35:25] - Learnings from the...
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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 and also purchase! 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...
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34,000. 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 and also purchase! 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 Spending for November 2024 [00:39:23] - Gamestop Q3 FY24 Earnings...
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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 and also purchase! TIME STAMPS [00:] - Ubisoft Shutters Three Studios and Ends XDefiant Development [00:] - Circana Report on U.S. Video Game Spending for October 2024 [00:] -...
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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 and also purchase! 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] -...
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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 and also purchase! 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...
info_outlineOne 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 Earnings
- [00:29:19] - Take-Two FY23 Earnings
- [00:43:08] - Investment Interlude
- [00:51:17] - Quick Hits
- [00:57:24] - Labor Report
- [01:04:56] - Circana Report on US Video Game Spending for April 2023
- [01:09:03] - Double FAFO
SOURCES
- Nintendo Full Year FY23 Earnings | Nintendo
- EA Q4 and Full Year FY23 Earnings | EA
- Starbreeze Q1 FY23 Earnings | Starbreeze
- Square Enix FY23 Earnings | Square Enix
- Capcom FY23 Earnings | Capcom
- Take-Two FY23 Earnings | Take-Two
- CD Projekt makes layoffs after rescoping its Witcher spin-off game | VGC
- Sony Studio PixelOpus, Best-Known for Concrete Genie, Is Shutting Down | IGN
- PlayStation-backed Deviation Games hit with layoffs | VGC
- Ubisoft Hit by More Layoffs in Customer Service and Elsewhere | IGN
- Report: Brace Yourself Games lays off half its staff | Game Developer
- Riot's $100 million gender discrimination settlement granted final approval | Game Developer
- Unity employee fired for sharing comments from executive suggesting employees rent in downtown SF to make RTO easier | Miranda Due (@MirandaDue) on Twitter
- Destiny 2 cheat maker refuses to show up for court and now owes Bungie $6.7 million | PCGamer
INVESTMENT INTERLUDE
- ANTICIPATED ACQUISITION BY MICROSOFT CORPORATION OF ACTIVISION BLIZZARD, INC. | UK Competition and Markets Authority
- Mergers: Commission clears acquisition of Activision Blizzard by Microsoft, subject to conditions | European Commission
- UK CMA Responds to EU Approval of Microsoft's Acquisition of Activision Blizzard | UK Competition and Markets Authority (@CMAgovUK) on Twitter
- Microsoft President Brad Smith on EU Decision | Brad Smith (@bradsmi) on Twitter
- Certain Affinity Announces Grand Opening of New Toronto Facility | Certain Affinity
- KEYWORDS STUDIOS EXTENDS US PRESENCE AND ADDS FURTHER AAA EXPERTISE TO ITS CREATE SERVICE LINE THROUGH THE ACQUISITION OF HARDSUIT | Keywords Studios
- Atari Closes the Acquisition of Nightdive Studios | Atari