Episode 154: What Happens When a $2B Deal Evaporates Overnight? (News Show)
Release Date: 06/11/2023
Virtual Economy
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 and also purchase! 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 Earnings [00:49:10]...
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info_outlineOn 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 STAMPS
- [00:02:11] - Embracer Group Earnings for FY23
- [00:10:02] - Sony Business Segment Meeting - New Data
- [00:21:25] - GameStop Earnings for Q1 2023
- [00:29:11] - Investment Interlude
- [00:38:38] - Quick Hits
- [00:57:28] - Labor Report
- [01:19:48] - Microsoft Hit with $20M COPPA Violation Fine
- [01:23:51] - Apple’s Vision Pro and the $3,500 Price Tag
SOURCES
- Embracer Group Interim Report - Q4 and FY23 | Embracer Group
- Sony Business Segment Meeting 2023 Game & Network Services Segment | Sony
- CD Projekt Q1 2023 Earnings | CD Projekt
- GameStop Discloses First Quarter 2023 Results | GameStop
- Rising Storm studio Antimatter Games is being closed | PC Gamer
- Stranger Things 3 game developer BonusXP to close down | Game Developer
- Kirby support developer Vanpool has shut down | Game Developer
- Relic Layoffs | Relic Entertainment (@relicgames) on Twitter
- Life is Strange dev Deck Nine Games hit with staff layoffs | Game Developer
- Firaxis is latest video game studio hit by layoffs | Axios
- CD Projekt Red to Lay Off Around 30 Employees as Gwent Development Winds Down | IGN
- Redundancies hit Marvel Contest of Champions publisher Kabam | GamesIndustry
- Meta is laying off employees for the third time in less than three months | Engadget
- EA reportedly lays off two thirds of Firemonkeys Studio | GamesIndustry
- Star Wars: The Old Republic Going Third-Party as BioWare Focuses on Mass Effect and Dragon Age
- Bandcamp has successfully unionized at Epic Games | Game Developer
- Many teams, one Goodbye. Thank you for playing Blaseball. | The Game Band
- Investigation: Who’s Telling the Truth about Disco Elysium? | People Make Games
- FTC Will Require Microsoft to Pay $20 million | FTC
- Xbox FTC Settlement and Reimagining the Future of Safety on Xbox | Microsoft
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