Episode 167: Did Microsoft Trigger the FTC’s Trap Card? (News Show)
Release Date: 02/14/2024
Virtual Economy
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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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 using the code VECONOMY20. You can support Virtual Economy’s growth...
info_outline Bonus Episode 10: A Conversation About Unionization with IATSEVirtual Economy
With 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 . For more on IATSE, you can visit their , , and channels. Additionally, you can find more resources at and the .
info_outlineMicrosoft’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 VirtualEconomy20.
You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!
TIME STAMPS
- [00:01:14] - EA Earnings
- [00:12:44] - Microsoft Earnings
- [00:22:59] - Capcom Earnings
- [00:28:23] - Nintendo Earnings
- [00:31:09] - Square Enix Earnings
- [00:37:45] - Paradox Earnings
- [00:42:38] - Take-Two Earnings
- [00:49:17] - SegaSammy Earnings
- [00:53:09] - Meta Earnings (Brief)
- [00:55:57] - Investment Interlude
- [01:12:13] - Quick Hits
- [01:19:36] - Labor Report
SOURCES
- Electronic Arts Reports Strong Q3 FY24 Results | EA
- Microsoft Earnings Release FY24 Q2 | Microsoft
- Capcom On Track to Achieve Full-Year Guidance | Capcom
- Consolidated Results for the Nine Months Ended December 31, 2022 and 2023 | Nintendo
- Consolidated Financial Results for the Nine-Month Period Ended December 31, 2023 | Square Enix
- Year-end report January – December 2023 | Paradox
- Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2024 | Take-Two
- SegaSammy Q3 Results Presentation | SegaSammy
- Meta Reality Labs loses $4.65B in Q4 | Meta
- Tencent CEO feels its game business "achieved nothing" during 2023 | Game Developer
- Embracer lays off staff at Star Trek: Infinite dev Nimble Giant | Game Developer
- Wayfinder dev Airship Syndicate lays off 12 employees | Game Developer
- Square Enix absorbs Tokyo RPG Factory | Gematsu
- Hidden Path Layoffs | Jeff Pobst on LinkedIn
- Roughly half of Devolver's Artificer studio laid off | Games Industry
- Devolver Digital CEO Douglas Morin steps down | Games Industry
- Layoffs at Netease, MiHoYo, Tencent | Core Esports
- The FTC is Going After Microsoft Over Layoffs | Tom Warren (@tomwarren) on Twitter
- …And Microsoft has Responded | Tom Warren (@tomwarren) on Twitter
INVESTMENT INTERLUDE
- Nordcurrent snaps up Cinemaware library | Games Industry
- Disney and Epic Games to Create Expansive and Open Games and Entertainment Universe Connected to Fortnite | Disney
- Nitro Games receives further €3.5 million to continue Warframe mobile development | Pocket Gamer
- Six Nations-backer CVC in talks to buy Runescape-maker for £900m | Sky News
- FromSoftware owner Kadokawa acquires Octopath Traveler studio | Eurogamer