Episode 172: Embracer Group Crumbles… And Friends (News Show)
Release Date: 04/28/2024
Virtual Economy
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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info_outlineThe 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 Earnings
- [00:49:10] - Investment Interlude
- [00:53:08] - Quick Hits
- [01:01:27] - Labor Report
SOURCES
- EMBRACER GROUP ANNOUNCES ITS INTENTION TO TRANSFORM INTO THREE STANDALONE PUBLICLY LISTED ENTITIES AT NASDAQ STOCKHOLM | Embracer Group
- ASMODEE SECURES FINANCING AGREEMENT OF EUR 900 MILLION AS PART OF SEPARATION, DELEVERAGING THE REMAINING EMBRACER GROUP | Embracer Group
- OPEN LETTER BY EMBRACER GROUP CEO ABOUT THE TRANSFORMATION INTO THREE STANDALONE PUBLICLY LISTED ENTITIES | Embracer Group
- A New Era for Mixed Reality | Meta
- Interim report January – March 2024 | Paradox
- Earnings Release FY24 Q3 | Microsoft
- Modern Wolf lays off six staff in studio restructuring | Game Developer
- ‘It’s been really painful’: Ex-Lionhead devs explain why they’ve announced, and shelved, a new game | VGC
INVESTMENT INTERLUDE
- Atari Revives Infogrames as a Publishing Label | NewsWire
- Krafton acquires minority stake in Forever Skies developer Far From Home | Game Developer
- Rummikub maker Goliath continues push into hobby gaming with Lucky Duck Games buyout | BoardGameWire
- CMON buys Japon Brand, the company which introduced the world to Love Letter and Machi Koro | BoardGameWire