Episode 176: Microsoft Holds a Knife to the Golden Game Pass Goose’s Neck (News Show)
Release Date: 07/16/2024
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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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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Ubisoft has been under fire since a failed hostile takeover attempt in 2018. Since then, a toxic culture of misogyny and harassment was revealed in 2020 leading to an exodus of talent and a string of underperforming releases. Now, a critical game delay, a board review of operations, and a looming strike in France have tanked the share price as the company is fending off an activist investor bent on forcing the company to eject the Guillemot family and take private equity to save the ailing publisher. Also: Another very bad time for labor, another story reveals a power struggle inside...
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The PlayStation 5 Pro defies all logic, reaching deeper into diehards’ pockets in the worst economy we’ve seen in 15 years. We break down the challenging economics (while also admiring Mark Cerny’s ASMR-style presentation). Also: GameStop earnings tumble, more Microsoft layoffs, Unity reverses a terrible decision, and can AI companies just stop stealing our stuff? 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....
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We had a hunch that EA Sports College Football was going to be big, and it seems to have single-handedly swung the U.S. video game spending report in a positive direction. Also: Lots of earnings, PS5 price hikes, some acquisitions, and more. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:46] - Circana Report on U.S. Video Game Spending for July 2024 [00:09:36] - Square Enix Q1 FY25 Earnings [00:16:53] - Nintendo Q1 FY25 Earnings [00:26:38] - Sony Q1 FY25 Earnings [00:36:43] - Remedy Q2 FY24 Earnings [00:44:59] - Sega Q1 FY25 Earnings [00:49:19] -...
info_outlineMicrosoft 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 https://www.magicmind.com/VECONOMY20 using the code VECONOMY20.
You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!
TIME STAMPS
- [00:01:13] - SAG-AFTRA Updates Independent Development Contracts
- [00:06:42] - Circana Report on U.S. Video Game Spending for May 2024
- [00:13:33] - Microsoft Makes Big Changes to Game Pass
- [00:28:56] - Investment Interlude
- [00:44:06] - Quick Hits
- [00:47:48] - Labor Report
SOURCES
- Life By You is Cancelled | Paradox Forums
- Paradox Interactive to close down Paradox Tectonic | Paradox
- Former Paradox Dev comments on Life by You Cancelation | Willem Delventhal on LinkedIn
- Cities Skylines 2 - Console Development Status | Paradox Forums
- Pieces Interactive has Been Shuttered by Embracer Group | Pieces Interactive
- Embracer-owned Gothic, Risen and ELEX developer Piranha Bytes closes | Eurogamer
- Former Piranha Bytes devs form Pithead Studio | GamesIndustry
- Galvanic Games is Closing Down | Galvanic Games (@GalvanicGames) on Twitter
- GOODBYE, HEROES OF ARMANTIA AND KOJI VILLAGERS | Challengers Games
- Gameloft Toronto staff laid off after studio 'substantially' reduces production activity | Game Developer
- Perfect World cuts staff in multi-unit layoffs, reportedly suspends game projects | Game Developer
- Network N lays off eight from games marketing agency Project N | GamesIndustry
- Gamurs Group reportedly lays off unknown number of staff | GamesIndustry
- EA execs earned $60 million in 2024 despite layoffs and office closures | Game Developer
INVESTMENT INTERLUDE
- Capcom Makes Minimum Studios Co., Ltd. a Subsidiary Through Share Acquisition | Capcom
- Keywords Studios reaches £2.2bn acquisition agreement with Swedish investment company EQT | GamesIndustry
- Daybreak Games, Singularity 6 to Collaborate on Development of Palia | Daybreak Games
- Arc System Works opens European branch | Arc Systems Works EU (@ASW_Official_EU) on Twitter
- Dutch publisher Mystic Forge nets €2 million to help indies get to market | Game Developer
- Kwalee makes minority investment in Devolver Digital | GamesIndustry
- PULLUP Entertainment Announces its results for the 2023/24 financial year | Pullup
- Series Entertainment and Pixelberry | Pixelberry
- Stellar Blade developer Shift Up raises $320m in IPO | GamesIndustry