Episode 178: EA Sports College Football Saves the Month (News Show)
Release Date: 08/30/2024
Virtual Economy
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...
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A scathing report from Hindenburg Research surfaces shocking realities about Roblox’s investor relations and massive failures to protect youth on the platform. Also: Circana Report U.S. video game spending for August 2024, Google is now required to make external app stores more viable, and more. 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 one time purchase of Magic Mind or up to...
info_outlineWe 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 Ko-Fi and also purchase Virtual Economy merchandise!
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] - Take-Two Q1 FY25 Earnings
- [00:57:16] - Embracer Group Q1 FY25 Earnings
- [01:02:14] - WB Eyes Games Division Sell-Off
- [01:11:39] - Investment Interlude
- [01:19:06] - Quick Hits
- [01:25:32] - Labor Report
SOURCES
- Square Enix Financial Results Briefing Session | Square Enix
- Nintendo Consolidated Results for the Three Months Ended June 30, 2023 and 2024 | Nintendo
- Sony FY2024 Q1 Earnings Announcement | Sony
- Remedy Entertainment Plc: Half year financial report | Remedy
- Sega Q1 for the Fiscal Year Ending March 2025 Results Presentation | Sega Sammy
- Take-Two Interactive Software, Inc. Reports Results for Fiscal First Quarter 2025 | Take-Two
- Embracer Group publishes Interim Report Q1 | Embracer Group
- Report: WB Discovery looking to sell off games, other divisions to prevent total breakup | Game Developer
- Mobile dev Shipyard Games shuts down | Game Developer
- Meta shuts down Quest developer Ready at Dawn | Game Developer
- VR studio Archiact is closing down | GamesIndustry
- 5BY5 Interactive has Closed | Ty Buser on LinkedIn
- Ubisoft cuts 45 jobs across Cary and San Francisco teams | Game Developer
- Visual Concepts lays off staff at Lego 2K Drive South studio | Game Developer
- Payload Studios lays off 25% of staff | GamesIndustry
INVESTMENT INTERLUDE
- KRAFTON Strengthens Global Presence Through Strategic Integration of Tango Gameworks and Hi-Fi RUSH IP | Krafton
- Virtuos expands into the UK with acquisition of Third Kind Games | Virtuous
- North Beach Games Opens Prague Studio; Announces Stranded Deep 2 | North Beach Games
- Publisher Headup Spins off Developer Goon Squad into Fully Independent Studio | Games Press
- Reforged Studios does a double acquisition, buys Ground Shatter and Extra Mile | Game Developer