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...
info_outline Episode 186: Unalive Service (Season Premiere - News Show)Virtual Economy
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...
info_outline Episode 185: Survive Through ‘25 (News Show)Virtual Economy
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...
info_outline Episode 184: Call of Duty Saves the Month… On PlayStation (News Show)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:] -...
info_outline Episode 183: The Cold Embrace(r) (News Show)Virtual Economy
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] -...
info_outline Episode 182: We Carry On… Together (News Show)Virtual Economy
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...
info_outline Episode 181: Roblox Remains Icky as Heck (News Show)Virtual Economy
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_outline Episode 180: Ubisoft in Freefall (News Show)Virtual Economy
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...
info_outline Episode 179: The $700 PS5 Pro Is An Act of Desperation (News Show)Virtual Economy
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....
info_outline Episode 178: EA Sports College Football Saves the Month (News Show)Virtual Economy
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_outlineThe 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 Ko-Fi and also purchase Virtual Economy merchandise!
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 Protection Bureau turns its eye to premium game currency
- [00:26:15] - The U.S. Federal Trade Commission sets new precedent regarding sales of loot boxes
- [00:37:16] - Investment Interlude
- [00:48:47] - Quick Hits
- [00:54:39] - Labor Report
SOURCES
- US designates Tencent and CATL as Chinese military companies | The Verge
- LFG (Looking for gamers): CFPB wants to hear about your video game loot | Consumer Financial Protection Bureau
- CFPB Seeks Input on Digital Payment Privacy and Consumer Protections | Consumer Financial Protection Bureau
- Banking in video games and virtual worlds | Consumer Financial Protection Bureau
- Genshin Impact Game Developer Will be Banned from Selling Lootboxes to Teens Under 16 without Parental Consent, Pay a $20 Million Fine to Settle FTC Charges | U.S. Federal Trade Commission
INVESTMENT INTERLUDE
- Ex-Annapurna Video-Game Staff to Absorb Former Take-Two Indie Label | Bloomberg (Paywall)
- Strategic Update | Ubisoft
- ANALYSIS: Ubisoft Faces Its Most Challenging Year in its History | Insider Gaming
- Tencent, Guillemot Family Said to Mull Ubisoft Asset Venture | Bloomberg (Paywall)
- NetEase pulls funding for another studio: Former Halo Infinite design head says Jar of Sparks is 'halting work' while it looks for a new publisher | PC Gamer
- Maximum Entertainment divests Merge Games assets to Silver Lining | GamesBeat
LABOR REPORT
- Suicide Squad: Kill the Justice League developer Rocksteady hit by end-of-year layoffs | Eurogamer
- The First Gaming Layoffs Of 2025 Have Happened | Insider Gaming via YNA
- EXCLUSIVE – Cloud Imperium Games Undergoes Major Shake-Up to Hit Deadlines | Insider Gaming
- GameStop is Silently Shutting Down More US Stores | Insider Gaming
- Robocraft 2 developer Freejam shuts down | Game Developer
- Splash Damage is Ending Development on Transformers: Reactivate and Scaling Down | Splash Damage on Twitter
- Toadman Interactive has been Closed by Daybreak | Senol Kandemir on LinkedIn
- Microsoft conducts 'small' layoffs across various divisions | Game Developer
- VR studio Soul Assembly has laid off 15 percent of its workforce | Game Developer
- Group Customer Harassment Policy | Square Enix
- STJV union calls for extended strike at Don't Nod with layoffs looming | Game Developer