Virtual Economy
We’ve been head-down doing developer things (more on that very soon)! That makes this quite the episode. Earnings! Circana! EA is now privately held! Microsoft is biffing it! Roblox is screwed! And much, much, much more! You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:03:36] - Circana Report on U.S. Video Game Spending for July 2026 [00:17:45] - Microsoft Q4 FY26 Earnings, Console Price Hikes [00:32:02] - Sony Q1 FY27 Earnings [00:39:25] - Nintendo Q1 FY27 Earnings [00:47:34] - Capcom Q1 FY27 Earnings [00:52:57] - Sega Q1 FY27 Earnings [00:59:00] -...
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Joining us on this episode is friend of the show Mat Piscatella, Executive Director and Video Game Industry Adviser at Circana. Our discussion includes the state of the industry, the component crisis and hardware costs, first party’s changing strategy to focus on the biggest spenders, and just what the heck is going on at Xbox and PlayStation. Despite the worrying state of affairs, we also discuss our hopes for the future. Games will always be an art form, and as long as people are playing, artists will continue to pour their hearts into their craft. You can support Virtual Economy’s...
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Since 2022, the industry has slid into chaos and disarray, with developers and players abandoned by platform holders and publishers. Now, we’ve reached a tipping point, and only we can rescue ourselves. We’ll discuss Microsoft’s self-inflicted destruction, Sony’s anti-preservation attacks, and the ESA’s assault on consumers. Also: Steam Machine pricing, Krafton cowed, Ubisoft makes a catastrophic leadership hire amidst layoffs, and Ryan Cohen’s toilet thoughts become part of government record. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS ...
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Between GameStop and Ryan Cohen’s clownery and new Xbox leadership’s 100-day death march, it’s another grim moment for the game industry. Former OpenAI head (now Xbox CEO) Asha Sharma laments the hardware crisis caused by… AI. We’re all trying to find the guy that did this, after all. Look… Sharma is no doubt a sin eater, but as she perches herself on the glass cliff, how many people will suffer? Also: Ubisoft attempts to embargo news of studio closures and layoffs, Destiny 2 rides into the sunset, and… it’s earnings time, so we get to talk about why profits don’t save jobs....
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Ryan Cohen was only offered store credit as trade-in value for his time as GameStop CEO, so he’s trying to buy eBay in one of the most foolish business moves we’ve ever seen. Also: Circana Report on U.S. Video Game Spending for March 2026, Microsoft, EA, Remedy, Earnings, the latest labor happenings, and Pearl Abyss dumps CCP for half of what it paid for it. Half Cash, Half Stock. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:41] - Circana Report on U.S. Video Game Spending for March [00:15:42] - Microsoft Q3 FY26 Earnings,, and ...
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With Epic laying off 1,000 people, the game industry job market has gone from “extremely chilly” to “nearing absolute zero.” Also: a recap of GDC’s challenged year, Circana Report on U.S spending for February 2026, some interesting new investments, NetEase divestments, and a heckin’ FAFO. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:00:50] - GDC 2026 Recap [00:25:51] - Circana Report on US Video Game Spending for February 2026 [00:35:02] - Nintendo Sues US Government Over Tariffs [00:36:55] - Pokemon Company v. US Government [00:38:24]...
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This was supposed to be a show just about earnings. All we wanted to do was cover the earnings… but Sony closed Bluepoint, Nintendo is releasing $20 Pokemon ROMs, and Microsoft appears to have ousted Phil Spencer and Sarah Bond. Every first party is stepping on rakes. Get your coffee… this is gonna be a thing. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:01] - Circana Report on US Video Game Spending for January 2026 [00:06:51] - Microsoft Earnings Report for Q2 FY2026 [00:16:39] - Sony Earnings Report for Q3 FY2026 [00:25:46] -...
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Ubisoft employees are prepared to strike over a recent return-to-office mandate and extreme cost-cutting. Also: Circana Report on U.S. Video Game Spending for December 2025 and full year 2025, That’s No Moon at odds with former founder, Amazon Games suffers another blow, and Ashes of Creation dev Intrepid implodes. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:04] - Circana Report on U.S. Video Game Spending for December 2025 and Full-Year 2025 [00:12:00] - That’s No Moon Co-Founder Causes $1M Problem [00:21:09] - Valve Faces Down Another...
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2026 is putting us through our paces right out of the gate. We’re hanging onto hope, but layoffs, consolidation, and private equity loom over us like a shadow. On this episode: an update on Paramount’s desperate fight for Warner Bros. Discovery, Saudi Arabia moves video game holdings, and VR’s challenges get much larger. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:02:35] - A conversation about hardware prices [00:10:16] - Paramount sues Warner Bros for Netflix deal details [00:15:39] - Investment Interlude [00:24:13] - Quick Hits [00:28:07]...
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2025 has continued the trend of layoffs, consolidation, and privatization. The gulf between AAA and everyone else is widening, as the AI bubble strains before an inevitable burst. With November’s Circana report coming in bleak after months of stronger performance, 2026 will continue to challenge us all. BUT... there is reason to hope. Unions are growing in number and reach and studios doomed by AAA mega-corps are finding a way to survive. We need to stick together to not only survive, but thrive. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS ...
info_outlineFollowing strong financial performance in its gaming division, Microsoft is taking a machete to its work force and its future as a serious competitor. Is this the brand’s Red Ring of Death? Also, Bungie runs from Marathon, Warner Bros. goes all-in on safe IP, and the labor report hurts even more than usual.
You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!
TIME STAMPS
- [00:03:59] - Sony Games & Network Services Update
- [00:16:09] - Marathon Delayed Indefinitely
- [00:27:51] - Sony Brings Four Games Back to 177 Countries
- [00:30:18] - Cleer Arc 3 Gaming Review
- [00:37:52] - Investment Interlude
- [00:42:27] - Quick Hits
- [00:59:46] - Labor Report
SOURCES
- Game & Network Services Segment | Sony
- Marathon Development Update | Bungie
- Sony removes regional restrictions on four of its biggest games on Steam | PC Gamer
- Tencent owns 15% of Helldivers 2 studio Arrowhead, it has emerged | VGC
INVESTMENT INTERLUDE
- Sensor Tower Acquires Playliner to Expand Live Ops Intelligence Across Mobile Gaming | Sensor Tower
- Warner Bros. Games Restructures Into Divisions Based on ‘Game of Thrones,’ Harry Potter, ‘Mortal Kombat’ and DC Universe | Variety
LABOR REPORT
- Microsoft Begins Deep Job Cuts Across Xbox Division | Bloomberg (Paywall)
- Microsoft to lay off as many as 9,000 employees in latest round | Seattle Times
- Lost Records and Jusant developer Don't Nod is laying off staff | Eurogamer
- Bloodlines 2 developer The Chinese Room has laid off employees, but Paradox says the game is still coming in October | PC Gamer
- Hypixel Studios has Canceled Hytale and Will Wind Down | Hypixel Studios on Twitter
- MindsEye Developer Build a Rocket Boy Begins Layoff Process Amid Disastrous Launch, Studio Sources Say | IGN
- MindsEye Dev's UK Workforce of Around 300 Receive At-Risk Emails as Former GTA Lead Leslie Benzies Finally Addresses Staff | IGN
- Cyan Worlds Has Gone Through Another Round of Layoffs | Cyan Worlds on Bluesky
- Studio Camelia has Closed | Studio Camelia on LinkedIn
- Star Wars: Hunters Publisher Shutters Studio Founded by Torchlight, Diablo Creator Before It Could Announce Its New Game | IGN
- People Can Fly Undergoes Layoffs | People Can Fly on LinkedIn
- Major layoffs at Playtika with up to 160 jobs cut on Best Fiends and Redecor teams | MobileGamer.biz
- Subway Surfers Blast developer Outplay Entertainment has laid off 21 workers | Game Developer
- RuneScape studio Jagex lays off an undisclosed number of 'non-player facing' staff | Game Developer
- Cult of the North Shutting Down | Adam Schaub on LinkedIn
- Report: Return to Moria developer Free Range Games lays off 80 people | Game Developer
- Sony is making layoffs at Days Gone developer Bend Studio | Game Developer
- French court convicts ex-Ubisoft bosses for workplace harassment | AFP
- Video Game Workers Reach Historic Tentative Contract Agreement with Microsoft | CWA