Episode 195: The Quarter Billion Dollar Subnautica Showdown (News Show)
Release Date: 07/26/2025
Virtual Economy
In 2021, Krafton splashed huge cash on Subnautica dev Unknown Worlds. Now, the publisher may find out that buyer’s remorse isn’t a reason for violating a contract. Also… Ubisoft Earnings Circana Reports for May and June 2025 Sony takes a bite out of Bandai Namco On this episode, we discussed a serious attack on artist freedom being perpetrated by payment processors Mastercard and Visa. This attack is motivated by an Australian Christofacist group called Collective Shout that, among other things, does not believe adults should have bodily autonomy. If you would like your voice...
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Following 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 and also purchase! 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...
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With our Switch 2 in-hand, we’re ready to give you our early feelings about the console in this challenging market. Also: SO many earnings. Like… SO many. Nintendo, Sony, EA, Take-Two, Remedy, Embracer Group, Paradox, Square Enix, Capcom, and Sega. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:05:02] - Switch 2 Impressions [00:41:28] - Nintendo FY25 Earnings [00:47:16] - Sony FY24-25 Earnings [00:51:17] - EA Q4 and FY25 Earnings [00:56:43] - Take-Two Q4 and FY25 Earnings [01:04:24] - Remedy Q1 FY25 Earnings [01:07:57] - Embracer Group Q4 and...
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PAX East isn’t the show it was 10 years ago. With most AAA developers staying away, indies take center stage. Also: Circana report for April 2025, GameStop sells off its Canadian holdings, Curve Games has a new owner, the SAG-AFTRA voice performer strike enters the endgame, and much more. We’ve also got a pair of great listener questions! You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:03:10] - Circana Report on U.S. Video Game Spending for April 2025 [00:17:36] - PAX East Recap [00:52:48] - Investment Interlude [01:09:12] - Quick Hits [01:17:15]...
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Microsoft is jacking prices on hardware, software, and peripherals. With costs going up while interest in Microsoft’s offerings declining, we have to wonder if Microsoft is applying pressure to push Game Pass. Also: Circana report on U.S. Video Game Spending for March 2025, Apple scores an own-goal and pisses off the Court, the tabletop industry is in freefall, and EA lays off another 300 to 400 people. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:1:31] - GTA 6 Delay [00:12:06] - Circana for March 2025 [00:17:43] - Devolver Digital Investor...
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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...
info_outlineIn 2021, Krafton splashed huge cash on Subnautica dev Unknown Worlds. Now, the publisher may find out that buyer’s remorse isn’t a reason for violating a contract.
Also…
Ubisoft Earnings
Circana Reports for May and June 2025
Sony takes a bite out of Bandai Namco
On this episode, we discussed a serious attack on artist freedom being perpetrated by payment processors Mastercard and Visa. This attack is motivated by an Australian Christofacist group called Collective Shout that, among other things, does not believe adults should have bodily autonomy.
If you would like your voice heard, here are some resources:
A compiled resource document by @voiddebris.bsky.social
Petitions
Mastercard
Phone (US): 1-800-627-8372
Phone (outside US): 1-636-722-7111
Visa
Phone (US): 1-800-847-2911
Some important tips:
Phone calls are more impactful than emails. Do not let support reps push you to email, where keywords can filter out your concerns.
Keep support reps on calls as long as possible. This creates meaningful and measurable dips in call center productivity that management WILL notice.
Call multiple times with the same case number. Call center KPIs include clearing tickets in as short a time and in one call. This is another metric that will grab leadership attention. The service impact should be sustained for at least a month says workforce management professional Elliot Wilson on Bluesky.
You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!
TIME STAMPS
- [00:02:59] - Ubisoft Earnings
- [00:11:08] - Circana Reports on U.S. Video Game Spending for May and June 2025
- [00:22:28] - Unknown Worlds v Krafton
- [00:35:10] - Mastercard and Visa are Ramping Up Their Censorship (Steam, Itch.io)
- [00:43:54] - Investment Interlude
- [00:48:01] - Quick Hits
- [00:50:25] - Bonus Investment Interlude
- [01:02:16] - Labor Report
SOURCES
- Ubisoft Q1 FY26 Earnings | Ubisoft
- Ubisoft Names Co-CEOs of Spinoff | Variety
- KRAFTON ANNOUNCES GAMING INDUSTRY VETERAN STEVE PAPOUTSIS AS NEW CEO OF UNKNOWN WORLDS | Krafton
- Krafton Delays ‘Subnautica 2’ Game Ahead of $250 Million Payout | Bloomberg (Paywall)
- Fortis Advisors v. Krafton via Aftermath | Scribd (Nicole Carpenter)
- Steam cracks down on some sex games to appease payment processors | Ars Technica
INVESTMENT INTERLUDE
- Bandai Namco and Sony Sign Strategic Partnership | Bandai Namco
- Gamefound acquires Indiegogo | Gamefound
- ‘Subnautica 2’ Publisher Krafton Acquires ‘Last Epoch’ Developer Eleventh Hour Games for $96 Million | Variety
LABOR REPORT
- Tom Clancy, Star Trek: Bridge Crew Studio Ubisoft Red Storm Lays Off 19, Citing 'Global Cost-saving Efforts' | IGN
- Virtuos confirms it's laying off 270 workers across Asia and Europe | Game Developer
- Secret 6 Has Been Closed | Patricia Pérez Menéndez on LinkedIn
- Secret 6 Madrid workers call off strike after agreeing severance terms with Testronic | Game Developer
- Report: Wardogs developer Bulkhead is laying off workers | GamesIndustry
- Airship Interactive entered administration earlier this month | GamesIndustry
- Report: Wayfinder developer Airship Syndicate is laying off staff | Game Developer
- Dark Sky Studio Ganymede Games is Shutting Down | Jerry Prochazka on LinkedIn
HELP OUR GREG WITH HIS MASTERS DISSERTATION!
Our lead moderator and King of Game Showcases, Greg Alderton, is working on his masters dissertation. As part of that, he’s conducting research on cozy spaces in games. We’d be delighted if you’d help him by participating in the research phase.
All you need to do is download a small file from Itch.io here, take a few minutes to experience the two spaces included, and fill out a short form here. Thank you for helping Greg!