Virtual Economy
We’re breaking up with Xbox. It’s not us, it’s you. More layoffs, closed (and practically closed) studios, shuffling of IP, and fawning executives that are trying to convince you that everything’s just ducky, when it’s really f… you get the point. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:39] - PAX West / PAX Rising Recap [00:17:07] - Xbox Continues its Catastrophic Downfall [00:33:54] - Investment Interlude [00:41:58] - Quick Hits [00:47:14] - Labor Report [00:58:13] - Indie Game of the Episode SOURCES INVESTMENT...
info_outlineVirtual 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] -...
info_outlineVirtual Economy
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...
info_outlineVirtual Economy
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 ...
info_outlineVirtual Economy
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....
info_outlineVirtual Economy
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 ...
info_outlineVirtual Economy
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]...
info_outlineVirtual Economy
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] -...
info_outlineVirtual Economy
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...
info_outlineVirtual Economy
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]...
info_outlineUbisoft 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 Ko-Fi and also purchase Virtual Economy merchandise!
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 Class Action Suit
- [00:29:41] - Ubisoft in Disarray
- [00:52:38] - Investment Interlude
- [00:57:23] - Quick Hits
- [01:02:13] - Labor Report
SOURCES
- That's No Moon Ex-CEO Hijacked Domain And Caused A $1M Problem, Cofounders Say In Lawsuit | Aftermath
- Valve Fails To Get $900m Class Action Lawsuit Over Pricing Thrown Out | Kotaku
- UBISOFT ANNOUNCES A MAJOR ORGANIZATIONAL, OPERATIONAL AND PORTFOLIO RESET TO RECLAIM CREATIVE LEADERSHIP AND RESTORE SUSTAINABLE GROWTH | Ubisoft
- Ubisoft Employee Claims He’s Placed on Unpaid Suspension for Criticising Return-to-Office Policy | Insider Gaming
- Ubisoft Fires Team Lead For Criticising Stupid Return-To-Office Mandate | Aftermath
- Ex-Assassin's Creed boss Marc-Alexis Côté sues Ubisoft after his surprise and "disguised dismissal" | Eurogamer
- We are shutting it down:' Ubisoft unions call for international strike | Game Developer
INVESTMENT INTERLUDE
- Industry networking platform MeetToMatch acquired by 1SP Agency | GamesIndustry
- Indie publisher Pixel Doors launches with a 'developer-first' mindset | Game Developer
LABOR REPORT
- Update on our organization | Amazon
- Christoph Hartmann Out at Amazon | Jason Schreier on Bluesky
- Report: ProbablyMonsters lays off devs while unveiling Nazi hunting game | Game Developer
- Wildgate maker Moonshot laying off unspecified number of staff | GamesIndustry
- Update: Payday developer Starbreeze pushes ahead with 'new wave' of layoffs | Game Developer
- Report: NetEase Games is cutting jobs in Montreal | Game Developer
- Studio that developed the infamous Mighty No.9 has shut down for good | Eurogamer
- Anime action RPG studio Pahdo Labs shuts down despite accruing $17.5M in funding: 'We believed making a demo of a familiar but new game would be our best shot' | PCGamer
- Tencent subsidiary Sumo Digital is making layoffs | Game Developer
- MMORPG Ashes of Creation Suddenly Implodes 52 Days After Steam Early Access Launch | WCCFTech
- Ashes Of Creation Dev Details $3.2 Million Kickstarter Studio’s Shocking Collapse: ‘None Of Us Are Receiving Our Final Paychecks’ | Kotaku
- Blizzard QA Workers’ Newly Ratified Union Contract Locks In Pay Increases, Better Benefits | Aftermath