Virtual 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 ...
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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 ...
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Warner Bros. is selling itself like a $1.50 hot dog at Costco, and everyone wants a bite. Before the weekend, Netflix looked like it had a clear path to regulatory review. But now, New Paramount is taking a swing with a hostile takeover. Things are about to get ugly. Regardless of who wins, though, we lose. Consolidation continues and consumers pay the price. Also: Nintendo, Square Enix, Take-Two, Embracer Group, and Sony earnings; Circana’s report on U.S. video game spending for October 2025; and another grim labor report. You can support Virtual Economy’s growth via our and also...
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We’re joined by two special guests on this milestone episode. Please welcome Andy Pan (the only person who has previously co-hosted a show with us) and Greg Alderton, Virtual Economy’s lead moderator! With 14,000 people laid off, studios shuttered, and projects abandoned, Amazon seems ready to give up on most or all of its gaming dreams. Also: EA earnings ride off into the sunset, Capcom posts a strong quarter, Remedy’s in trouble, and Microsoft is inscrutable. Also: Sony responds to Tencent’s request to dismiss the Light of Moritram lawsuit, Circana report on U.S. video game spending...
info_outlineVirtual Economy
We’re joined by two special guests on this milestone episode. Please welcome Andy Pan (the only person who has previously co-hosted a show with us) and Greg Alderton, Virtual Economy’s lead moderator! With 14,000 people laid off, studios shuttered, and projects abandoned, Amazon seems ready to give up on most or all of its gaming dreams. Also: EA earnings ride off into the sunset, Capcom posts a strong quarter, Remedy’s in trouble, and Microsoft is inscrutable. Also: Sony responds to Tencent’s request to dismiss the Light of Moritram lawsuit, Circana report on U.S. video game spending...
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With prices skyrocketing this generation, Microsoft has increased costs on Game Pass’ top tier while cutting offerings on others. We discuss the broader implications as price-sensitive players get boxed out. Also: Unity security alert sends devs scrambling, Tencent fires back at Sony’s Horizon: Zero Dawn lawsuit, and private equity rears its head once more. You can support Virtual Economy’s growth via our and also purchase! TIME STAMPS [00:01:40] - Game Pass Price Hike Hits Hard [00:29:53] - Unity Security Flaw Alert [00:32:53] - Tencent Hits back at Sony’s Horizon: Zero Dawn...
info_outlineRyan 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 Ko-Fi and also purchase Virtual Economy merchandise!
TIME STAMPS
- [00:01:41] - Circana Report on U.S. Video Game Spending for March
- [00:15:42] - Microsoft Q3 FY26 Earnings,, and
- [00:24:01] - Xbox Leadership Shakeup
- [00:33:14] - Former Art Director at Halo Studios Alleges Unlawful Conduct and Harassment
- [00:39:03] - Games Sue Nintendo to Recapture Tariff Fees & U.S. Patent Office Revokes Nintendo Patent
- [00:41:40] - Electronic Arts Earnings for Q4 FY26 and Full Year FY26
- [00:44:45] - Remedy Earnings for Q1 FY26
- [00:48:45] - Investment Interlude Headline Story: GameStop’s Ryan Cohen Makes Unhinged Offer for eBay (and Bombs CNBC Interview)
- [01:04:05] - Investment Interlude
- [01:08:47] - Quick Hits
- [01:29:00] - Labor Report
SOURCES
- Microsoft Q3 FY26 Earnings | Microsoft
- Former Halo Art Director Accuses Microsoft of Harassment (Part 1) | Glenn Israel on LinkedIn
- Former Halo Art Director Accuses Microsoft of Harassment (Part 2) | Glenn Israel on LinkedIn
- Electronic Arts Reports Q4 and FY26 Results | EA
- Gamers Sue Nintendo To Get Tariff Money Back | Aftermath
- US patent office revokes Nintendo’s patent on summoning characters to make them battle | VGC
INVESTMENT INTERLUDE
- GameStop Proposes to Acquire eBay at $125.00 Per Share | GameStop
- Watch CNBC's full interview with GameStop CEO Ryan Cohen | CNBC
- Warner Bros. shareholders "overwhelmingly" back Paramount's $111bn acquisition | GamesIndustry
- Shift Up has acquired Resident Evil creator Shinji Mikami's new studio | Game Developer
- Sony Interactive Entertainment Acquires Cinemersive Labs | Sony
- Atari acquires emulation studio Implicit Conversions | Game Developer
- Pearl Abyss sells CCP back to its CEO for less than half what it paid, plus $20 million in crypto | GamesIndustry
LABOR REPORT
- Sony shuts down Dark Outlaw Games and downsizes mobile games development as PlayStation continues to rethink plans | Eurogamer
- Wanderstop Developer Ivy Road is Shutting Down | Ivy Road
- Seeker Entertainment is Pausing Production, Furloughing Team | Seeker Entertainment
- Four Nacon subsidiaries file for insolvency | GamesIndustry
- GreedFall: The Dying World studio Spiders is reportedly closing its doors after parent company Nacon failed to find a buyer | Eurogamer
- Embracer Lays off 124 at Eidos-Montreal | Eidos-Montreal on LinkedIn
- EXCLUSIVE: Eidos Montreal Cancels 7+ Year In-Development Title That Cost Hundreds of Millions | Insider Gaming
- VR developer Polyarc Games facing layoffs, unspecified number of employees affected | GamesIndustry
- MechWarrior studio Piranha Games lays off 30% of its employees | PC Gamer
- Iron Galaxy lays off more people, says it still had too many employees even after 2025's 'last resort' cuts | PC Gamer
- Dead by Daylight studio Behaviour Interactive confirms layoffs | Game Developer
- Neill Blomkamp’s blockchain studio Gunzilla Games hasn’t paid some staff ‘for many months’, employees allege | VGC
- Gunzilla CEO Denies Claims Of Not Paying Staff, Rants About ‘Haters,’ And Brags About Crunch
- MindsEye studio faces new legal action over employee surveillance software that workers' union alleges was 'recording individuals in their homes and without their consent' | PC Gamer
- MindsEye Studio Hit With More Mass Layoffs Just As It Was Promising A Turnaround | Kotaku
- Paste Ends The Games Coverage That Gave So Many Writers Their Start | Aftermath
- Ubisoft Settles With Developers Who Were Laid Off After Unionizing | Kotaku
- Announcing United Wizards of the Coast - CWA! | CWA