Virtual Economy

Virtual Economy

The business of video games can be complicated. In each episode of Virtual Economy, hosts Amanda Farough and Michael Futter break down the biggest business news in the video game industry, feature expert commentary, and highlight up-and-coming indie projects.

Episodes

June 25, 2022 105 min

There was a lot to learn from the 2022 Keigh3 / Not-E3 / Game Mess showcases, and we’ve got beefy trend analysis for you! Also: NPD for May 2022, Microsoft takes more union-positive steps, EA and Ubisoft slash executive compensation, Activision shareholders do lots wrong (but one thing right), and a double FAFO!

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  • [00:01:...
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    GameStop revenues are up, but other indicators are looking ugly. Also, Microsoft takes steps toward supporting unions, Xbox cloud gaming evolves, EA tries to repair Pride damage and more. 

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    TIME STAMPS

  • [00:00:29] - GameStop Earnings
  • [00:06:35] - Investment Interlude
  • [00:10:15] - Quick Hits
  • [00:14:13] - Labor Report
  • [00:23:41] - The Xbox...
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    This episode is a bit of all of your faves. We have some interesting earnings stuff to discuss (Embracer Group, EG7, Thunderful, and CD Projket), the labor report is getting saucy, and we get to talk about funding for indies!

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    TIME STAMPS

  • [00:01:41] - Embracer Group Earnings
  • [00:15:12] - EG7 Earnings
  • [00:20:32] - Thunderful Group Earn...
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    There’s a right way to respond to a civil liberties crisis. PlayStation boss Jim Ryan went a different way. Also: NPD for April 2022, Raven workers vote to unionize as Activision Blizzard draws the NLRB’s ire, Sony discrimination lawsuit is back in play, developers revive anticompetition suit against Valve, Saudi Arabia takes a bite of Nintendo, and more.

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    As the video game industry matures, it's important that we preserve our history to understand where we've been and where we're going. In this conversation with two preservation-minded organizations, we welcome Josh Fairhurst and Joe Modzeleski from Limited Run Games, as well as Jonas Rosland, the Executive Director of video game preservation non-profit, Hit Save. The conversation covers the work both groups are doing in...

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    No really. They’ve sold 165 million copies. Do you really need more? It’s a busy earnings show, but we coast through it smooth as Strauss Zelnick’s haircut. On this episode: Zynga, Nintendo, Sony, EA, Roblox, Bandai Namco, Starbreeze, Remedy, Capcom, Unity, Sega, Square Enix, and Take-Two.

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    TIME STAMPS

  • [00:01:46] - Zynga
  • [00:08:58] -...
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    The game industry loves to trot out its support for Women’s History Month, but most companies are avoiding standing up for abortion rights. It’s time for developers and publishers to take a stand. Also: Paradox earnings, Fortnite is back on iOS and Android (thanks to Microsoft), the war for Turtle Beach, NYC sues Activision, and more.

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    Square Enix bids farewell to its western CEO and studios, but Embracer is ready to hug ‘em tight. Also: Sony makes the new PS+ even more confusing, Activision shareholders sign-off on acquisition, and more.

    You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:00:52] - Microsoft Q3 FY22 Earnings
  • [00:10:58] - Sony Makes Life Harder for Devs and PlayStation Plus Subsc...
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    QA workers at Activision-owned Raven Software have been given the go-ahead from the NLRB to unionize. Also: Hardware supply continues to be challenging according to latest NPD report, Nintendo is facing its own labor issues, and Sony scores a partial victory in court.

    You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:00:46] - NPD for March 2022
  • [00:27:35] - Investme...
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    It’s a rapid-fire episode, filled with nerdy chats about pen-and-paper RPGs, which $1-$2B company Jack Tretton is going to eat in a “SPACquisition”, and Gov. Gavin Newsom selling out workers for Activision.

    You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:01:47] - Investment Interlude
  • [00:24:38] - Quick Hits
  • [00:26:49] - Labor Report
  • SOURCES

  • Riot Games Tells Worker...
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    Chelsea Blasko returns to Virtual Economy to discuss Iron Galaxy’s expansion into Tennessee and the studio’s ongoing commitment to a healthy workplace.

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    In our first of three bonus episodes from GDC 2022, we’re joined by Odin Law’s Brandon Huffman and DLA Piper’s Ryan Black and Tyson Gratton to discuss labor issues, acquisitions, and the massive legal issues with the “play-to-earn” concept pushed by blockchain and NFT enthusiasts. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!

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    We’re back from GDC and we have a lot to discuss. This week: PlayStation Plus gets a makeover, Bobby Kotick’s buddies accused of insider trading, indie studio bad behavior in the spotlight, and Sony’s own labor issues mount as more women come forward.

    You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:02:19] - GDC 2022 Recap
  • [00:27:20] - GameStop Earnings
  • [00:42:00] -...
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  • Activision Blizzard is accused of participating in a cover-up related to the death of one of its employees at a company retreat. Also: An update on video game industry action over Ukraine crisis, Epic purchases Bandcamp, Intellivision in trouble, and more.

    Content Warning: We discuss a story that involves self-harm from 00:57:39 to 1:06:59.

    Note: We will be on hiatus until Late March / Early April due to an upcoming move. We'l...

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    We spoke with Oleksandr Molodkin from Kyiv-based developer Weasel Token about his family’s experience over the last week and what the game industry can do to assist Ukraine’s fight against Russia’s invasion.

  • Weasel Token’s Website: https://weaseltoken.com/
  • Wishlist Puzzles for Clef on Steam HERE
  • Charities Identified by Ukrainian Developers

  • National Bank of Ukraine - Armed Services Fund
  • Come Back Alive - Save a Life Fund
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    Let’s talk about Elden Ring! So… which class did you roll? Have you found any good weapons? Why is that angry giant shouting at me?! Oh wait… uh… shoot… news… um… OKAY! 

    Call of Duty hits some bumps, Nintendo makes an acquisition, Paradox and EG7 earnings, and how YOU can help fight discrimination in Texas and Florida and support Ukraine as it defends itself against Russia’s invasion. 

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    It’s almost time to say goodbye to the 3DS and Wii U eShops… but what about all that lost software? Also: Microsoft moved fast to acquire Activision when stocks tanked, Team17 promises change, Paradox has hard work ahead, and the NLRB hears arguments on Raven QA unionization.

    You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:00:48] - Nintendo Sunsetting 3DS, Wii U ...
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    Earnings season continues! In this episode, we breakdown Sega, Remedy, Zynga, Roblox, Starbreeze, and Embracer Group’s latest earnings.

    Support our growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:01:25] - Sega
  • [00:07:02] - Remedy
  • [00:10:31] - Zynga
  • [00:19:54] - Roblox
  • [00:32:34] - Starbreeze
  • [00:44:59] - Embracer Group
  • SOURCES

  • CONSOLIDATED FINANCIAL STATEMENTS [Japanese GAAP] | Sega Sammy
  • Fiscal Year...
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    Team17’s decision to dabble in NFTs has empowered employees to talk about the company’s history of workplace problems. Also: Trouble at Intellivision, Microsoft gets ahead of regulation, and SPACs run into problems…

    You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:01:20] - Intellivision in Trouble
  • [00:27:34] ...
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    It's the first bonus earnings episode of the quarter. On this show: Microsoft (and Activision), Capcom, Sony (and Bungie), EA, Nintendo, Unity, Square Enix, and Take-Two. WHEW!

    You can watch the streamed VOD of this episode at Twitch.tv/VirtualEconomy and support our growth via our Ko-Fi and also purchase Virtual Economy merchandise!

    TIME STAMPS

  • [00:3:15] - Microsoft 
  • [00:17:22] - Activision
  • [00:27:19] - Capcom
  • [00:37:36] - Sony
  • [0...
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