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.... Show More

Episodes

February 20, 2021 101 min

Keith Gill, better known as WallStreetBets’ “DeepF*ingValue” and “RoaringKitty”, testified before congress and has been sued by angry GameStonk investors. We also discuss Phil Harrison’s failed leadership and purposely misleading Stadia developers, Microsoft’s enhanced accessibility offerings, Starbreeze’s turnaround, and Apple trying to rope Valve into its defense.

TIME STAMPS

  • [00:00:35] - PS5 DualSense Class Action Suit
  • [00:02:35]...
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    In our second earnings show of the quarter, we’re breaking down Bandai Namco, Take-Two, Zynga, Sega Sammy, and Ubisoft.

    TIME STAMPS

  • [00:01:07] - Bandai Namco
  • [00:12:26] - Take-Two
  • [00:24:03] - Zynga
  • [00:36:41] - Sega Sammy
  • [00:41:59] - Ubisoft
  • SOURCES

  • Bandai Namco Q3 FY2021: https://www.bandainamco.co.jp/cgi-bin/releases/index.cgi/en/press/10157?entry_id=7066
  • Take-Two Interactive Q3 FY2021: https://ir.take2games.com/news-releases/...
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    February 13, 2021 77 min

    With the pandemic still hanging on, a new report corroborates and expands on news we broke in December: E3 is going digital (and it won’t be cheap). Also: EA buys Glu Mobile, Epic scores Kingdom Hearts, CD Projekt hit with a ransomware attack, NPD for January 2021, and more.

    TIME STAMPS

  • [00:01:07] - Skybound is partnering with Striking Distance Studios
  • [00:07:02] - After being locked out of Google accounts, Terraria dev cancels Stad...
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     It’s financial reporting season again! We’re breaking down Square Enix, Activision Blizzard, Sony, Unity, EA, and Nintendo. The game industry has thrived during the pandemic, but can it last?

    TIME STAMPS

  • [00:01:57] - Square Enix
  • [00:09:39] - Activision Blizzard
  • [00:21:30] - Sony
  • [00:31:44] - Unity
  • [00:36:37] - EA
  • [00:53:27] - Nintendo
  • SOURCES

  • Financial Results Briefing Session (Square Enix): https://www.hd.square-enix.com/eng/ir/pdf/2...
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    With the news that Stadia’s first-party development is kaput, we discuss what may lie ahead for Google’s gaming aspirations. Also: WB’s Nemesis system patent, the Gearbox acquisition, Kowloon Nights’ indie funding blitz, and a little bit more GameStonk news.

    TIME STAMPS

  • [00:01:00] - Warner Bros. frustrates development community with Nemesis system patent
  • [00:17:15] - Valve sued for using pricing demands to maintain market dominance
  • [...
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    It’s been one week since Reddit memefied GameStop’s stock. We break down what’s happened, how Wall Street is closing ranks, and why it all could hurt retirement investors. We also discuss Activision’s anti-diversity moves, EA’s new Skate studio, Epic Games Store’s big 2020, Microsoft and Capcom earnings, and more.

    TIME STAMPS

  • [00:01:56] - Konami restructures (but isn’t getting out of video games)
  • [00:05:38] - EA opens Full Circle to...
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    GameStop stock jumped 80% as Redditors threw down with a short-seller analyst firm. We also discuss the Xbox Live price hike, Vicarious Visions’ new home at Blizzard, the EU fining Valve and five publishers, and more.

    TIME STAMPS

  • [00:01:37] - MGI purchases KingsIsle Entertainment
  • [00:08:53] - Opera purchases YoYo Games
  • [00:14:05] - Team17 acquires Blacklight Interactive
  • [00:17:01] - Tencent makes significant investment in Klei
  • [00:20:5...
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    Lucasfilm Games is back, and we’re discussing what it all means. We also chat about GameStop’s holiday sales, December 2020 NPD, Steam’s year in review, Riot and Bungie going for the jugular in a lawsuit against a cheat app maker, the Moonrise Fund, 2020’s huge year of investment deals, and more Cyberpunk drama. 

    TIME STAMPS

  • [00:01:22] GameStop 2020 Holiday Sales
  • [00:12:22] Riot and Bungie Taking Down GatorCheats
  • [00:21:26] Glitch an...
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    New year. New season. Virtual Economy is back with a news-filled show covering more Cyberpunk 2077, Raw Fury dropping lots of business documents, our trends predictions for the year, Tencent’s takeover of Leyou, Nintendo’s Next Level Games purchase, and more.

    TIME STAMPS

  • [00:01:40] Cyberpunk 2077 sales and share value fallout
  • [00:12:33] Hey. Armed insurrection and an attempted coup of the United States is bad. Black Lives Matter. Tr...
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    CD Projekt has botched Cyberpunk’s launch to get it out the door in 2020. The follow-up has included empty refund promises and throwing platform partners under the bus. We discuss the financial reasons behind the rush and the impact the failures have had on the share price and company value.

    TIME STAMPS

  • [00:02:11] CD Projekt Red’s pattern of gaslighting and deception around Cyberpunk 2077
  • [1:03:00] Devotion announced and then immedi...
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    GameStop’s Earnings Saved By COVID Tax Credits (News Show): GameStop reports stronger earnings, but has a one-time tax credit to thank. We also discuss, Cyberpunk’s launch, Twitch’s new safety rules, Activision suing Netflix, and more. We’ll be listing timestamps for each topic moving forward for ease of listening! Enjoy!

    TIME STAMPS

  • 1:21 - GameStop earnings
  • 14:45 - Twitch - New conduct rules and enforcement
  • 40:15 - Activision is sui...
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    Event company ReedPop has announced ambitious dates for next year’s PAX shows. In an original report, we discuss exhibitor reactions to PAX Online, what went right and wrong, the price of exhibiting at PAX events, and what developers and publishers should consider when choosing which of the many events to allocate.

    In this episode

  • 1:28 - EG7 acquires three studios
  • 6:35 - Phoenix Labs relaunches Dauntless and expands
  • 9:25 - Fortnite: ...
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    Consultant, critic, and host Steve Saylor joins us to discuss the current state of accessibility in gaming and what the console launches got right (and wrong).

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    In this bonus episode, we discuss the emerging trends from the console launch and what we’re watching as the generation gets underway. How will the industry evolve around these consoles? Join us and find out what we’re paying attention to.

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    This terribly named episode is full of Capcom’s ransomware calamity, Apple’s scheming, and Embracer Group’s acquisition spree. Also: Paradox earnings, EA’s Impact Report, another Joy-Con lawsuit, and So. Much. News.

  • Apple will reduce App Store cut to 15 percent for most developers starting January 1st: https://www.theverge.com/2020/11/18/21572302/apple-app-store-small-business-program-commission-cut-15-percent-reduction
  • Get cleared...
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    In our first episode looking at the impact of the new console launches, we welcome But Why Tho's Kate Sanchez and Matt Donahue to discuss the intersection of hardware and game pricing and inclusion. We also have news, including Take-Two’s acquisition of Codemasters and a big chat about the Twitch/DMCA mess.

    If want to skip right to the launch conversation, jump ahead to 46 minutes.

  • Take-Two Interactive Software, Inc. Reaches Ag...
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    In our second big earnings show of the reporting period, we break down what went right at Nintendo, EA, and Take-Two, and what went… not so well at Sega and Square Enix. EA is about to make bank on its EA Play service thanks to its Game Pass partnership, while Take-Two continues to dismiss subscription as a viable piece of gaming’s future.

  • Nintendo Full Financial Release: https://www.nintendo.co.jp/ir/pdf/2020/201105e.pdf 
  • SegaSammy...
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    Sony is taking extraordinary precautions in the face of COVID-19. If you want a console this year, you’re going to need to purchase it online. With Xbox Series X and PS5 out next week, we look at a few things players can expect.

  • Curve Digital acquires IronOak Games (GamesIndustry): https://www.gamesindustry.biz/articles/2020-11-02-curve-digital-acquires-ironoak-games 
  • Acclaim cofounder Gregory Fischbach starts publisher Accelerate ...
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    It’s a new season of earnings reports, and we’ve got what you need to know about Microsoft ($MSFT), Sony ($SNE), Capcom, Ubisoft, and Activision ($ATVI). We’re looking at trends as we head into the next generation of console hardware.

  • Capcom Q2 FY2021 Earnings (Capcom): http://www.capcom.co.jp/ir/english/news/html/e201029b.html 
  • Sony Q2 FY2020 Consolidated Financial Results (Sony): https://www.sony.net/SonyInfo/IR/library/presen/er...
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    CD Projekt Red has continued to prioritize product over people. We discuss the dishonesty around the game’s development and how 21 more days of development is 21 more days of crunch. We also discuss the benefits and problems with GameStop’s FlexPay program, the RIAA’s battle with Twitch, and Facebook’s play for more user data with its new cloud gaming services.

    Twitch, Amazon Slammed by RIAA and Major Industry Groups for Using Unli...

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