Virtual Economy

Episode 161: Phil Spencer is Bobby Kotick's Daddy Now (News Show)


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With Microsoft's Activision acquisition closed, the Xbox leadership team has reorganized in some unexpected ways. Also: Microsoft and Capcom earnings, more layoffs, Paradox says goodbye to Harebrained Schemes, Unity boots John Riccitiello, and we have the latest Circana report on U.S. Game spending.

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TIME STAMPS

  • [00:02:49] - Circana report on U.S. Video Game Spending for September 2023
  • [00:17:47] - Unity gives John Riccitiello the boot
  • [00:24:16] - Microsoft Q1 FY24 Earnings
  • [00:36:51] - Capcom Q2 FY24 Earnings
  • [00:42:31] - Investment Interlude
  • [00:52:41] - Quick Hits
  • [01:03:44] - Labor Report
  • [01:12:25] - Let's Talk about the GaaSacre
  • [01:20:08] - Listener Questions

SOURCES

  • Unity Announces Leadership Transition | Unity
  • "Fuck you, we're not paying": inside Unity's Runtime Fee fiasco | MobileGamer.biz
  • Microsoft Q1 FY24 Earnings | Microsoft
  • Consolidated financial results for the 2nd Quarter of FY2023 | Capcom
  • Paradox says The Lamplighters League sales were 'a big disappointment,' confirms recent layoffs at developer Harebrained Schemes | PC Gamer
  • Zen Studios reportedly cuts staff by 32 | GamesIndustry
  • Embracer-owned Digic to lay off 35 employees | GamesIndustry
  • Frontier to lay off unknown number of staff in organisational review | GamesInudstry
  • Full extent of Team17 cuts threaten third of the company - sources | Eurogamer
  • Virtuos Studios seemingly closes Calypte one year after opening | Game Developer
  • Epic Games cuts almost half of Bandcamp pre-Songtradr sale | Game Developer
  • PlayStation lays off staff at Visual Arts support dev | Game Developer

INVESTMENT INTERLUDE

  • GameSquare To Acquire One of the Biggest Names in Gaming, FaZe Clan | GameSquare
  • Xsolla Announces Acquisition Of Lightstream, Rainmaker And Api.Stream | Xsolla
  • Fragbite to acquire Fall Damage | GamesIndustry
  • Space Rock Games secures $900,000 in funding | GamesIndustry
...more
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Virtual EconomyBy Michael Futter and Amanda Farough

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