The Embracer Group name is going away, splitting its mega-conglomerate into three in an attempt to move on from its destructive legacy. But with Lars Wingefors sticking around to lead the holding company, our expectations are tempered. Also: Meta loses billions more as it tries to become the Windows of MR and earnings season is here!

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TIME STAMPS

• [00:01:54] - Embracer Group Splits Into Three Pieces
• [00:32:32] - Meta MR Losses Mount
• [00:42:03] - Paradox Q1 FY24 Earnings
• [00:44:16] - Microsoft Q3 FY24 Earnings
• [00:49:10] - Investment Interlude
• [00:53:08] - Quick Hits
• [01:01:27] - Labor Report

SOURCES

• EMBRACER GROUP ANNOUNCES ITS INTENTION TO TRANSFORM INTO THREE STANDALONE PUBLICLY LISTED ENTITIES AT NASDAQ STOCKHOLM | Embracer Group
• ASMODEE SECURES FINANCING AGREEMENT OF EUR 900 MILLION AS PART OF SEPARATION, DELEVERAGING THE REMAINING EMBRACER GROUP | Embracer Group
• OPEN LETTER BY EMBRACER GROUP CEO ABOUT THE TRANSFORMATION INTO THREE STANDALONE PUBLICLY LISTED ENTITIES | Embracer Group
• A New Era for Mixed Reality | Meta
• Interim report January – March 2024 | Paradox
• Earnings Release FY24 Q3 | Microsoft
• Modern Wolf lays off six staff in studio restructuring | Game Developer
• 'It's been really painful': Ex-Lionhead devs explain why they've announced, and shelved, a new game | VGC

INVESTMENT INTERLUDE

• Atari Revives Infogrames as a Publishing Label | NewsWire
• Krafton acquires minority stake in Forever Skies developer Far From Home | Game Developer
• Rummikub maker Goliath continues push into hobby gaming with Lucky Duck Games buyout | BoardGameWire
• CMON buys Japon Brand, the company which introduced the world to Love Letter and Machi Koro | BoardGameWire