On May 10th, 2019, Variety Gaming's Brian Crecente announced via Twitter that Variety Gaming would be "reassessed" after E3 and he would no longer have a job.

On May 6th, 2019 Waypoint announced that it was losing it's name and domain and folding into parent media company Vice.

On April 8, 2019, Kotaku (along with the rest of the Gizmodo group) was sold to a Private Equity Firm.

Whether or not you like or agree with the output of any of these outlets, it is undoubtedly clear that coverage of the industry is changing and will continue to change.

What is happening and why?

What does it mean that Disney has given its Vice investment a complete "write off"?

How does it effect channels like this one?

And why should you very much care?

After all, Variety *is* the spice of life.

It's time for Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/wGzsxJg13Q8

#VarietyGaming #Waypoint #Journalism

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Discussed in this episode:

"What We Can Learn From a Game Studio Co-Founder’s Public Tirade"

Variety Gaming - May 10, 2019 - Michael Futter

(https://variety.com/2019/gaming/columns/what-we-can-learn-from-a-game-studio-co-founders-public-tirade-1203211122/)

"I see word is getting out about Variety Gaming. Good news bad news."

Tweet from Brian Crecente - May 10, 2019

(https://twitter.com/crecenteb/status/1126943334503735296)

"Waypoint Is Joining the New VICE [dot] com"

Waypoint - May 6, 2019 - Austin Walker

(https://www.vice.com/en_us/article/3k3b9k/waypoint-is-joining-the-new-vicecom)

"Disney put more than $400 million into Vice Media. Now it says that investment is worthless."

Vox - May 8, 2019 - Peter Kafka

(https://www.vox.com/recode/2019/5/8/18537617/disney-vice-write-off-400-million)

Walt Disney Company Form 10-Q

For the quarterly period ended March 30, 2019

(https://www.sec.gov/ix?doc=/Archives/edgar/data/1744489/000174448919000100/fy2019q210qdoc.htm)

"Write-Down"

Investopedia - Updated March 31, 2019

(https://www.investopedia.com/terms/w/writedown.asp)

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FOR MORE CHECK US OUT:

On Twitter @hoeglaw

At our website: https://hoeglaw.com/

On our Blog, "Rules of the Game", at https://hoeglaw.wordpress.com/

On "Help Us Out Hoeg!" a regular segment on the Easy Allies Podcast (formerly GameTrailers)

(https://www.youtube.com/channel/UCZrxXp1reP8E353rZsB3jaA)

Biweekly on "Inside the Huddle with Michael Spath" on WTKA 1050