Virtual Legality

Sony's acquisition of Bungie and the way it has been described in the media has resulted in a lot of opinions, but also a lot of misconceptions.

Join us as we dive into the world of mergers, acquisitions, retention agreements, and purchase price holdbacks.

Retention - it's not just for ponds anymore...in Virtual Legality.

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

#Bungie #Sony #PlayStation

***

WANT TO SUPPORT THE CHANNEL?

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

Discussed in this episode:

SEASONED GAMING/BITCAST

https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

"BUNGIE BOUGHT?! | A Legal Look at Sony + PlayStation's Riskiest Bet Yet (VL617)"

YouTube Video - Hoeg Law - January 31, 2022

https://youtu.be/iaZnOZwWFgw

"Sony Interactive Entertainment to Acquire Leading Independent Videogame Developer, Bungie"

Press Release - January 31, 2022

https://www.businesswire.com/news/home/20220131005684/en/Sony-Interactive-Entertainment-to-Acquire-Leading-Independent-Videogame-Developer-Bungie

"Q3 FY2021 Consolidated Financial Results"

Sony Speech Notes - February 2, 2022

https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/21q3_sonyspeech.pdf

ARTICLES/SOCIAL MEDIA

https://www.forbes.com/sites/paultassi/2022/02/03/sony-is-spending-12-billion-to-make-sure-bungie-employees-dont-leave/

https://www.pushsquare.com/news/2022/02/sony-is-spending-over-usd1-billion-to-ensure-bungie-employees-dont-leave

https://twitter.com/BaryonSenjuSage/status/1489108912100057089

https://twitter.com/HoegLaw/status/1489341960091492365

LEGAL DEAL POINTS

https://www.willistowerswatson.com/-/media/WTW/Insights/2017/10/2017-global-m-a-retention-report.pdf?modified=20171010144803

https://www.bakermckenzie.com/-/media/files/insight/publications/2020/10/using_purchase_price_pp_64102_a.pdf

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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(0:00) Introduction

(0:50) Bungie Acquisition

(3:36) Financial Statements

(7:40) Accounting Treatment

(13:23) Forbes

(17:34) Research

(25:02) Purchase Price Retention

(28:20) Conclusion

Totally Not Mark survived his trials with Toei Animation (Dragon Ball), but they exposed a rift between those jurisdictions that value free expression, fair use, and fair dealing, and those that do not.

With such rift exacerbated by YouTube's attempts to automate its responses beyond reason, it's no surprise that other companies like ShoPro (Pokemon) have seen an avenue to end channels they disapprove of once and for all.

It's time to answer the call...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/lWahIW7S9HE

***

WANT TO SUPPORT THE CHANNEL?

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

Discussed in this episode:

YOUTUBE VIDEOS

https://youtu.be/gnPKmRXnQn0

https://youtu.be/pAwG3yzFbRs

https://youtu.be/v6uH71BdMBA

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

Nintendo has taken the unusual step of removing more than a thousand YouTube videos created by YouTuber GilvaSunner. Why? Because the videos in question consisted almost entirely of Nintendo game soundtracks.

While some are up in arms, others have questions about Copyright, Nintendo's rights, the DMCA, and more - questions we mean to answer...with special guest Legal Mindset!

You may want soundtracks, but it seems that Nintendon't...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/UmtDSNe842w

#Nintendo #GilvaSunner #Takedowns

***

WANT TO SUPPORT THE CHANNEL?

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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The National Football League (NFL) has supplanted Major League Baseball (MLB) as the US national pastime in the eyes of many, but is the league engaged in systematic, institutional racism and discrimination at the highest levels?

That's what ex-Dolphins Head Coach Brian Flores has alleged in an explosive new lawsuit, seeking not just damages, but court-mandated changes for the very way the league and its teams do business.

What are its strengths? What are its weakness?

If you're going to burn bridges, you might as well nuke them from orbit. It's the only way to be sure...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/1eoNwzEyQeY

#NFL #Flores #Lawsuit

***

SUPPORT THE CHANNEL

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

CHAPTERS

00:00 Introduction

04:34 The Lawsuit - Overview

18:15 The Lawsuit - The Rooney Rule

30:29 The Lawsuit - Injunctions and Statutes

36:50 The Lawsuit - History Lesson

47:56 The Lawsuit - Statistics and Circumstance

1:07:07 The Lawsuit - Typicality and Class

1:11:19 The Lawsuit - Causes of Action

1:14:17 Conclusion (and Party Statements)

***

Discussed in this episode:

ARTICLES AND STATEMENTS

https://theathletic.com/news/former-dolphins-coach-brian-flores-files-discrimination-lawsuit-against-nfl-giants-and-others/B53N44snbIPT/

https://dolphinswire.usatoday.com/2022/02/01/brian-flores-lawsuit-statement/

https://twitter.com/AaronWilson_NFL/status/1488626108983611394

https://dolphinswire.usatoday.com/2022/02/01/the-dolphins-released-a-statement-denying-brian-flores-claims/

THE LAWSUIT

https://www.wigdorlaw.com/wp-content/uploads/2022/02/Complaint-against-National-Football-League-et-al-Filed.pdf

THE LAWS

https://www.law.cornell.edu/rules/frcp/rule_8

https://www.law.cornell.edu/uscode/text/42/1981

https://www.eeoc.gov/statutes/title-vii-civil-rights-act-1964

https://www.law.cornell.edu/wex/section_1981

https://dhr.ny.gov/sites/default/files/doc/HRL.pdf

https://www1.nyc.gov/assets/cchr/downloads/pdf/Title-8-Text-of-the-Law-8-2021.pdf

https://www.nj.gov/oag/dcr/downloads/NJ-Law-Against-Discrimination.pdf

https://www.law.cornell.edu/uscode/text/28/1658

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

null

(0:00) Introduction

(4:34) The Lawsuit - Overview

(18:15) The Lawsuit - The Rooney Rule

(30:29) The Lawsuit - Injunctions and Statutes

(36:50) The Lawsuit - History Lesson

(47:56) The Lawsuit - Statistics and Circumstance

(1:07:07) The Lawsuit - Typicality and Class

(1:11:19) The Lawsuit - Causes of Action

(1:14:17) Conclusion (and Party Statements)

null

(0:00) Introduction

(4:34) The Lawsuit - Overview

(18:15) The Lawsuit - The Rooney Rule

(30:29) The Lawsuit - Injunctions and Statutes

(36:50) The Lawsuit - History Lesson

(47:56) The Lawsuit - Statistics and Circumstance

(1:07:07) The Lawsuit - Typicality and Class

(1:11:19) The Lawsuit - Causes of Action

(1:14:17) Conclusion (and Party Statements)

Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft and Xbox is purchasing them for just under $70 BILLION in cash.

FTC appears to have won the merger review lottery, but is that some kind of "break with tradition"? And what of FTC Chair Lina Khan's pronouncements on the tech industry?

Microsoft may well wind up yelling "KHAAAAAAAAN!"...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/D7BDdwU0qAM

#Activision #Microsoft #Antitrust

***

WANT TO SUPPORT THE CHANNEL?

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

Discussed in this episode:

"Microsoft x Activision"

Hoeg Law Playlist

https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-ROfumOtIrSdP8

"The FTC has reportedly stepped in to review Microsoft’s Activision Blizzard deal"

VGC - February 1, 2022

https://www.videogameschronicle.com/news/the-ftc-has-reportedly-stepped-in-to-review-microsofts-activision-blizzard-deal/

"Microsoft Deal for Activision to be Reviewed by FTC in US"

Bloomberg - February 1, 2022

https://www.bloomberg.com/news/articles/2022-02-01/microsoft-deal-for-activision-to-be-reviewed-by-ftc-in-u-s?

"FTC Chair Lina Khan says agency won’t back down in the face of intimidation from Big Tech"

CNBC - January 19, 2022

https://www.cnbc.com/2022/01/19/ftc-chair-lina-khan-says-agency-wont-back-down-in-the-face-of-intimidation.html

"Merger Review"

FTC Website

https://www.ftc.gov/news-events/media-resources/mergers-and-competition/merger-review

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

Gaming's publishing world has gotten a bit smaller and less independent today...again. Or has it? At least as described, the purchase of Halo and Destiny developer Bungie by Sony Interactive Entertainment (SIE) sounds absolutely crazy. But is it?

Let's talk about it

We have time to explain..in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/lBL4HxS4Yuw

#Bungie #Sony #PlayStation

***

SUPPORT THE CHANNEL

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

Discussed in this episode:

SEASONED GAMING/BITCAST

https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

HOEG/BUNGIE VIDEOS

https://youtu.be/hrKPN5TqFXA

https://youtu.be/sn0UMNh7ej8

https://youtu.be/coA9C4S3ZCU

https://youtu.be/jOaDc6O24nY

https://youtu.be/tT6AnLMbPaM

"Sony Interactive Entertainment to Acquire Leading Independent Videogame Developer, Bungie"

Press Release - January 31, 2022

https://www.businesswire.com/news/home/20220131005684/en/Sony-Interactive-Entertainment-to-Acquire-Leading-Independent-Videogame-Developer-Bungie

"BUNGIE JOINS SONY INTERACTIVE ENTERTAINMENT"

Press Release - January 31, 2022

https://www.bungie.net/en/Explore/Detail/News/50988

"DESTINY 2: OUR SHARED VISION"

Bungie Webpage

https://www.bungie.net/en/News/Article/50989

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com