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With WarnerMedia undergoing perhaps the most massive restructuring in its history, it's natural for folks to try to tease out just what "it all means".

But one thing it definitely *doesn't* mean? That WB Games is now off the market.

So let's dive into both problem reporting and the details of major acquisitions.

You either die a sold company or live long enough to...sit untouched during a massive restructuring... in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/avPbbwO7Eoc

#WBGames #Sale #Rumors

***

Discussed in this episode:

"Will WB Games Really Be Sold? A Corporate Lawyer's View (VL247)"

YouTube Video - June 16, 2020 - Hoeg Law

https://youtu.be/hxPrQgunHNo

"Pressing Pause on Microsoft/WB Games Rumors (VL259)"

YouTube Video - July 6, 2020 - Hoeg Law

https://youtu.be/MrgotWNvLhs

"WB Games seemingly no longer for sale, a recent email to staff indicates."

Tweet - August 9, 2020 - Shinobi602 (@shinobi602)

https://twitter.com/shinobi602/status/1292505073705156608

"AT&T looks to have changed its mind about selling its gaming studios"

Eurogamer - August 9, 2020 - Vikki Blake

https://www.eurogamer.net/articles/2020-08-09-at-and-t-looks-to-have-changed-its-mind-about-selling-its-gaming-studios

"I can't emphasize enough how little that restructuring letter has to do with a potential acquisition."

Tweet - August 9, 2020 - Richard Hoeg (@hoeglaw)

https://twitter.com/HoegLaw/status/1292505410625298436

"AT&T may be keeping hold of Warner Bros. Interactive after all"

PC Gamer - August 10, 2020 - Tom Sykes

https://www.pcgamer.com/atandt-may-be-keeping-hold-of-warner-bros-interactive-after-all/

"WB Games Avoids Cuts After Parent Company Shakeup"

GameRant - August 8, 2020 - Rory Young

https://gamerant.com/wb-games-cuts-avoid-sale/

"Bob Greenblatt, Kevin Reilly Out Amid Major WarnerMedia Restructuring"

The Hollywood Reporter - August 7, 2020, Lesley Goldberg, Natalie Jarvey

https://www.hollywoodreporter.com/live-feed/bob-greenblatt-kevin-reilly-major-warnermedia-restructuring-1306486

***

"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

Blog: hoeglaw.wordpress.com

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On August 6, 2020, the White House took the unusual step of banning certain transactions between American citizens and Chinese companies, not based on the overall nature of the companies, but on two of the applications they provide: TikTok and WeChat.

But while the prohibition on transactions with TikTok's parent company is broad and (relatively) easily understood, the prohibition on Tencent, owner of the WeChat application, is not.

And because Tencent also just happens to be the whole or partial owner of some of the most popular video games in the world (Fortnite, League of Legends, Clash of Clans, Valorant), well...that's why we have Virtual Legality.

You want Tencent? We'll give you two... in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/RJZM9jke-rM

#Tencent #Ban #WhiteHouse

***

Discussed in this episode:

"Trump bans dealings with Chinese owners of TikTok, WeChat"

AP - August 7, 2020 - Tali Arbel

https://apnews.com/719d8c83f689929c9c9d8c9aa5593fc8

"Executive Order Targeting Tencent Could Have Huge Effect On Games Industry"

ScreenRant - August 7, 2020 - Bryan Lawver

https://screenrant.com/executive-order-targeting-tencent-wechat-effect-games-industry/

"Tencent"

Wikipedia Entry

https://en.wikipedia.org/wiki/Tencent

"Trump's executive order to ban US individuals from doing business with Tencent will affect..."

Tweet - August 6, 2020 - Ian MIles Cheong (@stillgray)

https://twitter.com/stillgray/status/1291568516743573504

"Executive Order on Addressing the Threat Posed by WeChat"

White House EO - August 6, 2020

https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-posed-wechat/

"Executive Order on Addressing the Threat Posed by TikTok"

White House EO - August 6, 2020

https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-posed-tiktok/

50 USC 1701

https://www.law.cornell.edu/uscode/text/50/1701

"Presidential authorities"

50 USC 1702

https://www.law.cornell.edu/uscode/text/50/1702

50 USC 1621

https://www.law.cornell.edu/uscode/text/50/1621

"List of national emergencies in the United States"

Wikipedia Entry

https://en.wikipedia.org/wiki/List_of_national_emergencies_in_the_United_States

"Executive Order on Securing the Information and Communications Technology and Services Supply Chain"

White House EO - May 15, 2019

https://www.whitehouse.gov/presidential-actions/executive-order-securing-information-communications-technology-services-supply-chain/

"Trump signs executive order to ban TikTok, WeChat"

LA Times - August 6, 2020 - Wendy Lee, Sam Dean

https://www.latimes.com/politics/story/2020-08-06/trump-signs-executive-order-to-ban-tiktok

***

"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

Blog: hoeglaw.wordpress.com

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Bloomberg (and reporter Jason Schreier) have reported on a "Wage Revolt" at Activision Blizzard subsidiary Blizzard Entertainment. But is it really less than meets the eye?

And what can we take from this to talk about labor markets, wages, rock star industries (and companies), and compensation in general.

The laws of economics can't be broken...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/N45GQjGi5qs

#Activision #Blizzard #Salaries

***

Discussed in this episode:

"Blizzard Workers Share Salaries in Revolt Over Wage Disparities"

Bloomberg - August 3, 2020 - Jason Schreier

https://www.bloomberg.com/news/articles/2020-08-03/blizzard-workers-share-salaries-in-revolt-over-wage-disparities

"Virtual Legality #14 - Securities Law, Executive Compensation, and Activision (Hoeg Law)"

YouTube Video - January 14, 2019 - Hoeg Law

https://youtu.be/xtI_FsOvLu8

***

"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

Blog: hoeglaw.wordpress.com