Episode 137: Embracer Ate Middle-earth Enterprises for Second Breakfast (News Show)
Embracer Group’s latest spending spree nets them one of the world’s most recognizable IPs (and much more). Also: Unity slumps amid hostile takeover, Take-Two posts losses on Zynga acquisition, Nintendo is in the hot seat again, Activision commits to the union-busting bit, and NPD for July 2022 as spending continues its slide back to pre-pandemic levels. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:42] - Unity Q2 FY22 Earnings [00:14:54] - Take-Two Q1 FY23 Earnings [00:27:21] - Thunderful Group H1 FY22 Earnings [00:32:51] - Remedy H1 FY22 Earnings [00:35:21] - Embracer Group Q1 FY23 Earnings [00:42:03] - Investment Interlude (Embracer Group Spending Spree) [01:00:53] - Quick Hits [01:07:51] - Labor Report (Nintendo, Activision) [01:11:38] - NPD for July 2022 SOURCES Unity Announces Second Quarter 2022 Financial Results | Unity Unity sets up joint venture in China | GamesIndustry AppLovin offers to buy video game software maker Unity in $17.5 bln deal | Reuters First Quarter Fiscal 2023 Results & Guidance Summary | Take-Two Thunderful Group Interim Report January–June 2022 | Thunderful Brjann Sigurgeirsson leaves the position as CEO of Thunderful Group | Thunderful Half-Year Report | Remedy EMBRACER GROUP PUBLISHES INTERIM REPORT Q1, APRIL-JUNE 2022 | Embracer Group EMBRACER GROUP ANNOUNCES THE 11[TH] OPERATING GROUP: EMBRACER FREEMODE | Embracer Group Second labor complaint filed against Nintendo | Axios Aston Carter and Nintendo of America as Joint Employers | NLRB Nintendo Of America's Testers Say They Faced Years Of Sexual Harassment | Kotaku Activision Blizzard is using ‘Diablo IV’ to argue against unions | Washington Post Activision Blizzard accused of trying to stop workers communicating about pay and working conditions | Fortune (Paywall) NPD for July 2022 | Mat Piscatella (@MatPiscatella) on Twitter INVESTMENT INTERLUDE EMBRACER GROUP ENTERS INTO AN AGREEMENT TO ACQUIRE LIMITED RUN GAMES | Embracer Group EMBRACER GROUP ENTERS INTO AN AGREEMENT TO ACQUIRE SINGTRIX | Embracer Group EMBRACER GROUP ACQUIRES TUXEDO LABS | Embracer Group EMBRACER GROUP ENTERS INTO AGREEMENT TO ACQUIRE TRIPWIRE INTERACTIVE | Embracer Group EMBRACER GROUP ENTERS INTO AGREEMENT TO ACQUIRE IP RIGHTS TO THE LORD OF THE RINGS AND THE HOBBIT LITERARY WORKS BY J.R.R TOLKIEN | Embracer Group Spin Master Expands Digital Games Ecosystem with Acquisition of Nørdlight | Spin Master [From the industry] SOEDESCO acquires Superlumen development studio | MCV/Develop