Episode 144: Weird Corporate Shenanigans (News Show)
We’re SO close to the end of earnings season. This week: Square Enix, Nintendo, Take-Two, Unity (and a discussion about that brutal Bloomberg expose about CEO John Riccitiello). Also: Strange happenings at Studio ZA/UM, Remedy details Control 2 publishing deal, the EU gets prickly about Microsoft’s proposed Activision acquisition, and more. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:02:03] - Square Enix Earnings [00:11:00] - Nintendo Earnings [00:18:41] - Take-Two Earnings [00:26:22] - Unity Earnings and Discussion about Bloomberg Riccitiello Expose [00:38:20] - Investment Interlude [00:44:03] - Quick Hits [00:46:56] - Labor Report (Activision, Kabam, Studio ZA/UM, iD Software) [01:18:38] - Listener Question SOURCES Consolidated Financial Results for the Six-Month Period Ended September 30, 2022 | Square Enix Consolidated Results for the Six Months Ended September 30, 2021 and 2022 | Nintendo Notice of Establishment of Joint Venture Company with DeNA Co., Ltd. and added as a Specified Subsidiary | Nintendo Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2023 | Take-Two Unity Announces Third Quarter 2022 Financial Results | Unity Unity and ironSource merge to simplify launching and growing great mobile games One of Gaming’s Most Hated Execs Is Jumping Into the Metaverse | Bloomberg (Paywall) Activision Blizzard files motion to impound Albany union vote ballots | Games Industry Composer Sarah Schachner Exits ‘Call of Duty: Modern Warfare II’ Soundtrack Citing ‘Challenging Working Dynamic’ With Audio Director | Variety November 2nd, 2022 Bargaining Session Update | Game Workers Alliance TO FANS OF DISCO ELYSIUM, CONCERNING THE SITUATION AT ZA/UM | Robert Kurvitz and Aleksander Rostov on Medium Gaming company Kabam lays off 7% of its workforce to better align with goals | TechCrunch Disco Elysium studio ZA/UM confirms former employees were fired for misconduct | Games Industry INVESTMENT INTERLUDE Mergers: Commission opens in-depth investigation into the proposed acquisition of Activision Blizzard by Microsoft | European Commission KRAFTON, INC. REPORTS Q3 2022 REVENUE OF 433.8 BILLION KRW ($320.4 MILLION) | Krafton Remedy Entertainment signs a co-development and co-publishing agreement with 505 Games for Control 2 | Remedy