Episode 152: Sega’s Angry Birds Acquisition and Life After Microsoft/Activision (News Show)
After years of stumbling in the mobile space, Sega decided to throw $775M at the problem with the acquisition of Rovio. Also: Lots of layoffs, some acquisitions, a bunch of earnings, and the March Circana report on U.S. video game spending. You can support Virtual Economy’s growth via our Ko-Fi and also purchase Virtual Economy merchandise! TIME STAMPS [00:01:06] - Epic v Apple… The End [00:04:03] - Microsoft Earnings for Q3 FY23 [00:14:21] - Sony Earnings for FY23 [00:18:13] - Remedy Earnings for Q1 FY23 [00:21:02] - Paradox Earnings for Q1 FY23 [00:23:14] - Sega Earnings for FY23 [00:26:32] - Investment Interlude [00:42:23] - Quick Hits [00:55:35] - Labor Report [01:03:59] - Circana U.S. Video Game Spending report for March 2023 [01:15:57] - FAFO SOURCES UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT | Court Listener Microsoft - Earnings Release FY23 Q3 | Microsoft Sony - FY2022 Earnings Announcement | Sony REMEDY ENTERTAINMENT PLC’S BUSINESS REVIEW JANUARY-MARCH 2023 | Remedy Paradox Interim report January – March 2023 | Paradox Sega Consolidated Financial Results for the Year Ending March 31 | Sega SEGA to Acquire Rovio Entertainment Oyj | Business Newswire Paradox closing Umea and Malmo studios to veer away from decentralized development | Game Developer Amazon Lays Off About 100 Employees in Its Gaming Divisions | Bloomberg (Paywall) InnoGames lays off 75 staff | GamesIndustry Ready at Dawn and Downpour Interactive impacted by Meta layoffs | Game Developer Sega of America is the latest video game studio to organize | The Verge Sega of America president reacts to unionization | Stephen Totilo (@stephentotilo) on Twitter Phoenix Labs cuts staff | GamesIndustry Documents in Activision Blizzard, Case No. 31-CA-316279 | NLRB INVESTMENT INTERLUDE Devolver Purchased Doinksoft | Devolver Digital (@devolverdigital) on Twitter Savvy Games Group To Acquire Leading Games Company Scopely | Savvy Games Focus Entertainment acquires the acclaimed UK-based Dovetail Games Group | Dovetail Games Sony is Fueling the Gamer Lawsuit Against the Microsoft / Activision Acquisition | Stephen Totilo (@stephentotilo) on Twitter Welcoming Firewalk Studios to the PlayStation Studios family | PlayStation Blog AQUIRIS is Joining Epic and Becoming Epic Games Brasil | Epic Games Atari Announces Acquisition of More than 100 PC and Console Titles from the 80s and 90s | GlobeNewswire