Episode 177: The Last Good Reason for GameStop to Exist is Gone (News Show)

Virtual Economy

Amidst new allegations of insider training, GameStop CEO Ryan Cohen has shuttered Game Informer magazine after 33 years. Also: Earnings time is here, more Bungie layoffs, Netherrealm layoffs, Circana report for June 2024, voice actors on strike, IGN parent Ziff Davis does Humble Games publishing and its partners dirty, and more.

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TIME STAMPS

• [00:01:47] - Circana Report on U.S. Video Game Spending for June 2024
• [00:11:02] - Ubisoft Q1 FY2025 Earnings
• [00:17:17] - Paradox Q2 FY2024 Earnings
• [00:20:55] - Capcom Q1 FY2024 Earnings
• [00:27:44] - Microsoft Q4 FY2024 Earnings
• [00:39:18] - EA Q1 FY2025 Earnings
• [00:49:38] - Investment Interlude
• [00:53:03] - Quick Hits
• [01:00:32] - Labor Report

SOURCES

• Ubisoft Q1 FY2025 Earnings | Ubisoft
• Interim report January – June 2024 | Paradox
• Consolidated financial results for the 1st Quarter of FY2024 | Capcom
• Earnings Release FY24 Q4 | Microsoft
• EA Earnings Release Q1 FY25 | EA
• Bethesda Game Studios employees form a ‘wall-to-wall’ union | TechCrunch
• World of Warcraft developers form Blizzard’s largest and most inclusive union | The Verge
• MORTAL KOMBAT DEVELOPER NETHERREALM STUDIOS HIT WITH MASS LAYOFFS | Insider Gaming
• Jam City lays off nearly 85 employees as industry fails to hit 'upward trend' | Game Developer
• Axis Studios goes into administration | Televisual
• Armor Games Studios has seemingly laid off its publishing team | GamesIndustry
• Probably Monsters lays off incubation team | Brandi House on LinkedIn
• Forte shuts down Rumble Entertainment, its second studio closure in two months | GamesIndustry
• The New Path for Bungie | Bungie
• Game Informer is Gone | Game Informer

INVESTMENT INTERLUDE

• Warner Bros. Games Acquires Player First Games | Warner Bros. via BusinessWire
• Look North World raises $4.5m in overall funding | GamesIndustry