Microsoft’s layoffs have sent the FTC into a tizzy, adding fuel to the ongoing fire. Also: It’s earnings season, with EA, Microsoft, Capcom, Nintendo, Square Enix, Paradox, Take-Two, Sega, and Meta reporting. We also cover the latest in the layoff storm that continues to drown the industry and Disney’s $1.5B investment in Epic.
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TIME STAMPS
- [00:01:14] – EA Earnings
- [00:12:44] – Microsoft Earnings
- [00:22:59] – Capcom Earnings
- [00:28:23] – Nintendo Earnings
- [00:31:09] – Square Enix Earnings
- [00:37:45] – Paradox Earnings
- [00:42:38] – Take-Two Earnings
- [00:49:17] – SegaSammy Earnings
- [00:53:09] – Meta Earnings (Brief)
- [00:55:57] – Investment Interlude
- [01:12:13] – Quick Hits
- [01:19:36] – Labor Report
SOURCES
- Electronic Arts Reports Strong Q3 FY24 Results | EA
- Microsoft Earnings Release FY24 Q2 | Microsoft
- Capcom On Track to Achieve Full-Year Guidance | Capcom
- Consolidated Results for the Nine Months Ended December 31, 2022 and 2023 | Nintendo
- Consolidated Financial Results for the Nine-Month Period Ended December 31, 2023 | Square Enix
- Year-end report January – December 2023 | Paradox
- Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2024 | Take-Two
- SegaSammy Q3 Results Presentation | SegaSammy
- Meta Reality Labs loses $4.65B in Q4 | Meta
- Tencent CEO feels its game business “achieved nothing” during 2023 | Game Developer
- Embracer lays off staff at Star Trek: Infinite dev Nimble Giant | Game Developer
- Wayfinder dev Airship Syndicate lays off 12 employees | Game Developer
- Square Enix absorbs Tokyo RPG Factory | Gematsu
- Hidden Path Layoffs | Jeff Pobst on LinkedIn
- Roughly half of Devolver’s Artificer studio laid off | Games Industry
- Devolver Digital CEO Douglas Morin steps down | Games Industry
- Layoffs at Netease, MiHoYo, Tencent | Core Esports
- The FTC is Going After Microsoft Over Layoffs | Tom Warren (@tomwarren) on Twitter
- …And Microsoft has Responded | Tom Warren (@tomwarren) on Twitter
INVESTMENT INTERLUDE
- Nordcurrent snaps up Cinemaware library | Games Industry
- Disney and Epic Games to Create Expansive and Open Games and Entertainment Universe Connected to Fortnite | Disney
- Nitro Games receives further €3.5 million to continue Warframe mobile development | Pocket Gamer
- Six Nations-backer CVC in talks to buy Runescape-maker for £900m | Sky News
- FromSoftware owner Kadokawa acquires Octopath Traveler studio | Eurogamer