Warner Bros. is selling itself like a $1.50 hot dog at Costco, and everyone wants a bite. Before the weekend, Netflix looked like it had a clear path to regulatory review. But now, New Paramount is taking a swing with a hostile takeover. Things are about to get ugly. Regardless of who wins, though, we lose. Consolidation continues and consumers pay the price.

Also: Nintendo, Square Enix, Take-Two, Embracer Group, and Sony earnings; Circana’s report on U.S. video game spending for October 2025; and another grim labor report.

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TIME STAMPS

  • [00:06:02] – PAX Unplugged Roundup
  • [00:23:44] – Circana Report on U.S Video Game Spending for October 2025
  • [00:31:49] – Sony Earnings for Q2 FY26
  • [00:36:49] – Nintendo Earnings for H1 FY26
  • [00:48:15] – Square Enix Earnings for H1 FY26
  • [00:54:31] – Take-Two Earnings for Q2 FY26
  • [00:55:39] – Embracer Group Earnings for Q2 FY26
  • [00:59:48] – iam8bit is Suing Skybound
  • [01:02:40] – Tencent Pauses Light of Moritram Promotion During Sony Lawsuit
  • [01:03:35] – Krafton CEO Accused of Using ChatGPT to Get Out of Unknown Worlds Earnout
  • [01:06:43] – Investment Interlude
  • [01:24:37] – Quick Hits
  • [01:29:47] – Labor Report
  • [01:38:13] – FAFO

SOURCES

INVESTMENT INTERLUDE

LABOR REPORT

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