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.
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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
- 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