The Video Game Industry is NOT Collapsing. A Lawyer Explains.

Video Description

🚀 Install Star Trek Fleet Command for FREE now https://t2m.io/MoonChannelSTFC and enter the promo code WARPSPEED to unlock 10 Epic Shards of Kirk, enhancing your command instantly! How to easily redeem the promo code 👉 https://t2m.io/promo_STFC --- It seems like there's a new round of layoffs in the video games industry every day. We've seen Electronic Arts, Ubisoft, NetEase, Microsoft, Sony, and Sega, conduct personnel layoffs, restructurings, and studio closures. But... why? Is there some video game bubble bursting? Is the video games industry collapsing? Well, no. The current pattern of layoffs is an extremely cynical, reactive business decision that comes to us from recent developments in the tech industry. We'll see just what is transpiring in the world of big-tech, and then apply what we've learned to a select group of examples in the video games industry, before closing with a look at a company which has chosen -not- to follow the example of big-tech. We've covered history, culture, sociology, and more through the lens of video games! Now, it's time to take a look into finance. --- 10% of Moon Channel's Gross Revenue goes to charity: including our sponsorship income! We are currently supporting Doctors Without Borders (MSF). You can learn more about Doctors Without Borders at https://www.msf.org/. -- Please also consider supporting Moon Channel on Patreon! https://www.patreon.com/MoonChannelYT --- Chapters: 00:00 - Intro 04:41 - Video Games Copying Big Tech 11:23 - The New Big Tech Game Plan 17:40 - Cool Investors Don't Look at Tech Explosions 21:38 - The Three Categories of Video Game Layoffs 24:16 - A Contextual Timeline of Layoffs 29:15 - Categorizing Examples 30:10 - Wizards of the Coast 32:38 - Unity 35:29 - 343/The Coalition/Bethesda, Microsoft 38:54 - Riot Games 40:00 - HiRez, Private Companies, and Indies 41:11 - Electronic Arts 44:21 - Embracer Group 45:45 - Take2 47:37 - Ubisoft 49:05 - Games Media, Storefronts, and Others 51:21 - Skepticism and Nintendo 1:00:35 - Conclusion 1:04:38 - Credits Gag --- Attributions: http://videogamelayoffs.com/ https://gamerhub.co.uk/gaming-industry-dominates-as-the-highest-grossing-entertainment-industry/ https://newzoo.com/resources/blog/explore-the-global-games-market-in-2023 https://www.gamesindustry.biz/the-us-video-game-industry-gets-back-to-growth https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/growth-in-tech-sector-returns-to-glory-days-of-the-1990s https://www.gartner.com/en/articles/what-s-new-in-the-2023-gartner-hype-cycle-for-emerging-technologies https://www.theguardian.com/business/2019/dec/20/why-wework-went-wrong https://www.gamesindustry.biz/hundreds-laid-off-at-microsoft-as-part-of-structural-adjustments https://www.scmp.com/tech/big-tech/article/3191458/china-gaming-crackdown-bytedance-cuts-hundreds-jobs-its-video-game https://www.gamesindustry.biz/jam-city-lays-off-17-of-workforce https://www.gamesindustry.biz/jam-city-acquires-ludia-for-usd165m https://www.computerworld.com/article/3679733/tech-layoffs-in-2022-a-timeline.html https://www.gamesindustry.biz/meta-laying-off-11000 https://www.computerworld.com/article/3685936/tech-layoffs-in-2023-a-timeline.html https://www.gamesindustry.biz/what-the-current-wave-of-layoffs-means-for-the-games-industry https://www.reuters.com/business/retail-consumer/hasbro-defeats-board-challenge-activist-investor-alta-fox-2022-06-08/ https://www.reuters.com/technology/chinas-tencent-starts-new-round-layoffs-sources-2022-11-15/ https://www.reuters.com/technology/tencent-says-making-personnel-adjustments-after-report-xr-layoffs-2023-02-16/ https://venturebeat.com/games/ea-cancels-apex-legends-and-battlefield-mobile-games-shutters-industrial-toys-studio/ Alphabet Earnings Release Q3 2023 https://abc.xyz/assets/4a/3e/3e08902c4a45b5cf530e267cf818/2023q3-alphabet-earnings-release.pdf EA Proxy Statement 2021-2022 https://s22.q4cdn.com/894350492/files/doc_financials/2021/ar/400772(1)_30_Electronic-Arts_Combo_WR.pdf EA Proxy Statement 2022-2023 https://s22.q4cdn.com/894350492/files/doc_financials/2023/ar/418941-1-_8_Electronic-Arts-Inc-Proxy10-K-Combo_clean.pdf Take2 Investor Report https://ir.take2games.com/static-files/08f13511-2824-4d6e-9571-c857636f7ca6 https://www.drakestar.com/news/global-gaming-report-2022 Ziff Davis Investor Report https://investor.ziffdavis.com/news-events/news/news-details/2023/Ziff-Davis-Reports-Third-Quarter-2023-Financial-Results-and-Reaffirms-2023-Guidance/default.aspx https://www.asahi.com/ajw/articles/14852792 https://companiesmarketcap.com/electronic-arts/marketcap/ https://companiesmarketcap.com/nintendo/marketcap/ https://www.youtube.com/watch?v=6l8PLKI9oqs [Awesome remix. Wish I could use this more often] https://www.youtube.com/watch?v=ekegU25Ygfo [This one too.] --- Check out more work from our artist, @BobberWCC ! Twitter: twitter.com/bobberwcc Twitch: twitch.tv/bobberwcc More: bio.site/bobber