{"id":196466,"date":"2023-09-20T09:45:00","date_gmt":"2023-09-20T13:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=196466"},"modified":"2023-09-20T12:27:12","modified_gmt":"2023-09-20T16:27:12","slug":"what-you-missed-this-week-in-video-games-38","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/what-you-missed-this-week-in-video-games-38\/","title":{"rendered":"What You Missed This Week in Video Games"},"content":{"rendered":"\n<p><strong>Microsoft mistakenly leaks confidential information about Xbox business<\/strong><\/p>\n\n\n\n<p>&#8220;Game On&#8221; is The Fly&#8217;s weekly recap of the stories powering up or beating down video game stocks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-releases\"><strong>NEW RELEASES:&nbsp;<\/strong><\/h2>\n\n\n\n<p>This week&#8217;s most notable release is Warner Bros. Discovery&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=WBD\">(WBD)<\/a>&nbsp;&#8220;Mortal Kombat 1,&#8221; which launches for PlayStation 5&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=SONY\">(SONY)<\/a>, Xbox Series X\/S&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=MSFT\">(MSFT)<\/a>, Nintendo Switch&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=NTDOY\">(NTDOY)<\/a>, and PC on September 19. Also out this week is &#8220;Separate Ways,&#8221; a downloadable expansion for Capcom&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=CCOEY\">(CCOEY)<\/a>&nbsp;&#8220;Resident Evil 4&#8221; remake. The DLC releases September 21 for PS5, Xbox Series X\/S, PS4, and PC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-microsoft-leak\"><strong>MICROSOFT LEAK:&nbsp;<\/strong><\/h2>\n\n\n\n<p>Microsoft mistakenly uploaded confidential information about its video game business to a federal court website, Bloomberg&#8217;s Cecilia D&#8217;Anastasio and Leah Nylen&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-19\/microsoft-mistakenly-posts-secret-game-plans-to-government-site#xj4y7vzkg\" target=\"_blank\" rel=\"noreferrer noopener\">report<\/a>, citing a person familiar with the matter and a post from a Federal Trade Commission employee. &#8220;The FTC was not responsible for uploading Microsoft&#8217;s plans for its games and consoles to the court website,&#8221; FTC director of public affairs Douglas Farrar&nbsp;<a href=\"https:\/\/twitter.com\/DouglasLFarrar\/status\/1704126699649028383\" target=\"_blank\" rel=\"noreferrer noopener\">said&nbsp;<\/a>in a social media post.<\/p>\n\n\n\n<p>According to The Verge&#8217;s&nbsp;<a href=\"https:\/\/www.theverge.com\/2023\/9\/19\/23880165\/xbox-leak-ftc-documents-new-xbox-series-x-controller-next-gen\" target=\"_blank\" rel=\"noreferrer noopener\">Tom Warren<\/a>, the occurrence marks the biggest leak in Xbox history, mostly because unredacted emails typically don&#8217;t appear in the public domain. Among the top stories that emerged from this leak of FTC vs Microsoft documents, according to Warren, are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Microsoft is working on a new disc-less Xbox Series X design with a new gyro controller<\/li>\n\n\n\n<li>The company&#8217;s next generation Xbox console is planned for 2028 and could achieve &#8220;full convergence&#8221; of its cloud gaming platform and physical hardware<\/li>\n\n\n\n<li>Microsoft Gaming CEO Phil Spencer said in an August 2020 email that he would be interested in acquiring Nintendo, saying the company would be &#8220;THE prime asset&#8221; for Microsoft in gaming<\/li>\n\n\n\n<li>Before ZeniMax Media was acquired by Microsoft, the company was working on remastered versions of &#8220;The Elder Scrolls IV: Oblivion&#8221; and &#8220;Fallout 3,&#8221; as well as new entries in the &#8220;Doom&#8221; and &#8220;Dishonored&#8221; franchises<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-consumer-spending\"><strong>CONSUMER SPENDING:<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Last week, Circana analyst Mat Piscatella said that August 2023 U.S. consumer spending on video game content, hardware and accessories grew 3% vs. year-ago, to $4.2B. Growth across both content and accessories spending offset a double-digit percentage decline in hardware. Year-to-date U.S. consumer spending across video game products was 2% higher than a year ago, at $34.9B. Spending on video game content in August grew 4% vs. YA, to $3.7B. On console and PC platforms, growth in digital premium downloads offset declines across physical SW and digital add-ons. Non-mobile subscription spending fell 4%, while Sensor Tower reported mobile growth of 2.5%. Video game hardware spending fell 13% when compared to a year ago, to $328M.<\/p>\n\n\n\n<p>PlayStation 5 dollar sales fell by a single-digit percentage in the month when compared to a year ago, while both Switch and Xbox Series declined by a double-digit percentage, said the Circana analyst. PlayStation 5 was the best-selling hardware platform in both unit and dollar sales during August 2023, with Xbox Series ranking 2nd across both measures. PlayStation 5 continued to lead the 2023 hardware market across both units and dollars. Year-to-date hardware spending was 13% higher when compared to the same period in 2022, at $3.2B. Accessories spending in Aug grew by 12% vs YA, to $159M. 7 of the top 8 best-selling accessories of August in dollar sales were PlayStation DualSense gamepads, with PlayStation VR2 ranking as the only non-DualSense gamepad appearing among the top 8.<\/p>\n\n\n\n<p>On the software side, Piscatella said that Electronic Arts&#8217;&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=EA\">(EA)<\/a>&nbsp;&#8220;Madden NFL 24&#8221; was the best-selling game of August in the U.S., instantly becoming the 6th best-selling game of 2023 YTD. This is the 24th consecutive year in which a &#8220;Madden NFL&#8221; franchise release was the best-selling title of its launch month. Launch month dollar sales of &#8220;Madden NFL 24&#8221; software, excluding digital add-on spending, grew by a double-digit percentage when compared to &#8220;Madden NFL 23&#8221; a year ago. Bandai Namco&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=NCBDY\">(NCBDY)<\/a>&nbsp;&#8220;Armored Core VI: Fires of Rubicon&#8221; was the 2nd best-selling game of August and ranked as the 20th best-selling game of 2023 year-to-date after one month in market. Other top selling premium games for the month of August in the U.S. were Embracer&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=THQQF\">(THQQF)<\/a>&nbsp;&#8220;Remnant II,&#8221; Activision Blizzard&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=ATVI\">(ATVI)<\/a>&nbsp;&#8220;Call of Duty: Modern Warfare 2&#8221; and &#8220;Diablo IV,&#8221; Warner Bros. Discovery&#8217;s &#8220;Hogwarts Legacy,&#8221; Nintendo&#8217;s &#8220;The Legend of Zelda: Tears of the Kingdom,&#8221; Sony&#8217;s &#8220;MLB The Show 23,&#8221; and Microsoft&#8217;s &#8220;Minecraft.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-stories-to-watch\"><strong>OTHER STORIES TO WATCH:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nintendo briefed Activision Blizzard last year on its next generation Switch console, The Verge reports&nbsp;<a href=\"https:\/\/thefly.com\/landingPageNews.php?id=3780580&amp;headline=NTDOY;ATVI-Nintendo-briefed-Activision-on-next-Switch-last-year-Verge-reports&amp;utm_source=https:\/\/thefly.com\/news.php%3fsymbol=NTDOY&amp;utm_medium=referral&amp;utm_campaign=referral_traffic\" target=\"_blank\" rel=\"noreferrer noopener\">[read more]<\/a><\/li>\n\n\n\n<li>Microsoft&#8217;s &#8220;Starfield&#8221; is the fifth fastest-selling game in Europe in 2023, Gamesindustry.biz reports&nbsp;<a href=\"https:\/\/thefly.com\/landingPageNews.php?id=3780591&amp;headline=MSFT;SQNXF;CCOEY;WBD;ATVI;NTDOY;EA-Starfield-fifth-fastestselling-game-in-Europe-in--GIbiz-says&amp;utm_source=https:\/\/thefly.com\/news.php%3fsymbol=NTDOY&amp;utm_medium=referral&amp;utm_campaign=referral_traffic\" target=\"_blank\" rel=\"noreferrer noopener\">[read more]<\/a><\/li>\n\n\n\n<li>Apple&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=AAPL\">(AAPL)<\/a>&nbsp;said that Ubisoft&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=UBSFY\">(UBSFY)<\/a>&nbsp;&#8220;Assassin&#8217;s Creed Mirage,&#8221; Capcom&#8217;s &#8220;Resident Evil Village,&#8221; and &#8220;Resident Evil 4&#8221; will be playing on iPhone 15 Pro<a href=\"https:\/\/thefly.com\/landingPageNews.php?id=3778273&amp;headline=AAPL;CCOEY;UBSFY-Apple-says-Ubisofts-Assassins-Creed-Mirage-coming-to-iPhone--Pro-in-&amp;utm_source=https:\/\/thefly.com\/news.php%3fsymbol=AAPL&amp;utm_medium=referral&amp;utm_campaign=referral_traffic\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;[read more]<\/a><\/li>\n\n\n\n<li>WarnerMedia CEO Jason Kilar has joined Roblox&#8217;s&nbsp;<a href=\"https:\/\/www.thefly.com\/news.php?symbol=RBLX\">(RBLX)<\/a>&nbsp;board of directors&nbsp;<a href=\"https:\/\/thefly.com\/landingPageNews.php?id=3779522&amp;headline=RBLX;WBD-Warner-Media-CEO-joins-Roblox-board&amp;utm_source=https:\/\/thefly.com\/news.php%3fsymbol=RBLX&amp;utm_medium=referral&amp;utm_campaign=referral_traffic\" target=\"_blank\" rel=\"noreferrer noopener\">[read more]<\/a><\/li>\n<\/ul>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted September 19, 2023 &#8211; <strong><a href=\"https:\/\/thefly.com\/landingPageNews.php?id=3781195&amp;headline=WBD;SONY;MSFT;NTDOY;CCOEY;EA;NCBDY;THQQF;ATVI;AAPL;UBSFY;RBLX;TCEHY;TTWO-What-You-Missed-This-Week-in-Video-Games&amp;utm_source=https:\/\/thefly.com\/&amp;utm_medium=referral&amp;utm_campaign=referral_traffic\">What You Missed This Week in Video Games<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft mistakenly leaks confidential information about Xbox business.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[11724,2586,3689,15998,1244,1339,12526],"contributors-categories":[13629],"class_list":{"0":"post-196466","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-activision-blizzard","13":"tag-ftc","14":"tag-game-on","15":"tag-leaks","16":"tag-microsoft","17":"tag-video-games","18":"tag-xbox","19":"contributors-categories-the-fly"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - 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