To dive deep into the issues above, we were joined by Hemal Thaker, the Global Head of Gaming & Interactive Entertainment at Goldman Sachs, and Kartik Prabhakara, the Founding Partner of Aream, an independent investment bank providing M&A and financing advice to technology companies.Ĭhris Heatherly’s long and accomplished career in the games industry spans toys, MMOs, mobile, free-to-play, and VR and includes work on some of the biggest brands in the world. At the same time, we see the formation of walled gardens that threaten smaller companies that don't have unique content. And the costs of customer acquisition are going up. Today, the industry is influenced by some very interesting trends and headwinds: We are facing a global recession. Third, the impact of the privacy changes started taking effect, all the while as the crypto boom turned into crypto winter. Second, we saw a streak of consolidations with record-breaking deals.
And if you see a member of the DoF team, don't forget to tell them "Mice Nuts!"Ĭonsolidation, IDFA, metverse, Web3 and now a recession…ĭuring just the last couple of years, we’ve seen some wild phenomena affect the games industry: First, lockdowns caused engagement spikes. Or the Xsolla Game Night we are co-hosting with Mattel and Xsolla on Tuesday. Headed to GDC later this month? Don't forget to show up for Ethan's Sunday night casual meetup at Standard Deviant Brewing company to meet your fellow Fundies. And we talk Niantic's next game and the incredibly difficult challenge of finding a second, globe spanning phenomenon. We talk Angry Birds Classic and the incredibly hard problem of getting organic traffic to your profitable games they are not #1 in the search results. We talk Knockout City's shutdown and the incredibly difficult challenge of profitably running a cosmetics forward monetization strategy. We talk about the Apex Legends Mobile shutdown and the incredibly difficult challenge of feeding a live service content treadmill.
Most of the team (and the audience) is off at the Istanbul Gaming Summit, leaving Ethan and Phil to hold down the fort. If you like this interview, you'll love The Fourth Curtain.
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This one is chock full of firsthand wisdom from an absolute legend of the games industry, so buckle up.Īnd if you enjoy this episode, check out Alex's new podcast The Fourth Curtain! Alex and co-host Aaron Marroquin talk with industry luminaries about the making of some of the biggest games of all time. Because when you sell your studio to another company, you haven't exited, you've only taken the next step on the entrepreneurial journey. But after some deep history on the origins of Bungie and their pre-Halo hits like Marathon and Myth, Alex explains how misleading the label "exit" is. Few people can claim the same amazing entrepreneurial accomplishments as Alex, having founded and "exited" three different game companies (Bungie, Wideload, Industrial Toys) to three very different, public, Fortune 500 companies (Microsoft, Disney, EA). This week Ethan is gushing with fanboy love for a hometown hero of his, Alex Seropian, founder of Bungie.
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