Never Tell Me The Odds: Loot Boxes On Trial With The FTC (VL84) (Hoeg Law)

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By Hoeg Law. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Appearing before the Federal Trade Commission (FTC) and its lootbox workshop ("Inside the Game"), the Entertainment Software Association (ESA) dropped a bombshell: Nintendo, Sony, and Microsoft would be requiring publishers to include drop rate tables in all games that contained a lootbox mechanic. But why did this happen today? What can the current (and historical) regulatory environment tell us about what the industry is facing? And how does the ESA's carefully worded statement not quite say what they want you to think it says? We always drop legendaries at 100%...in Virtual Legality. CHECK OUT THE VIDEO AT: https://youtu.be/YBgme0Cf8LY #FTC #Lootboxes #DropRates *** Discussed in this episode: "Nintendo, Microsoft, and Sony commit to drop rate disclosures for new games with loot boxes" The Verge - August 7, 2019 - Makena Kelly (https://www.theverge.com/2019/8/7/20758626/nintendo-microsoft-sony-loot-box-drop-rate-disclosure-video-games) "Inside the Game: Unlocking the Consumer Issues Surrounding Loot Boxes" FTC Workshop Description (https://www.ftc.gov/news-events/events-calendar/inside-game-unlocking-consumer-issues-surrounding-loot-boxes) "Nintendo, Sony, Microsoft to require loot box odds disclosure" GameIndustryBiz - August 7, 2019 - Brendan Sinclair (https://www.gamesindustry.biz/articles/2019-08-07-nintendo-sony-microsoft-to-require-loot-box-odds-disclosure) "Entertainment Software Rating Board" Wikipedia (https://en.wikipedia.org/wiki/Entertainment_Software_Rating_Board) *** FOR MORE CHECK US OUT: On Twitter @hoeglaw At our website: https://hoeglaw.com/ On our Blog, "Rules of the Game", at https://hoeglaw.wordpress.com/ On "Help Us Out Hoeg!" a regular segment on the Easy Allies Podcast (formerly GameTrailers) (https://www.youtube.com/channel/UCZrxXp1reP8E353rZsB3jaA)

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