Part 5/11:
The transcript further discusses how industry professionals, like Pacor, have publicly and privately expressed opinions that seem disconnected from the consumer base. For example, in May, Pacor optimistically claimed that Ubisoft’s recent poor performance would soon turn around, suggesting that the stock’s “lack of performance over the last five years” was actually a sign of an impending rebound. Such commentary appears disconnected from the reality of declining sales, widespread criticism, and a negative reception to recent titles.