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newsMar 29, 20261:15

Amplitude Energy Flops, Energy Stocks Plummet

About this episode

Amplitude Energys offshore project in Victorias Otway Basin was deemed uncommercial, leading to a significant drop in their stock price and market cap. Meanwhile, energy stocks continue to rise due to Middle East tensions, while tech and defense sectors show promise.

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Amplitude Energy Flops, Energy Stocks Plummet

Adelaide News Today | 2 Min News | The Daily News Now!

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Full transcript

Adelaide News Today | 2 Min News | The Daily News Now!Amplitude Energy Flops, Energy Stocks Plummet. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Video games walk a tight line between art and straight up products, and that's sparking real tension for developers in Australia. Researchers Zyanab Darbus dug into public funding programs and found they pushed hard for industry growth and profits, while many devs see their work as pure cultural expression. Back in 2003, a game called Escape from Umerus snagged $25,000 Australian dollars from the Arts Council, one of the first, to get that support. That's forward over 20 years, and Australia's got a solid scene with grants flowing nationwide. But Darbus's review of more than 50 reports shows funders balancing cultural value against economic winds, making programs feel super, business oriented, devs, she interviewed love the funding, calling it a lifeline, and awesome, but hate the rigid applications. They feel gross filling out corporate forms that treat them my companies, not artists, saying it dehumanizes their creative flow. For work highlights fixes like sample apps, better feedback, flexible formats, and spots

for community events to make things more artist friendly, bottom line, hits like untitled goose game, owe their success to this funding, so tweaking programs to match devs' vibe keeps the culture thriving, without forcing them into a profit mold. I'm Corey with The Story, and you've been listening to Adelaide News today, AI-powered local news.

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