Peter Bell

Founder, Purpose Made. Helping studios and boardrooms maximise IP value.

Gaming

Sega just spent five years and ¥100bn learning what one developer already knew

May 15, 2026

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5 min read

Sega just spent five years and ¥100bn learning what one developer already knew

Curry Barker's Obsession, Johnny Galvatron's Mixtape, and the disclosure inside Sega's earnings deck that explains the rest of the slate.

Peter Bell

Gaming

May 1, 2026

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6 min read

Attention is the easy part.

The four stories that drew my gaze this week are all about the gap between attention and conversion: who has the audience, who can turn it into revenue, and who is finding out the second part is harder than the first.

Peter Bell

Gaming

Five signals in twenty-four hours, each one repricing an asset the market thought it understood

Apr 22, 2026

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4 min read

Five signals in twenty-four hours, each one repricing an asset the market thought it understood

The Daily Digest — Apr 22

Peter Bell

Gaming

Gulf sovereign capital is quietly becoming entertainment's most important investor

Apr 21, 2026

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4 min read

Gulf sovereign capital is quietly becoming entertainment's most important investor

The Daily Digest — Apr 21

Peter Bell

Gaming

The distance between building something and getting it to people who would pay for it

Apr 3, 2026

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5 min read

The distance between building something and getting it to people who would pay for it

The Daily Digest — Apr 3

Peter Bell

Gaming

What separates the things that endure from the things that don't

Apr 2, 2026

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4 min read

What separates the things that endure from the things that don't

The Daily Digest — Apr 2

Peter Bell

Gaming

Nintendo doesn't need its consoles to carry the franchise anymore

Apr 1, 2026

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5 min read

Nintendo doesn't need its consoles to carry the franchise anymore

The Daily Digest — Apr 1

Peter Bell

Gaming

Who controls the layer between the characters and the audience?

Mar 31, 2026

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4 min read

Who controls the layer between the characters and the audience?

The Daily Digest — Mar 31

Peter Bell

Gaming

Does the audience's attachment belong to the platform, the hardware, or the world?

Mar 30, 2026

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4 min read

Does the audience's attachment belong to the platform, the hardware, or the world?

The Daily Digest — Mar 30

Peter Bell

Gaming

The money moved away from the people who make games

Mar 27, 2026

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5 min read

The money moved away from the people who make games

The Daily Digest — Mar 27

Peter Bell

Gaming

The industry cut a thousand jobs and celebrated a record debt sale on the same day

Mar 26, 2026

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4 min read

The industry cut a thousand jobs and celebrated a record debt sale on the same day

The Daily Digest — Mar 26

Peter Bell

Gaming

Epic, Nintendo, and Sony all cut the story that justified their cost structures

Mar 25, 2026

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3 min read

Epic, Nintendo, and Sony all cut the story that justified their cost structures

The Daily Digest — Mar 25

Peter Bell

Gaming

Two stories about who controls the infrastructure of entertainment

Mar 24, 2026

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3 min read

Two stories about who controls the infrastructure of entertainment

The Daily Digest — Mar 24

Peter Bell

The gap between what something takes to build and what the market gives it to prove itself

Mar 23, 2026

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5 min read

The gap between what something takes to build and what the market gives it to prove itself

The Daily Digest — Mar 23

Peter Bell

Ownership is moving faster than the things being owned

Mar 21, 2026

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3 min read

Ownership is moving faster than the things being owned

The Daily Digest — Mar 21

Peter Bell

Capital is choosing sides, and the old categories are dissolving

Mar 20, 2026

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6 min read

Capital is choosing sides, and the old categories are dissolving

The Daily Digest — Mar 20

Peter Bell

Peter Bell

Sega just spent five years and ¥100bn learning what one developer already knew

Attention is the easy part.

Five signals in twenty-four hours, each one repricing an asset the market thought it understood

Gulf sovereign capital is quietly becoming entertainment's most important investor

The distance between building something and getting it to people who would pay for it

What separates the things that endure from the things that don't

Nintendo doesn't need its consoles to carry the franchise anymore

Who controls the layer between the characters and the audience?

Does the audience's attachment belong to the platform, the hardware, or the world?

The money moved away from the people who make games

The industry cut a thousand jobs and celebrated a record debt sale on the same day

Epic, Nintendo, and Sony all cut the story that justified their cost structures

Two stories about who controls the infrastructure of entertainment

The gap between what something takes to build and what the market gives it to prove itself

Ownership is moving faster than the things being owned

Capital is choosing sides, and the old categories are dissolving

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