EA Post Loss, Close Studios
If it wasn't for those pesky Americans selling houses to people who would never pay it back...Published: 8:50, 04/02/2009 by Staff.
45You’ve got to feel sorry for EA, they’re one of our favourite publishers here at TSA, with some stellar games, but even they’re struggling in the current financial climate, according to Reuters. Apparently the software giant has posted a Q3 loss of $641 million, with shares down $2 each, forcing 1,100 job cuts across 11 studios, delays of some key titles and a “narrowed” portfolio in the future.
EA, who publish massively popular franchises like Need for Speed and Madden NFL (13 of EA’s games averaged 80% or above on popular review aggregate sites) and enjoy a 20% share in the US videogame market did however post encouraging 2010 earnings, which pushed shares back up 6.7% yesterday. FIFA 09 was EA’s best selling title with nearly 8 million copies sold across all formats. Need for Speed Undercover, despite not being great, sold 5.2 million.
Lets hope EA’s AAA titles due out this year help their recovery.
Most Comments This Week
- PS3 Firmware 4.10 Brings, Wait For It, A Decent Browser! [101]
- OnLive’s Evolution [72]
- The Ultimate Guide To PS Vita’s European Launch Line-Up [69]
- Sony Say “Entire PSN” Will Become SEN [67]
- PS Vita’s Load Times Analysed [56]
- PS Vita: Relic or Revolution? [47]
- What We Played #39 [46]
- Star Wars Kinect Sounds Like an Atrocity [45]
- PSN Store Update: 08/02/12 [45]
- Journey Is Complete, Awaiting Release Date [41]
TSAtv: Original Video Content
Batman book review
Kris Dancing, again
Joe Danger interview
Sonic Generations
Disclaimer: All comments are the opinion and responsibility of the individual author and not TheSixthAxis. You must read and agree to our terms before reading and commenting on this site. User comments are not always moderated by TheSixthAxis.