Electronic Arts has outlined more details regarding its financial savings plan, first announced earlier this month, noting that although restructuring will cost around USD 55-65 million over the next few quarters, the company stands to save USD 120 million annually as a result.
Around 1000 people will leave EA, the majority by the end of March 2009, a move that will cost around USD 30-35 million, while nine studios will be consolidated or closed.
Among those to be shut will be the Black Box Studio in Vancouver, with that team moving to nearby Burnaby. Location-based costs are expected to reach USD 23-28 million, with other asset impairment charges totalling approximately USD 2 million.
"EA is implementing a plan to narrow its product portfolio to focus on hit games with higher margin opportunities," read a statement. "The company remains committed to taking creative risks, investing in new games, leading the industry in the growing mobile and online businesses, and delivering high-quality games to consumers."
EA's share price closed up on Friday by 3.76 per cent at USD 17.39.
Square Enix launches Final Fantasy X 25th anniversary site, revealing new Nomura art, books, music releases, and merchandise.
Look I know VIII has its issues and all that but how on earth can the do big anniversary events with new artwork and merchandise for VII, IX and X yet VIII got sweet f*** all.
They could have given it something during its 25th anniversary yet all it got was a single Happy Anniversary post on their social media.
they should know that we are OG fans of VIII as it sold truckload as well. not as much as VII or X. I personally didn't like IX but X and VI are my personal fav.
Shadow Hearts 2 covenant is another game I love. I hope one day someone can make remake, I would be delighted
Final Fantasy VIII is great and you are always the first to defend it in the comments
A brutal reset, a smarter story, and a return to what made it great—Mortal Kombat (2011) revived the series.
Underrated comment. I used to hate that game so much that any time my siblings asked me to play it, I just picked Hom and shut myself down mid-match.
15 years went by so fast. I remember playing through the story mode at launch.
Why did Sony push Shuhei Yoshida out of his role leading PlayStation's first-party games? He'd overseen some huge successes. Well, apparently, he didn't listen.
Yeah I can see that for sure. Shuhei Yoshida should have been in charge not Jim Ryan.
It should be free highway for him now.. but Sony are too stupid to see this, especially that moron Hulst
Wtf why all that anger. PlayStation is dominating on every level. Besides I think there is a little more to hiring a CEO than just who is available. Its not like its a athlete your team wants to buy.
S2Killinit
live service failures, chasing trends, closing studios. yes dominating
Sony is Dominating because competition is not existing. Compared to previous gens this is the poorest in terms of software offerings.
Last gen we got Uncharted 4 Lost Legacy and TLOU2 from ND alone.
This is so far a remasters gen, with no competition to lift up the quality
..."PlayStation is dominating on every level"....
...Really???
PlayStation are soon heading into a new generation in the not to distant future. They currently have the worst customer satisfaction they've ever sustained as a company. The company is heading for a huge crash while at the same time they'll need to be planning how they are going to try and win back that favour and the build up to their new releases.
Yes financially they're winning but they're going to have to ride out this complete public corporate disaster. No one has faith in the company or the product anymore. They've damaged their public image so much this generation. Greed can kill anyone.
He would've done the same thing and fire Jim Ryan and Shuhei would be the villain. Why?
Because Elite creates the narrative and distraction for gamers, users and citizens.
More confirmation that Jim Ryan is the culprit for what has happened to Sony. Hulst needs to go too. What sucks is that a lot of the good top heads at Sony are no longer there. I wish that guys that were forced out prematurely by Dumbo Jimbo like Shuhei and Layden came back.
Yep. Yoshida was responsible for bringing one of the best games of this generation to playstation (Stellar Blade). He is an actual gamer and is in touch with what gamers want (creative, fun games, not GaaS and agenda pushing). He also seems like a genuinely nice guy if you watch some interviews. Of course they got rid of him.
Makes you wonder if MS even thought about hiring him after Phil and Sarah were leaving. He certainly couldn't make their situation any worse.
All the gamer/consumer lead heads are gone across PS and Xbox. shuhei gone phil's gone (questionable) but gone. The future of gaming is somewhat uncertain across the board.
...Peter Moore hasn't jumped ship yet.
EA, stop making NBA Live. Leave it to the 2K guys for starters.
i wonder what the other studios are
now if they close down the people that make madden we might get an real version of what football video game should be ..not that arcady crap there putting out each and every year
but if you go to any gamestop around the country there are an ton of madden 06-09 for the 360 sitting in there .that should be an sign to step there game up but they havent..me and my friends have went back to playin nfl 2k5 and all pro 2k8 to get that football we long for in our system