Today according to IGN, EA has suffered a financial loss of $641 million
over the third quarter of the financial year and will soon be looking
shutting down 12 of their operating facilities that will negatively affect over 1,000 jobs.
In 2008 EA introduced some new IP's to the market in such titles
as Mirror's Edge, Dead Space and Battlefield: Bad Company which have
all sold over a million copies. From industry reviews and my own
personal experience EA has definitely stepped the quality of their
games way up from past years. In fact according to VGChartz, Battlefield: Bad Company is nearing the 2 million sold mark.
Nevertheless, while all this is good news, it has not been nearly
enough to help EA dig out this deep financial hole.
According to IGN;
"Our holiday quarter came in below our expectations and we have
significantly reduced our financial outlook for fiscal 2009, a clear
disappointment. We delivered on game quality and innovation in calendar
2008, with 13 titles rated 80 or above - more than any third-party
publisher. We expect to build on this great quality record in the year
ahead while delivering more profitability." said CEO John Riccitiello
in a recent call up picked by gamesindustry.biz
With this kind loss there is no guess work needed on why EA has
announced that they will be bringing more major titles to Nintendo's
industry leading Wii platform. The article also states that Dead Space
and Battlefied: Bad Company are also headed to the Wii.
These financial woes are unfortunate for EA, however Wii users will definitely have a lot to look forward to.
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You gotta feel sorry for them, EA finally get their act together and post a massive $641mil loss, I guess I didn't help, I only bought 2 of their titles in Battlefield and FIFA 09, have looked at getting Mirror's Edge for a while though, just want the game to justify the purchase.
The thing that has to be asked too is, if a game is breaking the 1mil sold mark and is still unprofitable, then how many do they need to sell in order to BE profitable.
I really hope EA can come through this one, as they are certainly a company on the rise now after really slacking off.
I got to admit after I played Dead Space I hope to christ they can survive this.
on deadspace downloadable content i love the scorpion suit.
"EA SPORTS ITS SORTA NOT IN THE GAME"