Sony’s in the news again, but not in a positive way. Meanwhile, a classic game may be remastered and bitcoin fraud continues to be a problem.
Let us know what you think.
Halloween is a scary time of year, no less when you’re posting a $310 million net loss. EA CEO John Riccitiello sees “weakness” at retail in October and we’re betting this isn’t the end of the road of sorrow for game publishers around the globe.
Electronic Arts isn’t unfamiliar with bad times and we’re sure to see them make constant adjustments to their headcount, game releases and press as the economy goes into a bit of a slump. Although the game industry won’t see as big a hit as the financial market, everyone is going to watch their spending during slower economic times.
That slowness is a red flag for the mega-publisher, which says it’s “proactively making cost adjustments now.” One of those adjustments is the axing of some 600 EA employees across the globe. (Kotaku)
Last year Electronic Arts lost a “small” $195 million during the same time, not exactly a gold star on the financial records but it sure looks better than this loss. A few games may crumble under the economic pressures, Tiberium for example, but let us not forget the good times! EA posted some nice figures for Spore, Madden NFL 09, Warhammer: Age of Reckoning and Mercenaries 2: World in Flames.
So, they mixed a few sequels with a few new franchise hits and gave gamers some pretty hot titles for the year. Of course, hot titles in our hand do not always translate to positive revenue in theirs.
If you’re wondering what happened to Episode 405, it was recorded, but Jonah’s power supply self-destructed, and wasn’t available til Wednesday, and by then it was too late to post it. (It will be posted at some point in the near future.)
Instead, check out these week’s news:
Question of the Week: Do you or have you pulled videogame all-nighters on weeknights?
This podcast was recorded on short notice, so it’s on the short side. It’s also a little dated, since the Fallout 4 news was going to be announced the next day at the recording, and the publishing is a day after it’s official reveal. There’s an actual Gaming Flashback this week, with Destroy All Humans!, which shockingly Paul never played.
The news in this podcast includes:
All this and Listener Feeedback.
