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.
Loved the talk about sharing achievements across consoles and PCs!
Great show. Always fun to hang out with the guys. I’m psyched to finally check out Spider-Man.
Hi guys.
You know it: thanks for the episode 🙂
I did not played so much the last weeks, little bit God of War and some Magic Arena… that’s all.
Can’t write so much this time, cause I don’t know all the games you talked about.
I don’t care a lot about achievements except in WOW.
Alle hear launcher you talked about: it really is annoying! I have this one installed, which combines all of them … GOG … at least it’s better than having 5 or 6 of them 🙂 It’s not perfect, but it is the right way!
I am still waiting for some Metroidvania games to come out. Maybe there will be more if I will watch, what they showed at the indie booth at GamesCom … but until now I have not seen anything from the GamesCom.
That’s alle for this time!
Please stay as you are and stay healthy!
Greetings from Germany!
Ralf