MCV/DEVELOP News, events, research and jobs from the games industry
Publisher EA has suffered another disappointing financial period with news that it suffered a $391m loss in its second quarter – a 26 per cent increase compared to the 310m loss in the same period a hear before. GAAP revenue was also down 12 per cent at $788m. In the …
Read More »Bad Company 2 LE detailed
EA has released details on the perks including in the Limited Edition version of DICE’s upcoming console shooter Battlefield: Bad Company 2 – but the biggest surprise is that the LE version will retail for the same price as the vanilla SKU of the game. Those lucky enough to get …
Read More »Viacom: Beatles sales terrific
Despite charting at number four in the UK Charts this week behind fierce rival Guitar Hero 5, EA’s The Beatles: Rock Band has so far exceeded the sales expectations of developer Harmonix’s parent company Viacom. It’s been terrific,” Viacom CEO Philleppe Dauman told investors in a conference call, according to …
Read More »EA downsizes acquisition plans
One year after EA failed in its $2 billion attempt to purchase GTA publisher Take Two, the firm has said it is no longer interested in such large-scale acquisitions. However, EA chief financial Officer Eric Brown says that the group is still interested in smaller takeovers. For the full story, …
Read More »EA losses more than double
Electronic Arts has seen both its losses increase and its revenue fall for its fiscal Q1 ending June 30th 2009, with boss John Riccitiello admitting that the video games market has proved weaker than expected. Losses for the period climbed from $95m in the same period in 2008 to $234m …
Read More »EA hoping to remake Bullfrog IP
Classic IP from defunct UK studio Bullfrog may be next in line for a next-gen re-release. That’s according to Harvey Elliott, head of EA’s UK-based Bright Light studio. Speaking to Videogamer, Elliot said If I’m making a new [Bullfrog Game] it’s got to be special to stand up there. It’s …
Read More »EA’s Pleasants joins Playdom
Emerging casual force Playdom, the firm responsible for leading MySpace social network game Mobsters, has joined this morning’s high profile exec merry-go-round by announcing its capture of former EA COO John Pleasants as its new CEO. News broke late last night not only of Pleasants’ departure from EA, but also …
Read More »Annual EA losses pass $1bn
North American based publisher EA has reported a GAAP net loss of $1.088bn for the year ending March 31st 2009 – an increase of over 100 per cent compared to the $454m loss in the same period the year before. Revenue for the period hit $4.212bn, up 15 per cent …
Read More »Moore: Boxed PC games ‘arent working’
The outspoken boss of EA Sports and former Xbox boss Peter Moore has stated that the current business model of boxed PC games is no longer viable for the publisher. We’ve got to find the right business model for us going forward,” Moore told Edge. We really want to keep …
Read More »More EA studios to suffer jobs cuts?
EA’s previously revealed cost-cutting measures continue to take effect, with Canadian studio Black Box and Florida-based team Tiburon apparently the latest to see job cuts. Click here to visit Developmag.com for the complete story .
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