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electronic arts inc. - All News and Analysis
Gaming Roundup: PS3 Costs; DRM-Free EA Downloads; More Take-Two/EA Details
Content Next
- 2008-12-23
—*Sony* losing less money on PS3's : Gamasutra reports on a new iSuppli report about the PlayStation 3's manufacturing costs—noting that it costs Sony (NYSE: SNE) about $449 to make a PS3. The consoles retail for $399—a major improvement over how much it used to cost to produce them—meaning...
EA Expands Staff Cuts To 10 Percent; Will Lay Off About 1,000, Shut At Least Nine Studios
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- 2008-12-19
Buffeted by ballooning losses and an economy that could eventually pummel game sales, Electronic Arts EA will be laying off about 1,000 workers worldwide—or 10 percent of its staff, per an 8-K filing. EA is hoping to save about $120 million from the cuts, which will include the closing...
Video Game Maker EA to Cut 1,000 Jobs
Reuters
- 2008-12-19
NEW YORK (Reuters) - Video game publisher Electronic Arts Inc ERTS said on Friday it will cut 1,000 jobs, or 10 percent of its work force, as part of a restructuring plan that will save around $120 million a year.The company plans to take charges of $55 million to $65...
Earnings: Take-Two's Losses Grow; Sales Up Slightly; But Future Forecast Looks Grim
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- 2008-12-18
Take-Two Interactive Software (NSDQ: TTWO) fought off the somewhat hostile advances of EA earlier this year, but the Grand Theft Auto publisher couldn't fight the tanking economy. The company posted a net loss of $15 million for the end of its fiscal Q4—more than double the $7.1 million loss...
Take-Two Outlook Disappoints
Reuters
- 2008-12-17
By Jennifer MartinezSAN FRANCISCO (Reuters) - Take-Two Interactive Software Inc TTWO, "Grand Theft Auto" video game publisher, set a 2009 profit target far below Wall Street estimates on Wednesday, citing weakness in retail sales, and its shares fell 20 percent.The company also reported its fourth-quarter net loss more than doubled,...
Time Warner Ups Stake In Gamer Eidos To 20 Percent
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- 2008-12-15
Time Warner (NYSE: TWX) has upped its stake in Eidos, the games developer behind Tomb Raider and Hitman, to 19.92 percent, Reuters reports. The entertainment conglomerate bought 10 million shares in Eidos last week. It now holds 52.5 million shares in the UK-based gamer. The Time Warner stake comes...
Hands-On Mobile Lays Off Undisclosed Number Of Employees
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- 2008-12-13
Hands-On Mobile, the San Francisco-based mobile game maker known for Guitar Hero and Texas Hold 'Em, confirmed today that it cut an undisclosed number of employees. CEO David White declined to say how many people were affected during the cuts, or how many employees the company will have going...
Electronic Arts: Sell-Siders Flee on Lowered 2009 Guidance
Seeking Alpha
- 2008-12-11
Ryan Barnes submits: I should put it out there that I’m not a contrarian by nature. Sometimes I agree with what the ole’ herd has to say. It just so happens that lately, the sell-side community has been slicing the ball so severely that “zigging when they zag” seems the...
Electronic Arts Likely to Become a Takeover Target
Seeking Alpha
- 2008-12-11
Bruce Everiss submits: /strong I am a great fan of John Riccitiello of Electronic Arts ERTS, he talks the talk and says more sensible things than just about any other game industry manager. More than that, he has instigated a boutique, mix and match approach to working with developers which...
Electronic Arts Downgraded Across the Board; Possible Takeover Target?
Seeking Alpha
- 2008-12-10
Eric Savitz (Barron's) submits: Electronic Arts ERTS shares are being pounded Wednesday following the company’s guide-down for its March 2009 fiscal year. The stock was downgraded by, well, almost every analyst who follow it, which of course doesn’t help anyone who owned the stock as of Tuesday’s close. The...
Electronic Arts Warns; So Much for Being Recession-Proof
Seeking Alpha
- 2008-12-09
Eric Savitz (Barron's) submits: Electronic Arts ERTS this afternoon warned that its revenue and earnings for the March 2009 fiscal year would be below the guidance it provided on October 30. The old forecast was for non-GAAP revenue of $5 billion to $5.3 billion, and non-GAAP EPS of $1...
Is Mobile Gaming Thriving Or Struggling? Depends Who You Ask
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- 2008-12-04
A day after Glu Mobile (NSDQ: GLUU) said it would shed staff and cut CEO Greg Ballard's salary to prepare itself for what it called the "increasing economic headwinds" facing the sector, its larger rivals Electronic Arts (NSDQ: ERTS) and Gameloft (EPA: GFT), told Reuters that the market is...
EA Buys Korean Online Game Developer J2M; Shanda Invests In Two Chinese Gaming Firms
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- 2008-12-03
Three gaming related deals in Asia:-- Electronic Arts (NSDQ: ERTS) has increased its presence in Korea, after buying mobile gaming arm of Hands-On earlier this year: it has now bought J2MSoft, a Korean developer of PC and online games. J2M develops free-to-play online games which are monetized through micro-transactions...
EA Buys Korean Online Game Developer J2M; Shanda Invests In Two Chinese Gaming Firms
Content Next
- 2008-12-03
Three gaming related deals in Asia:-- Electronic Arts (NSDQ: ERTS) has increased its presence in Korea, after buying mobile gaming arm of Hands-On earlier this year: it has now bought J2MSoft, a Korean developer of PC and online games. J2M develops free-to-play online games which are monetized through micro-transactions...
EA Taps Ballerinas to Solve Game-Induced Motion Sickness
BNET
- 2008-11-24
The video game industry has produced games that make us smarter, scare us to death and even help us burn excess calories. Now games can make players physically ill as well. Electronic Arts' new title Mirror's Edge is a first-person adventure game set in a futuristic police...
EA Sued Twice More over Use of DRM Technology
Seeking Alpha
- 2008-11-12
Seth Gilbert submits: In early September, EA ERTS began selling the highly anticipated PC game title, Spore, around the globe. The ambition was huge, the hype enormous. Spore was to be a “sure thing” hit. So far, it’s lived up to that expectation. The game is the top seller...
Tech Roundup: EA Reorg, Brash Cash Dash, Facebook Flush, WAP Problems, More
BNET
- 2008-11-08
EA loses exec and reorganizes; Brash Entertainment has many millions less than it thought; Nokia gets into micro-blogging; Facebook is fine for money, but thanks for asking; and researchers crack WAP security, spelling insecurity for wireless. by Erik Sherman
Electronic Arts Undervalued After a Rough Year
Seeking Alpha
- 2008-11-06
Electronic Arts ERTS has had a rough year. The failed run at Take-Two Interactive TTWO was a major distraction. Last week, $ERTS announced more poor financial results. Analysts are openly questioning the company’s strategy while others are raising the question of $ERTS now being a takeover candidate themselves. So how does...
Electronic Arts: Stock Drops on Lowered Guidance
Seeking Alpha
- 2008-11-02
Ryan Barnes submits: Video game publisher Electronic Arts ERTS just hasn’t been able to find its stride ever since the new game console units came out two years ago. The company discounted the marketability of the Wii, leaving R&D woefully behind for the social phenomenon. Its heralded franchise...
Tech Roundup: Verizon and Alltel OK, EA Lowers Outlook, Yahoo Open Platform, More
BNET
- 2008-10-31
DoJ tells Verizon to go ahead in Alltel purchase but only if it sheds a number of local markets; Intel to open a develoment center in Taiwan and puts money into a wireless carrier; EA lowers outlook and plans to lay off employees; Yahoo opens a developer platform; and Apple...
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- Revenue (Fiscal Year) $3.6B
- Profit (Fiscal Year) ($454.0M)
- Incorporated: 1982
- CEO: Mr. John Riccitiello
Electronic Arts develops, markets, publishes and distributes video game software and content on a variety of platforms, including video game consoles such as the Sony PlayStation® 2 and PLAYSTATION® 3, Microsoft Xbox 360™ and Nintendo Wii™, personal computers, including the Macintosh, handheld game players such as the PlayStation® Portable™ and Nintendo DS™ and iPod®, as well as cellular handsets. Co. also provides online game-related services, including matchmaking and subscription services, for these platforms. Co. is organized into four labels: EA Games, EA SPORTS, The Sims and EA Casual Entertainment as well as an additional group that works closely with the labels, Global Publishing.
Stock Quote
Board of Directors
Mr. Lawrence F. Probst III Chairman
Mr. Leonard S. Coleman Jr.
Mr. Gary M. Kusin
Mr. Gregory B. Maffei
Mr. Vivek Paul
Mr. John Riccitiello
Mr. Richard A. Simonson
Ms. Linda J. Srere
Ms. Geraldine B. Laybourne
NAICS Code
Software Publishers: 511210
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