posted on 4. 02. 2009 by Lori in Industry, ea 

EA is bleeding money

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In today’s earning call, Electronic Arts‘ John Riccitiello presented the numbers for the 4th quarter 2008. The company posted a loss of $641 million.

Due to the financial situation the company is in, it has been decided that 12 instead of 9 studios will be consolidated and an additional 100 employees will be laid off.
Also, the publisher will re-focus it’s effort to the Wii, which will receive as much titles as Xbox 360 and PlayStation 3 together, including a port of blog-favorite Dead Space.

Other noteworthy announcmenets today:
Dragon Age will now be released in the later part of 2009.
The Godfather II was delayed to the fiscal year 2010 (which starts this April).
Sequels to Mass Effect — that will be going multiplatform — and Battlefield: Bad Company confirmed.

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