EA Lowers Outlook, Plans Cuts

This press release from Electronic Arts warns investors it is lowering its financial guidance for fiscal year 2009 due to lower than expected sales in North American and Europe. This is bad news for investors, and worse news for gamers and some EA employees, as the announcement also says EA "is continuing to pursue cost saving initiatives including a reduction of its product portfolio for fiscal year 2010 with additional associated headcount reductions and facility consolidations." Gamasutra reports on a related conference call where EA CEO John Riccitiello says the company's focus for the next year will be titles with the greatest "hit potential," and strong online features. Word is the sports label will likely remain unaffected and Riccitiello also specifically praised Spore, Dead Space and Warhammer, while expressing faith in Mirror's Edge, saying it: "was very strongly reviewed... we'll be looking at some issues around the design to make sure that strong IP is married with strong business. Many times, what happens with new IP is the first edition doesn't generate the units that subsequent editions could generate. In this particular year, the consumer might have been more reticent to take risks than they might otherwise be, and it was a very crowded holiday."
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19.
 
Re: EA Lowers Outlook, Plans cuts
Dec 10, 2008, 14:01
Kxmode
 
19.
Re: EA Lowers Outlook, Plans cuts Dec 10, 2008, 14:01
Dec 10, 2008, 14:01
 Kxmode
 
EA bashing is sooo 2004. They have been decent lately.

Dude don't delude yourself. No really... don't.
"Listen, Peter... with great horsepower comes... the sickest drifts..." - source
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18.
 
Re: EA Lowers Outlook, Plans cuts
Dec 10, 2008, 11:50
nin
18.
Re: EA Lowers Outlook, Plans cuts Dec 10, 2008, 11:50
Dec 10, 2008, 11:50
nin
 
They have been decent lately.

Ah-hahahaha! What a riot!
17.
 
Re: EA Lowers Outlook, Plans Cuts
Dec 10, 2008, 08:33
17.
Re: EA Lowers Outlook, Plans Cuts Dec 10, 2008, 08:33
Dec 10, 2008, 08:33
 
I don't know what all this Riccitiello bashing is about. Sure, being the head of the EA food chain he has to take responsibility for mishaps, but come on, the blame is squarely at the feet of some of those sanctimonious & egotistical pricks they've got working there. THEY are the ones who need to get fired. They are the ones who get to Green light games, sequels and the next drivelware.

As for Mirror's Edge, he is right. It was a new IP in a crowded holiday season. But he can cry me an ocean if he didn't know that since Q2. That is NO excuse.

I for one applaud them (the credit is not with DICE since EA gets to Green light the games regardless of what they think) for trying something new. Dark Space (a Bioshock clone if I ever saw one), Mirrors Edge were two new IPs which they can grow if they actually stick with them instead of turning them to the cookie cutter madness that became of The Sims, Battlefield and every other EA property.

IMO, the next EA project to tank is going to be BF Heroes. Especially in the face of L4D (and whatever new and addictive madness Valve is cooking up as I type this), Quake Live (which doesn't stand a Ghost in hell chance), Parabellum (scripted movies aside, it looks nice), the venerable Team Fortress 2, and whatever rubbish Garage Games (have you seen Legions? *sheesh*) is currently cocking up.

Even if EA gets smaller, they're not likely to end up being so small that they become insignificant. My guess is that - unchecked - they are going to suffer the same demise as the likes of Eidos (which started off as Domark), Atari, Midway and every other big wheel that became a small cog, then got wrenched right off the assembly line.

It is never a good thing when people lose their jobs, but in some cases, it is the right thing to do and most people deserve it. Incompetence and underperformance should not be rewarded. But try telling that to the US govt. who've decided to take my money and give it to the auto-makers, rather than letting them fall into bankruptcy and thus get restructured and with better [trustee] oversight. Car czar my ass.

Anyway, for EA, now would be a really good time to rethink those DRM policie I think.
Game developers are just human beings who happen to make games for a living. If you want to hold us up to higher standards of conduct, then go ahead
...but don't be surprised if we don't uphold them
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16.
 
Re: EA Lowers Outlook, Plans Cuts
Dec 10, 2008, 03:21
16.
Re: EA Lowers Outlook, Plans Cuts Dec 10, 2008, 03:21
Dec 10, 2008, 03:21
 
Hard to believe assholes like riccitiello who are destroying the free market with massive consolidation, to prevent competition are allowed to keep their jobs, hell they should be imprisoned.
Scorpio Slasher: ... What about you boy, what do hate?
Marcus: ... Bullies. Tiny d*ck egotists who hurt people for no reason, make people lock their doors at night. People who make general existence worse, people like you.
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15.
 
Re: EA Lowers Outlook, Plans cuts
Dec 10, 2008, 02:15
Prez
 
15.
Re: EA Lowers Outlook, Plans cuts Dec 10, 2008, 02:15
Dec 10, 2008, 02:15
 Prez
 
Spore wasn't released with asinine DRM in 2004 - it was released this year. SO bashing EA is still a valid pastime!
“The greatness of a nation and its moral progress can be judged by the way its animals are treated.”
- Mahatma Gandhi
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14.
 
Re: EA Lowers Outlook, Plans cuts
Dec 10, 2008, 02:07
AW
14.
Re: EA Lowers Outlook, Plans cuts Dec 10, 2008, 02:07
Dec 10, 2008, 02:07
AW
 
EA bashing is sooo 2004. They have been decent lately. Certainly leagues better than the other multi-platform companies (coughActivisioncough)

Maybe they should just buyout Valve and focus on Digital Distro. for profit and scale back their ambitions on HD games.
13.
 
Re: EA Lowers Outlook, Plans cuts
Dec 10, 2008, 01:28
13.
Re: EA Lowers Outlook, Plans cuts Dec 10, 2008, 01:28
Dec 10, 2008, 01:28
 
EA CEO John Riccitiello:

Brand Manager at Clorox.
Marketing Director at Pepsi Co.
Haagen-Daaz Managing Director

Then off to Presidential heights at Wilson Sporting Goods and Sara Lee's Bakery divisions

Was COO of EA from 1997 to 2004, then got Bono to front him some money for shady bs-illuminati style IP investing...but screwed that all up by not securing Eidos right out of the gate and then came back to EA as CEO in late '07.

There isn't one thing about this bozo that doesn't scream uncreative bean-counting puppet professionally or personally. You can probably lay most of EAs fail squarely at his feet. No matter how many phone calls from Bono he might get in a good month.
12.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 22:37
Kxmode
 
12.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 22:37
Dec 9, 2008, 22:37
 Kxmode
 
It might be bad news for WAR players hoping for a big turn-around
"Listen, Peter... with great horsepower comes... the sickest drifts..." - source
Avatar 18786
11.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 22:21
11.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 22:21
Dec 9, 2008, 22:21
 
This is bad news for investors, and worse news for gamers and some EA employees

It's not bad news for gamers at least.
10.
 
investor speak
Dec 9, 2008, 22:17
Kxmode
 
10.
investor speak Dec 9, 2008, 22:17
Dec 9, 2008, 22:17
 Kxmode
 
This is bad news for investors, and worse news for gamers and some EA employees, as the announcement also says EA "is continuing to pursue cost saving initiatives including a reduction of its product portfolio for fiscal year 2010 with additional associated headcount reductions and facility consolidations."

Translations: less games, less staff, less offices... good. Less EA is more.
"Listen, Peter... with great horsepower comes... the sickest drifts..." - source
Avatar 18786
9.
 
The fucking asswipe
Dec 9, 2008, 21:42
9.
The fucking asswipe Dec 9, 2008, 21:42
Dec 9, 2008, 21:42
 
"to make sure that strong IP is married with strong business."

How about you make sure that strong IP is married with strong GAMEPLAY, fuckwit?

God, I rue the fucking day that Bioware sold themselves out because they thought this fuckhole was going to rejuvenate gaming. Idiots.

Creston
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8.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 21:17
8.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 21:17
Dec 9, 2008, 21:17
 
Die EA, die.
7.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 21:12
7.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 21:12
Dec 9, 2008, 21:12
 
be titles with the greatest "hit potential," = more Madden and Sims
strong online features = screw you pirates!
6.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 20:40
Prez
 
6.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 20:40
Dec 9, 2008, 20:40
 Prez
 
I have to echo necrosis' comment. EA sucking is not bad news for gamers. It MAY however serve as a wake-up call for them to get their shit together and stop being friggin' jackasses. That would be good news for gamers. But it probably won't work that way.

This comment was edited on Dec 9, 2008, 20:44.
“The greatness of a nation and its moral progress can be judged by the way its animals are treated.”
- Mahatma Gandhi
Avatar 17185
5.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 20:33
5.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 20:33
Dec 9, 2008, 20:33
 
Just when EA has started to do shit right...
4.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 20:06
4.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 20:06
Dec 9, 2008, 20:06
 
8 hour fecal waterslide.

With more guns.
3.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 19:49
3.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 19:49
Dec 9, 2008, 19:49
 
That or they'll push out the Sims 3 expansions twice as fast.
Huh? I'm sorry, I was thinking about cake.
2.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 19:13
2.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 19:13
Dec 9, 2008, 19:13
 
Bad news for gamers? This will spare us the repetitive crap they have been pushing for years.
1.
 
Re: EA Lowers Outlook, Plans cuts
Dec 9, 2008, 19:08
1.
Re: EA Lowers Outlook, Plans cuts Dec 9, 2008, 19:08
Dec 9, 2008, 19:08
 
Translation... Mirror's Edge 2 will be a sequel in name only. 3rd person, focus on combat in a gritty, dystopian open-world setting. Thrill to off-road vehicle action!
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