A story on Reuters covers their own Reuters Global Media Summit, quoting EA Chief Executive John Riccitiello on the digitally distributed future of the game business. "We're the world's leader in packaged goods games, we make more of them than anybody," Riccitiello says. "We're not suggesting that business is going away ... (but) there's this other thing that's growing." Riccitiello describes how a the recently announced 1500 layoffs at EA represent "an offensive, positive step towards the evolution of our business," saying a changing environment "means fewer titles, and needing less personnel against that side of the business." The article states: "EA currently publishes more than 50 titles and plans to cut that back to about 40 next fiscal year to focus on quality games. Riccitiello said he could see EA publishing even fewer titles going forward."