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Electronic Arts, Inc (ERTS)

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Electronic Arts, Inc (ERTS)
EA Buys Bioware & Pandemic

IGN - October 11, 2007


Submitted by Joe80 (8) at 2:22PM PST on October 11, 2007


"Electronic Arts announced today that it has purchased the holding company that owns BioWare [Mass Effect] and Pandemic Studios [Mercenaries 2]. The acquisition will cost EA about $775 million, which includes a $650 million cash payment to the stockholders of VG Holding Corp., which directly owns the two developers, and an additional $155 million in equity to select VG employees. As part of the agreement, EA said it plans to lend up to $35 million to the company through the closing of the deal, expected in January. EA will also assume outstanding VG Holding Corp. stock options. VG Holding is owned by Elevation Partners, which invested $300 million in BioWare and Pandemic in November 2005, creating one of the world's best-funded and largest independent game development houses."
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Electronic Arts, Inc (ERTS)
EA cutting prices on sports games.

Forbes - November 13, 2007


Submitted by kspraydad (18) at 9:23AM PST on November 13, 2007


Analysts said Tuesday that video game maker Electronic Arts Inc. is cutting prices on sports games, which the analysts said is a bad sign going into the holiday season. The games affected include important sports titles such as "NBA Live 08," "Madden NFL 08" and "Tiger Woods PGA Tour 08."
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Electronic Arts, Inc (ERTS)
EA CEO: Game Industry Consolidation Slowing Down

Game daily - December 3, 2007


Submitted by Heloise10 (117) at 6:55AM PST on December 3, 2007


On Friday EA CEO declares the end of mergers in the industry. On Monday Vivendi and Activision merge. PRICELESS! (well how much is he paid?)
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Electronic Arts, Inc (ERTS)
EA Confirms EA Chicago is Closing

Kotaku.com - November 6, 2007


Submitted by feelmyring (35) at 11:55AM PST on November 6, 2007


"Within the EA Games Label, we are committed to running each franchise and facility as a city/state, teams with unique creative identities as well as responsibility for product quality, ship dates and profitability....Unfortunately, EA Chicago hasn't been able to meet that standard....Closing EA Chicago is the toughest decision I've made in my career - one that in no way reflects on the talent and dedication of the people who work there."
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Electronic Arts, Inc (ERTS)
EA Shares Hit 52-week High

nexgen - October 14, 2007


Submitted by vobbo (60) at 1:48PM PST on October 14, 2007


Stock rose $2.48 in morning trading to $61.17, following yesterday’s announcement that EA would beat its Q2 revenue and earnings guidance.
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Electronic Arts, Inc (ERTS)
EA's Next Big Move: Take-Two?

GameDaily Biz - December 5, 2007


Submitted by feelmyring (35) at 4:44PM PST on December 5, 2007


"GameDaily BIZ speaks with four top game industry analysts who look into their crystal ball to see how EA might react to Activision Blizzard. One analyst sees Take-Two as a good fit."
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Electronic Arts, Inc (ERTS)
Sequels are Dull & Threaten Industry says EA

Next Gen Biz - July 9, 2007


Submitted by rikitikitik (6) at 4:15AM PST on July 9, 2007


John Riccitiello, CEO of Electronic Arts, challenges software publishers and developers to offer more innovative titles. He says that sequels and rehashes are "boring people to death and making games that are harder and harder to play."
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Electronic Arts, Inc (ERTS)
Free Game with Rock Band Replacements

1up.com - December 3, 2007


Submitted by CrAzZyYmAn (254) at 8:41AM PST on December 4, 2007


Electronic Arts offers a free mystery game for delays. It's no secret: the first wave of Rock Band bundles included a fair amount of busted guitars, which Electronic Arts has been replacing for free via its support website. Well, that's the plan, at least -- overwhelming demand seems to have slowed down the process, but EA is sweetening the pot for those whose rock dreams have been crippled by a broken guitar controller.
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Electronic Arts, Inc (ERTS)
EA Restructures into Four Labels

GameDaily - June 18, 2007


Submitted by frogcrusher (489) at 10:04AM PST on June 19, 2007


In a move to streamline its operations and improve its overall global focus, juggernaut publisher Electronic Arts has reorganized into four distinct units: EA Sports, EA Games, EA Casual Entertainment and The Sims.
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Electronic Arts, Inc (ERTS)
Harry Potter sold (not shipped) 2 million in 4 days

Gamespot - August 1, 2007


Submitted by Joe80 (8) at 5:57PM PST on August 1, 2007


Harry Potter Order of the Phoenix has sold (not shipped) 2 million in its first 4 days at retail. Command & Conquer 3 has reached 2 million sales as well. EA announced this news in their Q1 earnings, April-June press release. Other info in the article includes a drop in earnings of 4% & 8 new IPs for 2008.
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