EA Financials Reveal Losses, Layoffs, Canceled Titles, Studio Closures
by Rainier on Nov. 9, 2009 @ 4:29 p.m. PST | Filed under News
Earlier today, EA announced the $300 million acquisition of social network games developer Playfish, but its just-released financial results are less optimistic. Results were better than expected, driven by FIFA 10, Madden 10, The Beatles: Rock Band, and NFS SHIFT, but it posted a loss of $391 million and will close several facilities (Black Box, EA Giburon) and lay off 1,500 employees (EA Mythic), as well as cancel over a dozen titles.