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Bloodbath Ahead For EA As It Looks To Cut $700 Million In Annual Costs Under Saudi Arabia (kotaku.com)
submitted 1 week ago by to c/games@lemmy.world
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[–] 67 points 1 week ago (3 children)

People have been predicting the death of EA for over twenty years.

Meanwhile, they release another Madden and another FIFA and another Sims and another Star Wars, then mint themselves another $7B. Nevermind that all of these games are just reskinned copies of the games they've been releasing going back to the mid-90s.

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  • [–] 46 points 1 week ago (1 child)

    Yesn't.

    That may have been somewhat true in the past, but it is hard to articulate just how big of a hole they are in right now. The leveraged buyout has pushed EA's debt to over $20Billion USD.

    They make that money back or they might not, but they are going to absolutely pillage and destroy the company in the process. The word that often follows "leveraged buyout" is "bankruptcy". It's a tale as old as corporate history.

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  • [–] 9 points 1 week ago (1 child)

    Maybe. But there's an enormous amount of money to wring out of EA, even with the debts. And you can go back decades to read about their deplorable labor practices. This isn't even the first time EA has been subjected to this kind of aggressive cash hungry squeeze.

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  • [–] 10 points 1 week ago*

    Another Sims? Don't be daft. They'll release another Sims DLC and get all the money with much less effort.

    Seriously, 4 has been a cash cow for over a decade now, with biannual expansion packs.

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