EA pours a cool $80 million into next-gen development

by Gaetano 'Xbot' Prestia Featured 2 Comments 14 Votes 463 Views 08/05/2012 Back to News

Electronic Arts is investing $80 million into "fourth-gen" console development, chief executive, John Riccitiello, told investment analysts.

Mr Riccitiello predicted future gain for console gaming in the near future, with EA hoping to expand its research and development into next-generation hardware.

As part of the company's strategy, it will have a small round of layoffs and disintegrate a number of licensed titles that it consideres to not be part of its next-generation goals.

Seeing as though only Nintendo has revealed a new console, Wii U, one can only assume that EA will be a strong supporter of the hardware.

By Gaetano Prestia

Link to us http://wii.mmgn.com/News/EA-pours-a-cool-80-million-into-next-gen
Vote for this article Log in with Facebook

EA pours a cool $80 million into next-gen development Comments

Leave a comment Log in with Facebook

Seeing as though only Nintendo has revealed a new console, Wii U, one can only assume that EA will be a strong supporter of the hardware.


Was gonna say... they've got a bit of a shortage of places to pour the money. Jumping the gun much?

whaling said:

Seeing as though only Nintendo has revealed a new console, Wii U, one can only assume that EA will be a strong supporter of the hardware.


Was gonna say... they've got a bit of a shortage of places to pour the money. Jumping the gun much?



What do you mean?

Its the general consensus that all 3 players will have a 'next gen' console out sometime in 2013 maybe early 2014 at the latest. Games don't just materialise it takes a 2-3 years to make a good game and some of the better games can take upwards of 5 years. Now is the time they would be spending money on 'next gen' game development.

Post a comment

Leave a comment Log in with Facebook

Recently Read

Featured Wii Content

Games of October: Your most wanted

Games of October: Your most wanted

06/10/2014 Polls 9 17
MMGN Game Of The Year 2014 voting now open

MMGN Game Of The Year 2014 voting now open

Tano 1 day News 3 20
Friendly Fire Show 80: GOTY extravaganza!

Friendly Fire Show 80: GOTY extravaganza!

Podcast 4 days Articles 1 3
11 Hilarious Chinese game console rip-offs

11 Hilarious Chinese game console rip-offs

Gryllis 12/12 Articles 26 56
I'm 27 years old and I have a serious Amiibo addiction

I'm 27 years old and I have a serious Amiibo addiction

Jickle 08/12 Articles 8 10
Dating a non-gamer: Steps to get them addicted

Dating a non-gamer: Steps to get them addicted

Jayden27 03/12 Articles 17 18
Disney Infinity Star Wars: Survey hints at The Force
Tano 02/12 News 2 6
PAX Aus 2015 tickets now on sale
Tano 02/12 News 0 4

Community Content

Awesome Gaming Stuff Of Tomorrow, Today! Vol. 3

Awesome Gaming Stuff Of Tomorrow, Today! Vol. 3

02/09/2014 Blog 11 0

MMGN Updates

Status
Updating..
Username

commented on Minecraft: Story Mode coming from Telltale Games

whaling 5 mins ago
Username

whaling, jfctakeme, angoose, Arnold114 commented on Win a Sony Mobile Prize Pack! Including an Xperia Z3, PlayStation 4 and Game Cave

whaling 18 mins ago
Username

commented on Super Mario Themed Fish Tank Background

vietnhamit 2 hours ago
Username

Tano, DPhoenix commented on Minecraft: Story Mode coming from Telltale Games

Tano 7 hours ago
Username

patjackman, purplesp8y, stygiaN_ and other 4 users commented on Win a Sony Mobile Prize Pack! Including an Xperia Z3, PlayStation 4 and Game Cave

patjackman 9 hours ago
Username

commented on Xbox Store Countdown to 2015 sale on now

Armige 9 hours ago
Username

commented on NBA 2K15 gets Australian servers

iSR 10 hours ago
Username

coconut1z, realcarlos commented on Win a Sony Mobile Prize Pack! Including an Xperia Z3, PlayStation 4 and Game Cave

coconut1z 21 hours ago