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

by Gaetano Prestia Featured 2 Comments 14 Votes 338 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

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Kudos: 14,833

whaling

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?

08/05/2012

On a vessel.

Kudos: 1,538

Jet

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.

08/05/2012

Brisbane

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