you are viewing a single comment's thread
view the rest of the comments
[–] 114 points 3 months ago (13 children)

Well that’s the end of EA. The owners will tear it apart and bleed it dry.

  • source
  • hideshow 13 child comments
  • [–] 65 points 3 months ago (5 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.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 43 points 3 months ago (2 children)

    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.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 9 points 3 months 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.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 10 points 3 months 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.

  • source
  • parent
  • [–] 1 point 3 months ago

    I bought battlefield 6 still enjoy it. And I bought the first year college football came back. But haven't bought one since. And have hardly touched it. Game was much harder than the old days

  • source
  • parent
  • [–] 18 points 3 months ago* (last edited 3 months ago) (3 children)

    I did a buad report on EA going on 20 years ago. TLDR they're basically Martin Shkreli but a corporation.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 13 points 3 months ago (2 children)

    Like Martin Shkreli in that they'll increase the price of a life-saving drug 20x without consequences, or like Martin Shkreli in that they'll go to prison for defrauding rich investors?

    Seriously fucked up that the second was considered a crime, but not the first, in Shkreli's case.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 4 points 3 months ago (1 child)

    Probably the former as I doubt defrauding a Saudi prince would result in mere incarceration.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 3 months ago

    Fair, though since it was a leveraged buyout, I reckon it would be JP Morgan Chase who'd be getting defrauded. The only question is whether MBS wants that kind of image for the saudi PIF.

    Essentially, MBS and Kushner would find a way to spin all the valuable IPs into other companies and leave only the debt and maybe some IPs at EA Games. Then it becomes a worthless company that owes JPMorgan Chase 20 billion with a fairly high interest rate.

  • source
  • parent