Have been used up. Game Canceled.
http://www.gamepro.com/article/news/217144/ea-earnings-down-renegotiating-licences/ - http://www.gamepro.com/article/news/217144/ea-earnings-down-renegotiating-licences/
In its quarterly earnings report,
Electronic Arts recorded a loss of $134 million due to a slower release
schedule over the last quarter. Looking ahead, the company has canceled
NBA Elite and will reduce company costs by restructuring licenses.
UPDATE: During the company's earnings call, Electronic Arts
Chief Financial Officer Eric Brown confirmed that NBA Elite has been
canceled. The franchise will press on, however, with development
shifting from EA Canada to EA Tiburon.
ORIGINAL TEXT: EA has revealed its financial report for the
quarter running from July 1-September 30, 2010. In the report, the
company revealed net revenue of $884 million, down over $250 million
from the same time period in 2009, leading to losses of $134 million for
the quarter. On the plus side for EA, this quarter should be a
profitable one, as the company touted a strong start for Medal of Honor,
selling two million copies last month. Beyond publishing new
games, EA is undergoing a few changes to create a brighter bottom line.
EA announced plans to "restructure key licensing and developer
agreements" in an effort to reduce costs. Fortunately for EA employees
and partners, the restructuring will not directly involve layoffs, as EA
Vice President of Corporate Communications told GamePro there will be
"no impact on EA partners [..] the restructuring announced today is 95%
related to license agreements and not headcount. This is not a major
restructuring of talent."
In addition to earnings, EA revealed the release slate for this and
next quarter. While the schedule was largely unchanged from the previous
quarter's report, one development (or lack thereof) to note is that the
schedule reveals NBA Elite 11 will not release by March 2011--past the
midway point for the NBA season. The prospective lineup is below:
Q3 (October-December 2010) Medal of Honor Console/Handheld/Mobile PC Need For Speed Hot Pursuit Console /Handheld/Mobile PC Rock Band 3 Console/Handheld/Mobile EA SPORTS MMA Console/Handheld/Mobile FIFA Manager 11 PC NBA Jam Console EA SPORTS Active NFL Training Camp Console EA SPORTS Active 2 Console/Handheld/Mobile HASBRO FAMILY GAME NIGHT 3 Console LITTLEST PET SHOP 3: Biggest Stars series Handheld/Mobile MONOPOLY Streets Console/Handheld/Mobile Harry Potter and the Deathly Hallows Part 1 Console Handheld/Mobile PC Create Console/PC The Sims 3 Console/Handheld/Mobile Q4 (January-March 2011) Dead Space 2 Console/Handheld/Mobile/PC Dragon Age 2 Console/PC Bulletstorm Console/PC Crysis 2 Console/PC Need For Speed Shift 2 Console/PC Fight Night Champion Console The Sims Medieval PC Darkspore PC
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