Video game news oriented community. No NanoUFO is not a bot :)
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My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
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“The investors are betting that AI-based cost cuts will significantly boost EA’s profits in the coming years"
I'll take that bet.
Leveraged buyouts are so stupid to me. "Hi, I'd like to buy this company, but since it will be my company, the company needs to have the debt, not me. So if it goes wrong, well, that's the company's fault, not mine." Should be illegal.
It's like buying a house, and then expecting the house to pay the mortgage.
I mean,isn't that what a foreclosure sale is?
I'm honestly asking. The world of corporate raiding is a foreign and distasteful place to my arts and sciences brain. The world of home buying is also foreign to my arts and sciences brain, but that's cause I leaned more into arts than sciences.
That being said, you put up 20 grand of your money for a down payment. The bank loans you 200k. You fail to make your payments. Bank forecloses and sells off the property to cover the remaining debt, or at least claw back whatever they can get from it. Would that be so different than what's likely to happen if EA fails to pay JP Morgan back? Is it the liability of Kushner et al vs the liability of a homeowner that is the primary difference?
Business majors are so incredibly dumb. Why did we as a society decide they were so important?
I've not bought an EA game in 11+ years and see no reason to start now.
"And then it got worse" isn't only a valid description of Russian History.
This will be fun to watch. Maybe not for 14 500 EA employees. I kindly suggest them to leave as soon as possible.
Indeed. I think it would be in their best interest to find work elsewhere before they end up getting laid off at the most inconvenient time.
Beyond that it should be amusing to watch this company go down in flames.
I just uninstalled EA launcher because it's a fucking cancer and I see this afterwards... If it's not on Steam it's piracy material from here on out. Fuck all other launchers/services except GoG, GoG is cool too.
Bye EA. Was nice knowing you.
E: just noticed I’ve been playing EA games since M.U.L.E. on the C-64. Say what you want about the company itself, but they have a long history of making games people want to play. Been playing the entire Battlefield franchise since 1942. Sucks that you can’t play 2142 or even Hardline anymore.
This is a very longwinded way to say "EA will die in a few years".
"I don't care who wins. I just want EA to lose." Star Wars guy
Might as well consider EA dead.
Good?
On paper EA being dead is good, but I'd like it to be dead and without parasites making money off of the corpse.
So now EA has been acquired and will become a shell of it's former self.
Ironic.
EA can always keep printing money by putting out the same sport games every year, how the fuck did they get into $36 billion debt? I’m not even mad, that’s impressive.
The $20B was printed by JPMorgan Chase bankers so that Jared Kushner and the Saudis could buy EA at 45% off. In return, the saudis promise that they can siphon $20B from fired workers back to the bankers over the next ~10 years.
I can't wait for this "investment" to go so down the drain for them...
A lot of what this means is a pivot to the highest yield games. So... more GACHA and other lootbox style gaming. Cheaper assets, more redundancy in levels, shorter and cheaper cut scenes, etc.
But this is normal operating procedure in a bust-out style business model. EA's going to be boiled down and stripped just like so many prior studios, from THQ to Bioware.
Looks like the monopoly on sports video games is ending soon.
hope they least long enough to release the worst game in history.
The image being so small makes it funnier.
There's a huge bet that most of us are going to boycott this tomfuckery and do no further business with EA.
Already have.
Unfortunately, will the EA Sports fans and Battlefield fans do the same?
No.... They won't. But the rest of us free thinkers will. Is it a win? I dunno. I'll carry that flag tho.
If they hadn't left already, they never will.
FIFA and Madden have been dog shit iterations for years and years and people keep buying them. Plus Battlefield 6 might actually be good and will test plenty of people (like me) who said "never again" long ago. Luckily I probably won't actually be tempted because of EA anti cheat and Linux incompatibility.
I was all up for BF6. It releases in two weeks. A bunch of friends are going to get it. I was a bit annoyed that it was the only reason I'd still be using windows11 but I was prepared to wear it. But Jared Kushner, Trump's son-in-law, fuck.that.noise. No way am I giving that cunt anti-cheat access to my computer.
'We bought you, you owe us money' is theft with more steps.
In the example of Toys'r'us, it ends up being theft against other creditors, suppliers, workers, etc, who end up not getting paid when it collapses.
In bankruptcies the entity who introduced the debt should be liable for it (the new parent company)
EA's output of middling products filled with aggressive microstransactions is about to be bolstered with.. heavy use of AI slop?
I'm looking forward to watching this bankruptcy speedrun.
I have an hard time believing multiple investment funds can be so clueless.
They aren’t, they will make money stripping EA for parts and once the husk is spent it will be disposed of.
I don't see how EA can be that valuable when taken apart. Ok they've got the sports licenses and a few good IPs, but idk.
EA Sports It's in the slop
Has been for many years
Ah so we can see EA do a Kmart. Neat
EA being on the recieving end of what they've been doing to others for years
Well, they're fucked then
Hope their IP gets sold to other companies. Would love to see another wing commander in my lifetime.
I have good news and bad news on that front. The good news is that the original wing commander dev is making a spiritual successor to the game. The bad news is that it's star citizen.
This has got to be some form of vulture capitalism. They will sell off all the IP and physical property, either directly or by spinning off divisions into new companies to sell off. Then sell off any other pieces of the company that they can, and finally they'll take all that income as bonuses for the new owners and leave the remains of EA with nothing but debt and no option other than to file for bankruptcy. Same thing that was done to companies like Toys-R-Us but on a larger scale.
They're over leveraged on AI so they're trying to create markets for it, lol. Jesus christ this economy is a ponzi scheme