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ENTERTAINMENT
June 4, 2012 | By Alex Pham and Ben Fritz
Electronic Arts on Monday said it will open significant portions of its massively ambitious game “Star Wars: The Old Republic” to free players starting in July, in an attempt to find more subscribers willing to spend a monthly fee to play the online title. The game, which cost more than $150 million to create, was the most expensive video game that EA had ever produced and certainly among the costliest games of all time. In an interview last fall prior to the game's release in December, EA Vice President Greg Zeschuk said the game's huge cost could only be recouped through a premium subscription model.
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SPORTS
July 24, 2013 | By David Wharton
Much like a quarterback sacked from the blind side, EA Sports has suffered some big hits lately. Or as John Madden might say, "Bam! Boom!" First came news that the NCAA -- facing a lawsuit over use of athletes' names and likenesses -- will drop its lucrative relationship with the video-game maker. Now, just before the release of the newest "Madden NFL," EA has come out on the losing end of a lawsuit in San Francisco, with a federal court jury deciding it owes $11 million in damages and interest to the game's original programmer.
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ENTERTAINMENT
May 16, 2012 | By Alex Pham and Ben Fritz
Video game giantsActivision Blizzard Inc.and Electronic Arts Inc. have settled their litigation as a larger trial over the Call of Duty video game franchise prepares to go ahead this month. Santa Monica-based Activision and Redwood Shores, Calif.-based EA announced their settlement at a California Superior Court hearing in Los Angeles on Wednesday. The long-running rivalry between the two companies heated up in 2010 when EA agreed to fund a new studio headed by Jason West and Vincent Zampella, the co-creators of Call of Duty whom Activision had fired that year.
SPORTS
July 18, 2013 | By David Wharton
By dropping ties with a prominent video-game maker, the NCAA could be showing signs of worry about its chances in a major civil lawsuit. In a statement released this week, the governing body cited "the current business climate and costs of litigation" in announcing it will not renew its contract with EA Sports after the current one expires in June 2014. Former UCLA basketball star Ed O'Bannon is spearheading a suit claiming the NCAA has used athletes' names and likenesses in video games, television broadcasts and other platforms without proper compensation.
BUSINESS
March 25, 2008 | From Times Staff and Wire Reports
Electronic Arts Inc. said Chief Financial Officer Warren Jenson would leave the video game publisher, which is pursuing a hostile takeover of rival Take-Two Interactive Software Inc. Redwood City, Calif.-based Electronic Arts did not give a reason for Jenson's departure, but said he would stay to help the company close its fiscal year that ends Monday, and could remain through September to ensure a smooth transition.
BUSINESS
November 10, 2009 | Alex Pham
Hammered by a steep drop in the sale of traditional packaged video games, Electronic Arts Inc. on Monday said it would cut 1,500 jobs, more than 16% of its workforce, even as the game publisher announced plans to acquire online game developer Playfish Inc. in a deal valued at up to $400 million. The dual moves -- one aimed at trimming expenses by about $100 million a year and the other at increasing profits -- came as the Redwood City, Calif., firm released its fiscal second-quarter earnings showing a 17% decline in revenue from its packaged games business, reflecting an industrywide malaise.
BUSINESS
November 18, 2008 | Times Wire Services
Electronics Arts Inc., the second-largest U.S. video game publisher, filed a statement with regulators indicating that it might seek to raise capital. The filing with the Securities and Exchange Commission paves the way for a future sale of stock or debt securities. Redwood City, Calif.-based Electronic Arts doesn't have any debt outstanding and reported $2.47 billion in cash and marketable securities as of Sept. 30.
BUSINESS
August 4, 2012 | By Alex Pham, Los Angeles Times
It can be a dog-eat-dog world in social games. Electronic Arts Inc. on Friday filed a copyright infringement suit against Zynga Inc., alleging that the social gaming company's "The Ville" misappropriated EA's game "The Sims Social. " EA's lawsuit was just the latest in a string of bad news for Zynga. The San Francisco social gaming company was hit Monday with a shareholder lawsuit claiming that Zynga investors and executives — including its chief executive, Mark Pincus — had improperly cashed out $516 million in company stock in April, three months before Zynga posted disappointing earnings that sent its shares plummeting 37% in one day. In a blog post explaining EA's lawsuit, Lucy Bradshaw, head of Maxis, the EA-owned studio that created "Sims Social," outlined why EA contends that Zynga "ripped off" its intellectual property.
BUSINESS
October 18, 2009
Weekly survey of 20 Orange and L.A. County lenders as of 10/14/2009 Compiled by HSH Associates, Financial Publishers; www.hsh.com -- Lo Week ended 10/14/2009 Week ended 10/7/2009 Week ended 4/15/2009 an s to $4 17 ,0 00 30 5.06%+0.34pt 5.03%+0.28pt 4.93%+0.37pt -y ea r fi xe d 15 4.63%+0.33pt 4.60%+0.25pt 4.69%+0.46pt -y ea r fi xe d $4 17 ,0 00 an d up 30 5.89%+0.48pt 5.85%+0.48pt 6.63%+0.76pt -y ea r fi xe d 15 5.42%+0.41pt 5.65%+0.48pt 6.65%+0.86pt -y ea r fi xe d Ho 5.81% 5.81% 5.62% me eq ui ty li ne s Ho 8.89% 8.89% 8.96% me eq ui ty lo an s 6- 0.59% 0.60% 1.65% mo nt h LI BO R 1- 0.36% 0.39% 0.60% ye ar Tr ea su ry 6- 0.15% 0.17% 0.39% mo nt h Tr ea su ry 6- 0.31% 0.32% 1.66% mo nt h CD Pr 3.25% 3.25% 3.25% im e ra te 11 8/2009 7/2009 2/2009 th Di st ri ct co st of fu nd s 1. 1.473% 2.003% 41 2% --
BUSINESS
May 5, 2011 | By Alex Pham, Los Angeles Times
The video game disc may be getting the long goodbye. Electronic Arts Inc. chief executive John Riccitiello on Wednesday said the game publisher is shifting to focus more on digitally distributed games and de-emphasizing its investments in shrink-wrapped games sold at retail stores. "Today, we're announcing a big shift," Riccitiello said during the Redwood City, Calif., company's fourth quarter earnings call with analysts. "Over the coming years, we're transforming EA from a packaged goods company to a fully integrated digital entertainment company.
ENTERTAINMENT
September 14, 2012 | By Alex Pham
Zynga Inc. has fired back at Electronic Arts Inc., calling EA's copyright infringement lawsuit against it "baseless" and filing a countersuit alleging that the video game giant for prevented its employees from leaving to work for Zynga. “Today we responded to EA's claims, which we believe have no merit," the San Francisco social gaming company said Friday in a statement. "We also filed a counterclaim which addresses actions by EA we believe to be anticompetitive and unlawful business practices, including legal threats and demands for no-hire agreements.” Zynga's counterclaim escalates the battle between the two Bay Area gaming behemoths, both in court and in the hotly competitive market for mobile and social games.
BUSINESS
August 4, 2012 | By Alex Pham, Los Angeles Times
It can be a dog-eat-dog world in social games. Electronic Arts Inc. on Friday filed a copyright infringement suit against Zynga Inc., alleging that the social gaming company's "The Ville" misappropriated EA's game "The Sims Social. " EA's lawsuit was just the latest in a string of bad news for Zynga. The San Francisco social gaming company was hit Monday with a shareholder lawsuit claiming that Zynga investors and executives — including its chief executive, Mark Pincus — had improperly cashed out $516 million in company stock in April, three months before Zynga posted disappointing earnings that sent its shares plummeting 37% in one day. In a blog post explaining EA's lawsuit, Lucy Bradshaw, head of Maxis, the EA-owned studio that created "Sims Social," outlined why EA contends that Zynga "ripped off" its intellectual property.
ENTERTAINMENT
July 31, 2012 | By Alex Pham
Online games, it seems, just want to be free. Electronic Arts on Tuesday announced that it will offer up substantial portions of its "Star Wars: The Old Republic" multi-player online game to players for free starting this fall. A premium version with unlimited access to all levels, plus any new content, will still be available for $14.99 a month. The move by the Redwood City, Calif., game publisher is an acknowledgment that the current economic climate makes it virtually impossible for a subscription business model to thrive on the Web, where thousands of free games now compete aggressively for attention.
ENTERTAINMENT
June 13, 2012 | By Ben Fritz
Activision Blizzard Inc. is jumping into the fast-growing mobile market by offering itself as a partner to independent game developers. The Santa Monica company best known for focusing on a small number of lucrative franchises such as "Call of Duty" and "World of Warcraft" has traditionally been more conservative than competitors such as Electronic Arts Inc. about making games for smartphones. Though revenue from games on devices including the iPhone has grown fast, it's still small compared to traditional consoles.
NEWS
June 5, 2012
Game boys (and girls) can belly up to the Cosmopolitan's EA Sports Bar, a popup concept that's part sports bar, part lounge and part arcade. It's set on the casino's ground floor, where fans can tune in to sporting events on a half dozen high-definition TVs while gamers can square off on one of three Sony PlayStations. The 2,500-square-foot space is decked out with leather chairs, sofas and a (low-tech) foosball table. The Cosmopolitan of Las Vegas 3708 Las Vegas Blvd. South 877.551.7778 www.cosmopolitanlasvegas.com - Jamie Wetherbe, Custom Publishing Writer
ENTERTAINMENT
June 4, 2012 | By Alex Pham and Ben Fritz
Electronic Arts on Monday said it will open significant portions of its massively ambitious game “Star Wars: The Old Republic” to free players starting in July, in an attempt to find more subscribers willing to spend a monthly fee to play the online title. The game, which cost more than $150 million to create, was the most expensive video game that EA had ever produced and certainly among the costliest games of all time. In an interview last fall prior to the game's release in December, EA Vice President Greg Zeschuk said the game's huge cost could only be recouped through a premium subscription model.
BUSINESS
May 6, 2009 | Times Wire Reports
Video game publisher Electronic Arts Inc. posted a smaller net loss for its fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches. Redwood City, Calif.-based EA also reaffirmed its guidance for the current fiscal year, and Chief Financial Officer Eric Brown said the company was "ahead of schedule" on its cost-cutting measures that include eliminating 1,100 jobs. EA posted a loss of $42 million, or 13 cents a share, less than half the loss of $94 million, or 30 cents, in the same period a year earlier.
ENTERTAINMENT
May 17, 2012 | By Alex Pham and Ben Fritz
The 11th-hour settlement between Electronic Arts Inc. and Activision Blizzard Inc. in the billion-dollar lawsuit over the Call of Duty video game franchise involved "little or no" money changing hands, according to an analyst. The surprise settlement, announced Wednesday afternoon, removes one obstacle in Activision's lawsuits involving dozens of game developers who created the company's lucrative Call of Duty shooter games. Activision sued EA in 2010, alleging that EA had improperly recruited two key Call of Duty developers, Jason West and Vincent Zampella, while they were under contract with Activision.
BUSINESS
May 17, 2012 | By Alex Pham and Ben Fritz, Los Angeles Times
Video game giants Activision Blizzard Inc. and Electronic Arts Inc. have settled their litigation as a larger trial over the Call of Duty video game franchise is scheduled to proceed this month. Santa Monica-based Activision and Redwood Shores, Calif.-based EA announced their settlement at a California Superior Court hearing in Los Angeles on Wednesday. The long-running rivalry between the two companies heated up in 2010 when EA agreed to fund a new studio headed by Jason West and Vincent Zampella, the co-creators of Call of Duty whom Activision had fired that year.
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