EA stockholder meeting discussion/future video game crash speculation
by, 07-27-2012 at 11:50 AM (1180 Views)
Earlier today Electronic Arts held a shareholder presentation to discuss the past fiscal quarter. After a brief intro, stockholders were allowed to ask EA executives questions about the company's state and plans for the future. In the meeting EA's CEO, John Raviolipepperonitortellini, was asked about whether or not his position as CEO would last much longer and some EA guy denied those rumors(but I think it was just damage control and that Peter Moore is getting a promotion soon). Another stockholder asked why he should stay a stockholder given EA's stock trend. During the last shareholder presentation there were a few questions about SWTOR and it's success(or failue), but there weren't any this year, interestingly.
How much of this do you think is Bioware's fault? SWTOR has been bleeding subscribers and ME3, regardless of it's sales, had a huge backlash. I doubt if investors pay much attention to the gaming community's opinion of EA, but it's a might big coincidence.
In fact, the entire gaming industry seems to been going through tough times.EA's stocks have been plummeting for the past year, and are at about half the price it was last July. Vivendi is allegedly looking for buyers interested in ActiBlizzard, but can't find any. THQ is so close to going under it's sad. Nintendo is posting its second quarter loss in a row, which is also its second quarter loss ever. Sony's lost billions this gen because it took years to sell the PS3 at a profit.
Do you think another video game crash is on the way? Is this a good or bad thing? Nintendo ended the first video game crash and brought with it a renaissance in gaming. Can we expect another renaissance, or is there too little innovation left in the industry?
Me: I find it kinda appropriate that the video game industry is going through tough times lately. They have been going backwards by shoveling massive shit down its consumers throats and now its starting to show.
(DLC that was cut from main game, price model of DLC/games too much, draconian DRM, shorter development cycles and blander games, project 10 dollar, and shoving shitty multiplayer into single player games)
I don't think the video game industry will crash again but I do think that unless the big companies find a restructure model that better suits the consumers they will crash and many smaller studios will emerge.
Edit: here is an interesting article about the current AAA games industry and how they are sinking.