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EA CEO: recession is a blessing, will force "riffraff"out of business |
Listed in: PS3, Wii, Xbox 360 Tags: Electronic Arts, John Riccitiello
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The employees who recently got axed from Electronic Arts probably won't agree with this one. EA CEO John Riccitiello made a rather unexpected comment when he spoke at the DICE Summit, saying that the recession is a "blessing" for the video game industry.
He explains that the recession will force "the riffraff" to go bankrupt, which means less poor quality games in the market. This will also allow developer who "act decisively" to have a more secure future. "Junk is hard to compete with," he says. But he was also quick to add that "IÂ’m not pro-recession, but to quote Rahm Emanuel: never waste a crisis."
I'll have to say I agree with him. And disturbed that I do. Of course, his argument assumes that that every company that survives the recession will be the ones that make the quality games. EA itself recently cut 11% of its employees, which Riccitiello described as trimming "the so-called fat," making EA "stronger and leaner."
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Via Wired
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The average gamer may not be a rocket scientist, but we are definitely not kettle either.
(other companies on the other hand are adopting the smaller is bigger strategy so we will see quality games being beaten in 2 afternoons)
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sorry that was cattle, you know, the type of animal that does whatever it is told.
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I don't see too many shovelware companies going bankrupt, where they have only to sell like 3 copies of the retail product to unsuspecting schmoes (or cattle who believe commercials and media hype lines, if you will) to break even.
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In the mid 90s they were bleeding edge, but now they just regurtgitate boring Need For Speed games and the same sport games with a few new players every year. EA depress the heck out of me.
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Then you have games like Cry On that get canceled.
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