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☆ Electronic Arts, maker of Madden NFL, to lay off 5% of staff as gaming industry layoffs widen
▼ + stars: | 2024-02-28 | by ( Clare Duffy | ) edition.cnn.com time to read: +1 min

New York CNN —Electronic Arts plans to lay off 5% of its employees, making it the latest company in the gaming and tech space to reduce its workforce. Epic Games cut 830 jobs in September. In January, Tencent’s Riot Games said it would lay off 11% of its workforce and Microsoft said it would cut 1,900 jobs from its Activision Blizzard and Xbox gaming divisions. And electronics giant Sony said on Tuesday it would cut 8% of its global workforce, amounting to around 900 jobs. That means that after its cuts to staff last year, Wednesday’s layoffs could affect more than 600 workers.

Persons: ”, Andrew Wilson Organizations: New, New York CNN, Electronic Arts, EA, Madden NFL, Apex, ” EA, Microsoft, Activision Blizzard, Sony Locations: New York

☆ EA to lay off 5% of workforce, or about 670 employees
▼ + stars: | 2024-02-28 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

An Electronic Arts video game logo is seen at the Electronic Entertainment Expo. The company's announcement marks the latest headcount reduction among video game developers in recent months, continuing a broader trend of significant downsizing across the tech industry. On Tuesday, Sony said it would lay off about 900 employees in its PlayStation division, or 8% of its workforce. EA CEO Andrew Wilson wrote in a memo to employees on Wednesday that the video game company is "streamlining our company operations to deliver deeper, more connected experiences for fans everywhere." "We are continuing to optimize our global real estate footprint to best support our business," Wilson wrote in his Wednesday note.

Persons: Andrew Wilson, Wilson, —, Steve Kovach Organizations: Arts, Electronic Entertainment, Electronic Arts, EA, U.S . Securities, Exchange Commission, Sony, PlayStation, Microsoft, Activision Blizzard, Riot Games, SEC, Apex, EA Sports FC, Madden NFL, CNBC PRO

LOS ANGELES (AP) — Las Vegas will be flooded with so many pre- Super Bowl events that Shaquille O'Neal lowered the prices to his popular carnival-themed “ Shaq's Fun House. “Las Vegas isn't ready for the show we're about to bring,” Big Boi said. The stars of the CBS show “The Neighborhood” will host the Super Bowl Soulful Celebration at the Palms Casino Resort on Wednesday night. MALUMA & SIRIUSXMColombian superstar Maluma will take his vibrant Latin music vibes into Las Vegas with the help of SiriusXM. ___More on the Super Bowl: https://apnews.com/hub/super-bowl

Persons: Shaquille O'Neal, O'Neal, We're, ”, He'll, Lil Wayne, Diplo, DJ Diesel, Rob Gronkowski, Michael Rubin, Beyoncé, Jay, Leonardo DiCaprio, Jennifer Lopez, Ben Affleck, Kendall Jenner, Rubin, Travis Scott, Meek, Lil Baby, Fabolous, Ludacris, Laroi, Mike, OutKast, Big Boi, Kevin Hart, Deon Cole, D.L, Desi Banks, Aida Rodriguez, Cedric, Tichina Arnold, Mary Mary, Kirk Franklin, Robin Thicke, Tully Banta, Cain, Bryan Scott, Arnold, “, Nate Burleson, —, DJ Afrojack, Gronkowski, BILLY IDOL, Billy Idol, Idol, he's stoked, Maluma, He's, Don Juan ”, “ COCO LOCO ”, David Guetta, Jack Harlow, Wynn, Zach Bryan, Tiësto, LIV, Savage, Guy Fieri, Leigh Steinberg Organizations: ANGELES, NBA, Fun, Wynn, Sports Illustrated's, Hamptons, Cosmopolitan, MADDEN, EA Sports, Madden, of, Madden NFL, Theatre, CBS, NFL, Super, Sunday, Location's, Touchdown Club, SIRIUSXM, Virgin Hotels, Pandora, Las, GQ, Nomad Library Locations: Las Vegas, Sin City, Encore, Atlanta, Hughley, Palms, British, Allegiant, Vegas, Fontainebleau

☆ Record online discounts are coming this holiday season
▼ + stars: | 2023-10-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year. Retailers are poised to offer up to 35% off listed prices this holiday season, with the deepest discounts applied to toys, electronics and apparel, Adobe said in its annual holiday forecast. Buy Now, Pay Later is expected to drive a record $17 billion in online spending this holiday season, up 17% from 2022, Adobe said. Americans are also doing more and more holiday shopping (and shopping in general) on smartphones and tablets. That means Adobe’s 2023 holiday shopping forecast for solid sales growth would signal a genuine increase in demand from consumers.

Persons: they’re Organizations: New York CNN Business —, Adobe Analytics, Retailers, Adobe, PlayStation, Madden NFL, Amazon, PayPal, Commerce Department

But now, three powerhouses —the NFL, Interscope Geffen A&M Records and Electronic Arts Sports — have partnered to empower players to pursue their music dreams. It’s the first-time music made by NFL players appears in the video game franchise, now in its 35th year. “These dudes can rap,” said Bas, a Grammy-nominated rapper who shared his musical expertise during the players recording sessions. People see like these big NFL players and they say ‘Do your one job, tackle somebody or run that route.’ But creativity is part of a healthy life. It’s humbling to watch.”Many of the songs featured on “Crowd Control” were conceived in a songwriting session at Interscope this summer where NFL players worked with producers and artists.

Persons: Terron Armstead, Interscope Geffen, “, ’ ”, Armstead, Pro Bowler, it’s, Darren Waller, Ray, Ray McCloud, Melvin Ingram, Chark Jr, can’t, ”, Waller, Thomas “ Fats ” Waller, Bowler, Jay Rock, Lebra Jolie, Derrick Milano, Justin Bieber, Megan Thee, Nicki Minaj, they’re, They’re, David Nieman, aren’t, Ashley Smith, Smith, Trey Smith, you’re, there’s, ” Smith, ” McCloud, McCloud Organizations: Miami Dolphins, NFL, M Records, Electronic Arts, —, Madden NFL, New York Giants, Carolina Panthers, D.J, Interscope Records, Interscope, EA Sports, Kansas City Chiefs Locations: SANTA MONICA, Calif, San Francisco, Santa Monica , California

☆ EA's quarterly bookings beat estimates on 'FIFA' strength
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Videogame publisher Electronic Arts Inc (EA.O) beat fourth-quarter booking estimates on Tuesday as the latest installments in its "FIFA" and "Madden NFL" series kept gamer interest strong, sending the company's shares up 3.3% after the bell. EA reported net bookings of $1.95 billion in the fourth quarter, compared with Refinitiv estimates of $1.76 billion. "Record live services performance and increased engagement, particularly from our EA Sports FIFA franchise, drove better-than-expected Q4 net bookings," Chief Financial Officer Chris Suh said. EA also said it expects fiscal 2024 net bookings between $7.30 billion and $7.70 billion, compared with estimates of $7.52 billion. Bookings outlook for the current quarter was in line with expectations.

☆ Electronic Arts Says It Is Laying Off 6% of Workforce
▼ + stars: | 2023-03-30 | by ( Sarah E. Needleman | ) www.wsj.com time to read: 1 min

Electronic Arts Inc. said it is laying off about 6% of its workforce and reducing its office-space footprint to focus its spending on the best growth opportunities in the videogame industry. The maker of hit franchises such as “Madden NFL” and “The Sims” didn’t specify how many people would be let go or from which departments. In the middle of last year, it said it had nearly 13,000 employees. That would translate into around 780 job cuts. The company said it plans to redeploy some of the affected employees to other areas.

☆ EA Shows Why Mobile Games Are a Minefield
▼ + stars: | 2023-02-01 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

When one of the biggest videogame makers in the business gets hung up in the mobile end of the market, it can say something for the whole industry. With annual revenue now over $7 billion, Electronic Arts is the largest stand-alone game publisher in the U.S. save for Activision Blizzard . EA also has a few games capable of generating more than $1 billion a year on their own, including “Apex Legends.” The battle-royale style shooter was EA’s answer to the blockbuster “Fortnite” and has been a resounding success since its surprise launch in 2019 for consoles and PCs. Analysts estimate the game’s total revenue has surpassed that of “Madden NFL” to become EA’s second-biggest property next to the blockbuster soccer franchise “FIFA,” according to Visible Alpha.

Cyber Monday is delivering some fantastic deals on Xbox consoles, games, and gear, including the best price we've seen on the Xbox Series S.Microsoft's online store is the best place to find the more expensive and more powerful Xbox Series X console on Cyber Monday, while discounts on controllers and games can be found at stores like GameStop, Best Buy, and Amazon. Below, we've collected all the best Xbox deals during Cyber Monday 2022, from console sales and bundles to various popular games and accessories. Best Cyber Monday deals on Xbox consolesDeal icon An icon in the shape of a lightning bolt. Great Price Xbox Series S During the holidays, Microsoft is offering their budget console, the Xbox Series S, for $60 off. Deal Microsoft Xbox Series S|X Wireless Controller The new Xbox controller is a streamlined, enhanced version of the previous Xbox gamepad.

The best Walmart Cyber Monday tech dealsDeal icon An icon in the shape of a lightning bolt. $35.00 from Walmart Originally $69.99 Save 50%Deal icon An icon in the shape of a lightning bolt. $299.95 from Walmart Originally $499.95 Save 40%Deal icon An icon in the shape of a lightning bolt. $997.99 from Walmart Originally $1,270.00 Save 21%The best Walmart Cyber Monday home dealsDeal icon An icon in the shape of a lightning bolt. $99.00 from Walmart Originally $249.99 Save 60%The best Walmart Cyber Monday kitchen dealsDeal icon An icon in the shape of a lightning bolt.

Below, we've collected all the best Xbox deals during Black Friday 2022, from console sales and bundles, to discounts on Xbox Game Pass. Best Black Friday deals on Xbox consolesDeal icon An icon in the shape of a lightning bolt. Great Price Xbox Series S During the holidays, Microsoft is offering their budget console, the Xbox Series S, for $50 off. Deal Microsoft Xbox Series S|X Wireless Controller The new Xbox controller is a streamlined, enhanced version of the previous Xbox gamepad. Deal Xbox Game Pass Ultimate 3-Month Membership (Digital) Xbox Game Pass Ultimate offers a Netflix-style subscription with hundreds of games for Xbox and PC, and the Xbox Live Gold service needed to play Xbox games online.

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