Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
In a call with investment analysts today, Electronic Arts chief executive John Riccitiello reported that his company is investing $80 million in what he called “fourth-gen” console development.
He also expressed a strong opinion that console gaming would continue to gain in the coming years, and that EA plans to get in on the new upswing with this significant investment in research and development.
EA also said that, as a result of its increase in next-generation console investment, it will have a small round of layoffs and eliminate some licensed titles that are not part of that strategy.
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles this May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
This may only indicate strong Wii U development at this time, with Sony playing it cagey and Microsoft not saying much of anything about new consoles coming down the road.
This is, however, the first confirmed commentary on EA’s commitment to the next-generation console business, especially with its increased activity in casual, downloadable PC, and mobile games.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.