While the traditional games publishing industry continues to see diminishing returns, mobile and social gaming makes more and more money. It shouldn’t come as a surprise then that EA CEO John Riccitiello is talking about cutting his company’s games catalog by 40 percent in the next year, while investing in smaller digital titles.
“I think we’re at the classic hump where we’ve told people where we’re going,” said Riccitiello. “There’s evidence we’re going to get there, but Vegas isn’t putting money on it because we’re only in the fourth inning.”
As a more concrete example, he said that EA expects 35 traditional packaged games in the fiscal year, compared to 50 last year, with the number set to diminish next year as well. “I don’t think it goes to 10 or 15 or even less than 20, but there’s some number probably between the low 20s and the high 20s that’s right,” he said.
Source: Reuters
