Electronic Arts And The Star Wars In-Game Purchase Fiasco
Zacks Investment Research | Nov 20, 2017 10:14PM ET
Electronic Arts Inc (NASDAQ:EA) has been in the news since the messed-up launch of its highly anticipated game, Star Wars Battlefront 2 last week.
Released on Nov 17, Battlefront has received mostly okayish kind of reviews but apparently it was the outrage over the exorbitant pricing of in-games purchases that compelled EA to temporarily turn off all micro transactions in the game. EA’s shares have lost 1.1% of their value since Nov 17.
EA’s move to stall in-game micro transactions has found support from The Walt Disney Company's (NYSE:DIS) Lucasfilm, the production company behind Star Wars. The Washington Post quoted Lucasfilm saying, “Star Wars has always been about the fans--and whether it's Battlefront or any other Star Wars experience, they come first. That's why we support EA's decision to temporarily remove in-game payments to address fan concerns."
Electronic Arts Inc. Revenue (TTM)
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.