Sorry I’m posting this so late, it’s my birthday! Lottery should start today as planned but late, late at night.
The chief executive of Electronic Arts resigned on Monday, a victim of a troubled environment for the big video game companies as well as of internal missteps.
“After six years I feel it is the right time for me to pass the baton,” John Riccitiello said in a statement.
He has been chief executive since 2007. His resignation comes as traditional video gaming is facing increasing pressure. Retail sales are falling — they were down more than a quarter in the first 10 months of last year — as consumers took to less demanding, less time-consuming and less expensive games on their smartphones.
“E.A. is the face of the gaming industry at a time when the market is in some important ways going sideways if not downhill,” said Lewis Ward, research manager for gaming at IDC.
Larry Probst, the company’s chairman and former chief executive, will run Electronic Arts until a new chief executive is found.
“Electronic Arts is certainly known for putting out some games that have a $60 price point and are positioned as a premium game but fall somewhat short of gamers’ expectations,” said Mr. Ward of IDC. “Whenever a customer feels he’s not getting a good value for a dollar, he’s going to take it out on you one way or another.”
Source: New York Times
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