• sp3ctr4l@lemmy.dbzer0.com
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    23 hours ago

    Anyone who did not see this coming is an idiot.

    EA is… in a loooot of debt lol. Thats why they needed a buy out.

    • FerrisEuler@programming.dev
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      6 hours ago

      They’ve not had a lot of success in the 2020s except for sports games they obviously pay a lot of money in licensing fees for.

      • sp3ctr4l@lemmy.dbzer0.com
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        9 minutes ago

        The Sims.

        You do not want to know how many ‘dlc’ there are for your digital dollhouse.

        As well as entire community of enthusiastic corporate boot lickers with a ‘cozy’ aesthetic.

      • sp3ctr4l@lemmy.dbzer0.com
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        12 hours ago

        Kind of yes, but actually no.

        We just see that debt now, its explicit.

        EA … was subject to a leveraged buy out, that they sought out. They did this… because they needed cash, now.

        What that means is that their internal financials were an absolute shit show… that they had, up untill that point, basically just legally lied about, hid, downplayed.

        They fluffed up their balances and returns and cashflows in ways that are legal to do, but if you actually do due dilligence, you could read the writing on the wall.

        Its basically the same as any other US company that got bought out / sold itself to private equity in the last 10 or 15 years.

        Difference is, EA is so huge, it had to be bought out by essentially a sovereign wealth fund.

    • auzy1@lemmy.world
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      21 hours ago

      It takes a lot of money to make the same games for 25 years straight, change the front logo, the names of the players, make tiny tweaks and market it.

      Maybe they need to start releasing Sims 2025, 2026, etc.

      • Johanno@feddit.org
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        15 hours ago

        The problem is that they actually needed that much money for such mediocre games. They poured money into it and still made it an inferior game.

        • auzy1@lemmy.world
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          15 hours ago

          Sims was actually fun at the time… Until they did all the expansions

          But, I really wish it was black and white. That was the best game

            • auzy1@lemmy.world
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              2 hours ago

              It worked well even without it

              We shouldn’t have to remove the ladder for the pool in the Sims or play with fireworks. Should be able to pick them up and throw them