Electronic Arts Cancels Star Wars Mandalorian FPS Game: Focus Shifts To Next Jedi Game, Black Panther, Iron Man
Portfolio Pulse from Franca Quarneti
Electronic Arts Inc (NASDAQ:EA) has canceled the development of a Star Wars FPS game featuring a Mandalorian protagonist and laid off about 670 employees, 5% of its workforce, as part of a restructuring effort. The company is shifting focus towards its own IPs and key franchises, including the Star Wars: Jedi, Iron Man, Black Panther, and others. Despite these changes, EA reported positive financial results but expects to incur costs related to the layoffs.
February 29, 2024 | 7:24 pm
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Electronic Arts cancels a Star Wars FPS game and lays off 670 employees as part of a strategic shift towards its own IPs and key franchises, despite reporting positive financial results.
The cancellation of the Star Wars FPS game and the layoffs are significant, but EA's emphasis on its own IPs and key franchises, along with positive financial results, suggest a neutral short-term impact. The costs associated with layoffs may offset some of the positive financial momentum, but the strategic shift could strengthen EA's position in the long term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100