I hope EA Saves Warhammer!

http://www.sec.gov/Archives/edgar/data/712515/000119312509229376/dex991.htm

Key Excerpts from the November 9th Press Release on Edgar associated with Electronic Arts’ $391 million quarterly loss:

“Cost Reduction Plan

EA has announced a plan to narrow its product portfolio to provide greater focus on titles with higher margin opportunities.

This action will result in the closure of several facilities and a headcount reduction of approximately 1,500 positions, of which 1,300 are included in a restructuring plan. The majority of these actions will be completed by March 31, 2010. This plan will result in annual cost savings of at least $100 million and restructuring charges of $130 to $150 million.

EA remains committed to delivering high quality games for consumers and leading the industry in the growing digital direct gaming sector.”

So far, the blog bunch has reported that 40% of Mythic has been hit, but I can’t confirm that.  That would put Warhammer in a non-competitive state.  There is no word of this on the Herald as of this post.

~ by xaviermorgan on November 10, 2009.