EA No Longer Opening A 3rd Vancouver Studio
EA has announced today that they are no longer opening a third development studio in Vancouver Canada. This comes just days after EA announced they will be cutting back costs.
Read the whole story at The Globe and Mail here.
EA's announcement comes just two days after the company lowered its expectations for both revenue and earnings for fiscal 2009.
“These are challenging times, they're uncertain times for our industry and across the board,” EA spokesman Colin Macrae told The Globe and Mail. “We continue to be firmly rooted in Vancouver.”
The video game maker still operates two studios in the Vancouver area; the company's Black Box studio is located in downtown Vancouver, while its sister studio EA Canada operates out of nearby Burnaby.
These studios produce some of EA's most successful game franchises, including FIFA soccer titles and the Need for Speed racing series.
The new unnamed studio was to be housed in a 20,000-square-foot facility in the city's Yaletown district, and would have provided the company with new development space to accommodate its Vancouver staff. Although planning for the new studio began about a year ago, Mr. Macrae said the company has already leased the space to a new tenant.
The company had not set a hiring target for the new facility, Mr. Macrae said.
EA announced plans to trim about 6 per cent of its global work force when the company reported its most recent quarterly financial results on Oct. 30. Read More...
“These are challenging times, they're uncertain times for our industry and across the board,” EA spokesman Colin Macrae told The Globe and Mail. “We continue to be firmly rooted in Vancouver.”
The video game maker still operates two studios in the Vancouver area; the company's Black Box studio is located in downtown Vancouver, while its sister studio EA Canada operates out of nearby Burnaby.
These studios produce some of EA's most successful game franchises, including FIFA soccer titles and the Need for Speed racing series.
The new unnamed studio was to be housed in a 20,000-square-foot facility in the city's Yaletown district, and would have provided the company with new development space to accommodate its Vancouver staff. Although planning for the new studio began about a year ago, Mr. Macrae said the company has already leased the space to a new tenant.
The company had not set a hiring target for the new facility, Mr. Macrae said.
EA announced plans to trim about 6 per cent of its global work force when the company reported its most recent quarterly financial results on Oct. 30. Read More...
Read the whole story at The Globe and Mail here.
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