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EA Opens L.A. Studio to Develop 'Stars Wars' Games

Electronic Arts (NYSE:EA) opened a new Los Angeles studio to help attract talent from rival game developers, just weeks after it announced a 10% cut in its workforce.The new studio will house EA's Stockholm-based DICE game developer, which will be central to the creation of a new series of "Star Wars" games.Last week, Walt Disney (NYSE:DIS) agreed to a multi-year deal that calls for EA to make video games based on the movies. Disney recently shut down the LucasArts game division that it acquired with its $4 billion purchase of Lucasfilm Ltd. and the Star Wars franchise.DICE launched in 1992 and has traditionally worked out of Stockholm. Since becoming a unit of EA, DICE has developed hit games like those in the Battlefield series.EA is now counting on the videogame maker, along with other EA developers Visceral Games and BioWare, to score big with "Star Wars."According to a Wall Street Journal report, DICE General Manager Karl-Magnus Troedsson said the developer recently opened the new...

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  2. Disney 2nd-Quarter Net Up 32% on Movie-Studio Improvement

    Walt Disney Co.'s (DIS) fiscal second-quarter profit rose a better-than-expected 32% as the media giant's movie-studio division swung to a profit and its parks and r...

  3. EA 4Q Sales Top Street

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  4. EA Earnings Fall; Costs Expected To Remain Flat

    Electronic Arts Inc. reported a decline in sales and earnings for its fourth fiscal quarter on Tuesday afternoon, though the adjusted results came largely in line wi...

  5. Disney, Electronic Arts Partner on Star Wars Games

    Walt Disney Co. (DIS) and Electronic Arts Inc. (EA) today have signed a multiyear exclusive licensing agreement to develop and globally publish games based on Star W...

  6. EA Signs 'Star Wars' Deal With Disney

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  7. Wall Street Week Ahead: Few roadblocks to equities' climb after new high

    With Friday's payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains...

  8. EA Shares Get Lift As Analysts See Gains Ahead

    Electronic Arts Inc. got a lift on Tuesday morning after a pair of brokers upped their price targets on the videogame publisher -- with one also upgrading the stock ...

  9. Market Wrap for Tuesday, March 19: Dow Records Slight Gain, Nasdaq and S&P Close Lower

    The U.S. stock market was slightly lower on Tuesday as investors reacted to news that lawmakers in Cyprus have rejected a bailout plan which would include a tax on b...

  10. TECH STOCKS: Juniper, EA, ARM Fall; Dell Edges Higher

    An early tech rally fizzled Tuesday as the sector was weighed down by slumping shares of Juniper Networks Inc., Electronic Arts Inc. and ARM Holdings PLC.Juniper (JN...

  11. Apple, Google Lead Techs Higher, But ARM, EA Fall

    The tech sector was off to an upbeat start on Tuesday, trading broadly higher, led by shares of Apple Inc. , Google Inc. and Dell Inc. . The three stocks were each u...

  12. Electronic Arts CEO to Resign

    Electronic Arts Inc. (EA) said its Chief Executive John Riccitiello is stepping down and also said its fourth-quarter results could miss its earlier expectations.The...

  1. MARKET SNAPSHOT: U.S. Stocks Rise To Continue Record Run

    U.S. stocks rose Wednesday, with the S&P 500 extending record gains into a fifth session, after companies including Electronic Arts Inc. projected earnings that beat...

  2. TECH STOCKS: AOL Falls, But Facebook, Google, Apple Rally

    Technology stocks recovered from a shaky start Wednesday, getting a lift from shares of Facebook, Google, Apple and chip companies.Facebook (FB) rose 1% to close at ...

  3. MARKET SNAPSHOT: U.S. Stocks Mildly Up To Continue Record Run

    U.S. stocks rose Wednesday, with the S&P 500 extending record gains into a fifth session, after companies including Electronic Arts Inc. projected earnings that beat...

  4. MARKET SNAPSHOT: U.S. Stocks Inch Higher After Record-setting Run

    U.S. stocks inched higher on Wednesday as investors took a break after a string of record-setting gains.The Dow Jones Industrial Average (DJI) rose 11 points to 15,0...

  5. Market Wrap for Wednesday, May 8: Stocks Record Moderate Gains; Euro Rises

    In a slow trading session on Wall Street, U.S. stocks recorded moderate gains after opening the day lower. The docket of economic reports is light this week and inve...

  6. MARKET SNAPSHOT: U.S. Stocks Stall After Record-setting Run

    U.S. stocks stalled early Wednesday as investors took a break after a string of record-setting gains.The Dow Jones Industrial Average (DJI) fell 12 points to 15,044 ...

  7. EA Jumps To 52-week High On Full-year Outlook

    Shares of Electronic Arts Inc. jumped more than 12% to $20.64 -- setting a new 52-week high -- after the videogame publisher issued an earnings forecast for the full...

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