Monday, October 17, 2011

Electronic Arts Inc. (NASDAQ:ERTS) To Close UK Studio

Electronic Arts Inc. (NASDAQ:ERTS) has announced the closure of its Bright
Light developer studio in the UK. Electronic Arts Inc. (NASDAQ:ERTS) To Close UK
Studio The largest game publisher Electronic Arts Inc. (NASDAQ:ERTS) said that
it has decided to close its UK based Bright Light developer studio, which
produced the successful Harry Potter franchise. The company has started the
formal consultation process with its employees as part of the legal process
before the closure. An Electronic Arts Inc. (NASDAQ:ERTS) spokesman said, "The
proposed changes will help centralize development on future projects, reduce
development costs and will allow for better knowledge and talent sharing within
the organization. Employees that are impacted will be considered for positions
at other Electronic Arts Inc. (NASDAQ:ERTS) Studios including those in the UK.
The UK is a vital centre of game development for Electronic Arts Inc.
(NASDAQ:ERTS) and we intend to maintain a strong presence here. Electronic Arts
Inc. (NASDAQ:ERTS) stocks are currently standing at 24.54. Price History Last
Price: 24.54 52 Week Low / High: 14.67 / 25.05 50 Day Moving Average: 21.33 6
Month Price Change %: 21.9% 12 Month Price Change %: 48.6%

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