HomeNewsFeaturesJobsCareer FairEducationResourcesMobile

James Lee 10:06 (BST)
22/07/2008

James Lee

Riccitiello: Investors don't give a sh*t about quality

Electronic Art's CEO, John Riccitiello, has expressed his belief that investors are unimpressed by the quality of games produced but rather by their profitability.

Speaking to Venture Beat, Riccitiello responded to the assertion that EA's stock hasn't moved despite higher game review scores.

"I don't think the investors give a sh*t about our quality. They care about our earnings per share. They wait for it to happen. We had three years where we didn't make our expectations. If I were an investor, I would wait and see. That's fine with me," Riccitiello explained.

During the interview, he went on to comment about the media's interest in EA's proposed acquisition of Take-Two saying he wasn't interested in chasing headlines.

"I don't care if people write about Take-Two. It doesn't matter to me. What matters to me is that... we're making progress toward that goal," Riccitiello said.

"Having clever verbal sword play about Take-Two doesn't really matter. I'm not really playing for a headline in the New York Times."

Comments

To comment on this article, or view other users comments, you need to register for the GamesIndustry.biz Network.


In Related News

Financial

Square Enix confirms Tecmo bid

Square Enix confirms Tecmo bid

Final Fantasy publisher awaits response on the friendly bid, offering a 30% premium on shares

People

Codemasters appoints 4 new senior execs

Codemasters appoints 4 new senior execs

Axel Herr, Alex Bertie, Matt Jeffery and Paul Martin join the publisher's top team

Retail

Wii titles continue to top European charts

Wii titles continue to top European charts

Spanish and German software sales dominated by titles for Nintendo platforms

Business

GameStop names new CEO

GameStop names new CEO

Daniel DeMatteo, former COO, to replace longstanding Richard Fontaine

Newsletter Signup

Sign up to the FREE GamesIndustry Newsletter and receive a comprehensive round-up of industry news and info.


GamesIndustry.biz is the world's most read and influential games industry website. But don't just take our word for it!

"GamesIndustry.biz is essential reading. I read it daily as my main online source of information about the European games market. Operating in a fast-changing global business, I have to have up-to-date, reliable information — GamesIndustry.biz is a great resource. The team are highly professional and well-regarded."

Peter Moore

Latest announcements courtesy of GamesPress
  • 11h
    ago
    Rock Band - Locksley tracks now available.
  • 11h
    ago
    Black Mirror 2 - Shattering news of a GC trailer.
  • 11h
    ago
    Dragon Age:Origins - Fan-friendly Toolset to be demoed at the Penny Arcade Expo.
  • 13h
    ago
    Monumental Games expansion - Nottingham-based online games developer grows from 35 workers to 60 within 6 months.
  • 13h
    ago
    Square Enix/Tecmo proposal - Time to throw out all the company stationery again?
  • 13h
    ago
    Tank Universal - New trailer released, and a demo too. It's all go.
  • 13h
    ago
    HDMI Trilink Switcher - Sounds like something Spock would use, but in fact connects three consoles/players to one TV input.
  • 14h
    ago
    Ninjatown - Eek. It's Wee Devil.
  • 14h
    ago
    ACE Online - Shooty space strategy MMORPG enters open beta.
  • 15h
    ago
    Aerosoft MCP747 - Flight Sim X add-on interfaced with Engravity's 737 and 747 CDU hardware.