EA chief sees fewer big industry mergers

Most of the consolidation in the video game industry has already taken place, but there is potential in fast-growing areas such as subscriptions and advertising, Electronic Arts Inc Chief Executive John Riccitiello said on Thursday.

Riccitiello, who engineered a deal last month to buy two independent game studios for up to $855 million, said half of the industry's video game sales came from just three publishers, compared with eight or nine companies 10 years ago.

"Is it ripe (for mergers), or has it already been picked? I would argue that it's been largely picked," Riccitiello told the Reuters Media Summit in New York.

The story is too old to be commented.
calderra3948d ago

EA already bought everything.

Bonsai12143947d ago

haha. was just going to type that too