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EA can always keep printing money by putting out the same sport games every year, how the fuck did they get into $36 billion debt?
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EA can always keep printing money by putting out the same sport games every year, how the fuck did they get into $36 billion debt? I’m not even mad, that’s impressive.
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G Games shared this topic
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EA can always keep printing money by putting out the same sport games every year, how the fuck did they get into $36 billion debt? I’m not even mad, that’s impressive.
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The $20B was printed by JPMorgan Chase bankers so that Jared Kushner and the Saudis could buy EA at 45% off. In return, the saudis promise that they can siphon $20B from fired workers back to the bankers over the next ~10 years.
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No? JPMorgam Chase wrote a loan, right? Don’t they win no matter what, so long as the company doesn’t go under? They’re getting interest no?Yes, it's a loan so big that normal personal finance "savings and loans" rules don't really apply. This loan is 3X EA's entire revenue, 2X Nintendo's entire revenue. Basically an entire new game-publisher's worth of money flowed into the gaming industry to exert dictatorial control over EA. JPMorgan Chase just have to make sure that they get their money back from the EA employees they just helped the Saudis buy.
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No? JPMorgam Chase wrote a loan, right? Don’t they win no matter what, so long as the company doesn’t go under? They’re getting interest no?
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Yes, it's a loan so big that normal personal finance "savings and loans" rules don't really apply. This loan is 3X EA's entire revenue, 2X Nintendo's entire revenue. Basically an entire new game-publisher's worth of money flowed into the gaming industry to exert dictatorial control over EA. JPMorgan Chase just have to make sure that they get their money back from the EA employees they just helped the Saudis buy.They actually don't even have to do that. They get the money off the fees and limited interest on the transaction and sell the debt as a "prime" investment to your retirement fund or pension. Leaving the common people to hold the bag while they receive millions in fees and no liability
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EA can always keep printing money by putting out the same sport games every year, how the fuck did they get into $36 billion debt? I’m not even mad, that’s impressive.As someone who understands the differences between soccer games I can tell anyone who actually gives a fuck about soccer game quality and is not gacha addicted will confirm current FIFA/FC is utterly shit. They are probably paying billions in some many teams and players licensing while everything has miniscule improvements or even removing stuff (like Volta game mode). Every year EA is reporting lesser and lesser profits from the FC series, and doesn't help that after the first weeks the yearly games start rotting in store shelves while asking 60+ Euro. They make money from the whales spending salaries on player card packs on FUT, and they are quite angry too. Konami is down the corner gaining more and more revenue and users yearly from the FC refugees (not that f2p eFootball is good either).