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EA buys Playfish for HUGE MONEY photo

A little factoid that usually cruises under "hardcore" gamers' radar is that casual games make money. Make a lot of money. So much money that casual game company execs regularly regularly take money baths, swim in money pools, and inhale their prescription medication though tubes made of money. Incidentally, those prescription meds? Powdered money.

Some of the most casual of casual games are the ones you can play on Facebook or other social networking sites. It's a confirmed fact that 100% of Facebook owners have, at one point or another, received an invitation to join Pet Society, Restaurant City, or some sort of social game involving the mafia.

That said, it makes perfect sense that EA would go and buy Playfish, one of the "big three" social gaming companies. The price? A whopping $275 million. An additional $25 million was tacked on top for something called "equity retention arrangements," and Playfish could snag up to $100 million more for meeting certain "performance milestones" by 2012. All in all, that's enough money to remake Grand Theft Auto IV four times over

An interview with Gamasutra confirmed that Playfish would be operating under EA Interactive (EAi), EA's division devoted to wireless and web gaming. Barry Cottle, EAi's senior VP and general manager, said that the move gives EA "the chance to establish ourselves in a leadership position overnight."

Jesus Christ, that's a lot of money.


Continue: More Money stories





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24 comments | showing # 1 to 24

Hamza CTZ Aziz's Avatar - Comment posted on 11/09/2009 14:26
Hamza CTZ Aziz
oh em gee, it's unbangkaybabies

In related news, EA laid off a ton of people today from all over.
Justice's Avatar - Comment posted on 11/09/2009 14:30
Justice
When I saw a blog from you yesterday I was gonna comment about you unangbangkays avatar but in grayscale, but to realise that you and him are one and the same! HEAD ASPLODE!
Justice's Avatar - Comment posted on 11/09/2009 14:31
Justice
Congrats by the way!
Avalon51's Avatar - Comment posted on 11/09/2009 14:38
Avalon51
inb4 "Who the fuck is Josh Tolentino?"
Zodiac Eclipse's Avatar - Comment posted on 11/09/2009 14:38
Zodiac Eclipse
Hey I know you, Congrats on grayscale!

I hate facebook app games. I've played a few and they all turn into a competition to see who has the biggest friends list. Can't I just waste my time without everyone I know realizing what a loser I am?
Your Moms Hot Lover's Avatar - Comment posted on 11/09/2009 14:40
Your Moms Hot Lover
it's really not that much money if you think in business terms
RenagadePanda's Avatar - Comment posted on 11/09/2009 14:50
RenagadePanda
That lowercase i worries me. It generally means I'll spend a lot of money for something mediocre.
sprldr's Avatar - Comment posted on 11/09/2009 14:58
sprldr
As if EA wasn't big enough...
matty125's Avatar - Comment posted on 11/09/2009 15:05
matty125
I didn't know you liked Konata, Josh. I'm more of a Tsukasa guy.
crusnchill's Avatar - Comment posted on 11/09/2009 15:07
crusnchill
What next?! EA DIY department. I could see the advert now: "Play games while you fix your toilet in place..."
"We even have 24 hour servielance in case you break a nail or have a termites in your house..."
Your one stop site where you will come and die"
"Speaking of death we EVEN sell coffins and hold funeral ceremonies."
"Head down to your local mall now and pickup a leaflet TODAY!"
Black Nexus's Avatar - Comment posted on 11/09/2009 15:09
Black Nexus
Congrats on being grayscaled, also I'd retire if I could throw around money like that.
crusnchill's Avatar - Comment posted on 11/09/2009 15:10
crusnchill
I would have edited this comment to correct my spelling but there isn't an edit button.
Jon B's Avatar - Comment posted on 11/09/2009 15:27
Jon B
The greyscaled avatar just signifies that yes, Josh does look like Konata in real life.


I think EA will make a lot more money out of this than you would think. FarmVille and the like on Facebook make an absolute killing every day through ads etc, let alone the fact that people will pay real money for "Farm Cash".
Naim Master's Avatar - Comment posted on 11/09/2009 15:42
Naim Master
Mang, since you appearances on Japantor (I only read your part, fuck anime, give me Segata Sanshiro and poop and tubs), and there's only one thing that disturbs me, why don't you show us your face? It can't possibly be as bad as I imagine!
Necros's Avatar - Comment posted on 11/09/2009 15:45
Necros
Congratulations on making editor!
Monodi's Avatar - Comment posted on 11/09/2009 15:52
Monodi
Well shit, Unang is an editor now. <3

I am pretty surprised about the acquisition, it could mean Pet Society is heading for Nintendo DS. My sister would buy it since she is very addicted to it.
Xzyliac's Avatar - Comment posted on 11/09/2009 15:58
Xzyliac
Who the fuck is Josh Tolentino?
JesterHead's Avatar - Comment posted on 11/09/2009 16:13
JesterHead
Congrats man, you deserve being an editor.
Tactix's Avatar - Comment posted on 11/09/2009 16:15
Tactix
dude.. Josh. I have yet to meet you. We need to fix this.
Handy's Avatar - Comment posted on 11/09/2009 16:26
Handy
Congratulations on your promotion to grey!
Jon B's Avatar - Comment posted on 11/09/2009 17:02
Jon B
Oh and I would say "Congratulations on being greyscaled" but you really have earned it. I think you were probably my second ever blog to be followed, because I can rely on you for quality blogs.


...uhh, so, congratulations on making it to greyscale! :D
TheCleaningGuy's Avatar - Comment posted on 11/09/2009 17:12
TheCleaningGuy
Hey! I'm glad you won't be exclusively Japanator now! <3
Congrats for the millionth time today!
EASUCKSBUTT's Avatar - Comment posted on 11/13/2009 01:19
EASUCKSBUTT
http://eahatesamerica.blogspot.com/
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