Analysts Say BioWare's Closure Was Predictable After EA Buyout and Mass Effect Is Now a Prestige Project
Franchises Like Mass Effect Are a 'Prestige Project' for EA, and BioWare's Closure Was 'Entirely Predictable,' Analysts Say
Analysts told IGN that BioWare's closure was hard to avoid even before EA's $55 billion acquisition, as EA now carries roughly $18 billion in debt with about $1.8 billion in annual interest against around $1.5 billion in annual EBITDA. Joost van Dreunen said franchises like Mass Effect and Dragon Age are too expensive for most buyers and are treated as prestige projects at EA, making a sale unlikely. Ampere's Piers Harding-Rolls added that Dragon Age: The Veilguard sold an estimated 1.9 million units worldwide through the end of September, well below internal targets.
Same story, shown on the selected item Analysts Say Closing BioWare and Cancelling Mass Effect Was No Surprise for EA
Source: IGN · ign.com