Electronic Arts Inc. (NASDAQ:ERTS) To Close UK Studio
Posted on October 17, 2011 at 09:24 AM EDT
Electronic Arts Inc. (NASDAQ:ERTS) has announced the closure of its Bright Light developer studio in the UK. Electronic Arts Inc. (NASDAQ:ERTS) To Close UK Studio The largest game publisher Electronic Arts Inc. (NASDAQ:ERTS) said that it has decided to close its UK based Bright Light developer studio, which produced the successful Harry Potter franchise. The [...]

Electronic Arts Inc. (NASDAQ:ERTS) has announced the closure of its Bright Light developer studio in the UK.

Electronic Arts Inc. (NASDAQ:ERTS) To Close UK Studio

The largest game publisher Electronic Arts Inc. (NASDAQ:ERTS) said that it has decided to close its UK based Bright Light developer studio, which produced the successful Harry Potter franchise.

The company has started the formal consultation process with its employees as part of the legal process before the closure.

An Electronic Arts Inc. (NASDAQ:ERTS) spokesman said, “The proposed changes will help centralize development on future projects, reduce development costs and will allow for better knowledge and talent sharing within the organization. Employees that are impacted will be considered for positions at other Electronic Arts Inc. (NASDAQ:ERTS) Studios including those in the UK. The UK is a vital centre of game development for Electronic Arts Inc. (NASDAQ:ERTS) and we intend to maintain a strong presence here”.

Electronic Arts Inc. (NASDAQ:ERTS) stocks are currently standing at 24.54.

Electronic Arts Inc. (NASDAQ:ERTS) To Close UK Studio
Price History
Last Price: 24.54
52 Week Low / High: 14.67 / 25.05
50 Day Moving Average: 21.33
6 Month Price Change %: 21.9%
12 Month Price Change %: 48.6%

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