EA to invest $80 million in next gen console games

Electronic Arts (EA) has promised a whopping $80 million investment in games for next-generation consoles over the next year, expressing a staunch belief that the console market still has potential.

Electronic Arts (EA) has promised a whopping $80 million investment in games for next-generation consoles over the next year, expressing a staunch belief that the console market still has potential.

 
Over the course of the company's 2013 fiscal year, which ranges from 1 April 2012 to 31 March 2013, EA will invest $80 million in games for consoles like the Wii U, Xbox 720 and PlayStation 4.
 
“We are strong believers that console will return to strong growth, representing great opportunity, one that is in lockstep with our digital plan,” said John Riccitiello, CEO of EA.
 
 EA to invest $80 million in next gen console games
 
$80 million might sound like a lot on paper, but it's a small figure when translated into the funds needed for AAA games, some of which cost more than that alone. Even if only $10 million was afforded to each game it would result in only eight games from EA for the newest consoles.
 
Of course, this is only its investment for this year. With the next Xbox and PlayStation consoles not releasing until late 2013 EA may be being a bit more cautious with its spending. A good chunk of its investment over the coming year could go to Wii U titles, with Nintendo's new console releasing later this year.
 
Source: GamesIndustry