With rumors that Warner Bros. Interactive Entertainment is offered for sale, gaming giant Electronic Arts commented on its general approach to buying studios. As part of the company’s latest profit briefing, EA CFO Blake Jorgensen, who controls the company’s money, said EA was “more interested than ever” in buying studios. He declined to comment specifically on Warner Bros., but said EA – as one of the largest gaming companies on the planet – is usually combined when the studios go on sale.
“It’s very rare that we don’t have the opportunity to look at something that’s for sale,” Jorgensen said. “You can imagine … people call us and say we are thinking of selling the business or we are thinking of selling ourselves. We are a place that many people want to come home to in the long run if they decide to sell the business. We will look at almost everything. “
Jorgensen said he “could not comment on a specific acquisition”
“As you have seen in the past, where we have achieved the best is where we have long-term relationships with people and we are really trying to buy great talent against games,” he said. “I think Respawn is a classic example of that. We managed to put them in the basket and give them incredible support and all this was driven by the fact that they have incredible talent. It wasn’t about Titanfall – no offense to Titanfall. This is an amazing game and you might see Titanfall for a while along the way. But it really was for the team. “
EA worked with Respawn for years on the Titanfall franchise before buying the company in 2016 for hundreds of millions of dollars. Respawn has continued to perform well in recent years, releasing the popular grand piano game Apex Legends and the hugely successful Star Wars Jedi: Fallen Order.
Looking ahead, Jorgensen said EA would “always” look for new creatively led teams to acquire. However, EA may not make any acquisitions any time soon, in part because the global pandemic has led to companies that enjoy large fortunes and are less likely to sell.
But overall, Jorgensen said EA is “more interested than ever because we see talent and building new franchises is crucial to long-term business growth.”
In addition to EA, Take-Two, Activision, and Microsoft, all reports have expressed some interest in the WBIE purchase survey. The company has released titles such as Batman: Arkham Knight, Middle-Earth: Shadow of War and Mortal Kombat 11, among many others.