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Harry Potter movie delay to hurt EA -- or is it?

Filed under: Video Game Business | Video Game Release Dates | Video Game Walkthrough
Posted by Lunabean on September 9, 2008 3:38 PM
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A couple weeks ago we all received the tragic news that the sixth installment of the Harry Potter series, Harry Potter and the Half-Blood Prince, was being pushed back in the movie theaters from Holiday '08 to Summer '09. At the time, we didn't know what that would mean for EA's videogame, slated to be released alongside the movie (although we had our suspicions).

Yesterday we received confirmation that the game would also be pushed back to Summer '09. Today, we hear that this move will cut out $120 million from EA's projected revenue for the current fiscal year.

Ouch...right? Well, it sounds worse than it is. EA is certainly going to survive this hit, as it barely put a dent in the $4.9 billion the company is expected to bring in this year (and, yes, that number reflects the $120 million loss).

Can you believe videogames are now such a huge industry that a company like EA can simply brush off a $120 million loss? These publishers are now solidly working with billions of dollars. BILLIONS. And we spend how much on videogames? I think these people are in cahoots with the oil industry. I really do.

Links:
Harry Potter and the Half-Blood Prince film delayed
EA's Harry Potter delay zaps $120M (Gamespot)
LB's Harry Potter and the Order of the Phoenix Walkthrough and Strategy Guide

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