Is this GAME over?

Breaking news today about troubled high street retailer GAME GROUP (GMG).

Apparently Electronic Arts has said that they have stopped supplying supplying the high street chain after falling out over “credit terms”

It means Game may no longer receive Mass Effect 3, the largest game of the year so far, or other March releases.

As a holder of GMG shares, I’ll be following this story as it develops.

4 thoughts on “Is this GAME over?

  1. The following statement was made by Game Group today:

    “As part of the strategic plan development process which it announced on February 3rd, the Group has been working closely with its suppliers, as well as other stakeholders. In particular, the Group has been discussing with its suppliers the level of support and engagement it needs from them over the coming months. There have, during that process, been isolated instances where it has not been possible to agree launch plans for individual game titles.

    Today the Group confirmed that it will not be stocking a small number of titles from one supplier, Electronic Arts, during March and notes that this has caused speculation in the market. This situation, which is a result of ongoing discussions between the Group and EA, is a temporary one and indeed both businesses are already engaged in discussions about future launches together. It is always a matter of regret when customers are inconvenienced, and both the Group and EA are committed to ensuring that this situation does not occur again.”

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