Just how rough a year was 2007 for the Need for Speed franchise? Well, things with Need for Speed ProStreet (PC, Xbox 360, PS2, PS3, Wii) got so bad that it forced EA's hand to reform the distribution of manpower in its Vancouver studios. There will be twice the staff and longer development periods to allow devs to increase quality on their projects. More in the full story up ahead.

Electronic Arts' John Ricitiello made a bold statement regarding the state of entertainment media. He spoke of video games and movies. With the way things are developing now, he said that Hollywood needs video games more than it needs them. Find out the details in the full article.

Time for our daily dose of what's up in the industry we gamers call home. The latest word out in-between cubicles is that a former EA executive-turned-McAfee top brass is returning to the arms of the superstar publisher. But what changes things from jumping ship three years ago is that this time he's to take on the role of Chief Financial Officer and executive vice president of the largest game publisher to date. Get some more scoop at the full story.

If you've been keeping up with Electronic Arts' efforts to buy out Take-Two Interactive, then we've got an interesting bit of behind-the-scenes news for you. It seems that EA's own John Riccitiello views the takeover bid as an offered helping hand to the publisher, and this in itself is not going good with quite a few of this industry's leading analysts. Check out all the details in the full article and see what you think about this little hubbub.

If you've been keeping up with the Take-Two buyout malarkey from Electronic Arts, then you'd know that EA is now targeting the shareholders after Take-Two gave them the cold shoulder. Now, we get the look at just what's driving this offer, with the word straight from EA Chief Executive John Riccitiello himself. All the details after the jump.

Controversial attorney Jack Thompson is at it again. This time around he gave more than his two cents regarding the Electronic Arts and the Take-Two Interactive merger. In fact, he said he'd be willing to help EA with their endeavor of acquiring Take-Two. Find out more after the jump!

The biggest development these days in the video game industry is EA's plans to buy Take-Two Interactive. As you all know, however, the publisher has turned down the offer due to a couple of reasons.

But the biggest question here is why EA wants Take-Two so much. CEO John Riccitiello recently granted an interview and explained their stake on this deal. The full story awaits after the jump!

Electronic Arts (EA) already expressed its willingness to acquire other developers under its wing, and its recent aggressive move to buy Take-Two Interactive just showed how intent they are in doing so. However, Take-Two Interactive's Strauss Zelnick and the Board declined EA's offer, even if it was increased after their first refusal. Read more about it in the full article.

Thanks to inetif for the tip!

"To err is human..." or so the saying goes. Electronic Arts' CEO John Riccitiello had a little something to say about learning from one's professional mistakes during a recent Q & A session. Read all about Riccitiello's responses in the full article, located after the jump.

There was a time when developing games in your own garage would have made you rich beyond your wildest dreams. That dream is getting farther and farther out of reach as the video game industry is becoming larger and more complex. EA CEO John Riccitiello remarked in his DICE keynote speech that by 2010, the garage studio dream will no longer be possible. More in the full article.