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Electronic arts announcing new games for the next generation gaming console Sony's PlayStation four and Microsoft's newly revealed Xbox one.
Investors seem to be betting big on the company's future the stock is up 55% this year over a 100% in twelve months.
Beautiful performance joining us now but chief operating officer of electronic arts.
Peter Moore great to see you at the stocks come alive certainly over the past year.
And now you've got Xbox the brand new Xbox console PlayStation four is coming this -- exciting time for you.
How do you best position yourself at a time when some of the package game sales are not doing as well.
While -- -- good to see you as well from our perspective we've got some of the greatest franchises in the industry you swords and Xbox one -- launch -- -- things Seattle without E.
SPORTS titles -- battlefield franchise.
Of course titles like need -- speed but at the same time we're very diversified company as I think you know -- the mobile business to your point is also growing exponentially and I'm well -- that.
Let me get to that mobile point here the proliferation.
Of mobile devices downloadable games for mobile devices.
I know that your predecessor.
John -- tell -- really got the day up to speed when it came to digital because couple years ago.
Very few of these companies had anything now you guys are well positioned -- you've done very well all we have to do is look -- say for example.
How people with the Samsung galaxy for which sold millions in the first two weeks.
People are downloading your -- what's the most popular game that's being downloaded by EA.
Right now it's real racing three it's a free to play game for my final -- -- and Australia nearly forty million people now.
And installed the game and you -- whether it Samsung's galaxy on the android platform and of course.
We -- the number one publisher in the world on the IOS platform from apple.
John -- is in great position to do all of the titles that are franchises supports so well as well as building new franchises in new IP and myself to get the Simpsons tapped out.
Which is cutting on pretty close to a hundred million dollars in gross revenue.
Over the past twelve to fifteen months.
Peter let let me ask you general question about what you do I but I always think of Tom Hanks in that movie big.
Where it took a kid who loved playing games to be able -- make it in the in the game making industry.
Is it the same with -- or do you ever get so bogged down with the numbers in the management issues that you kind of lose sight of the fun.
That really energizes your business.
Not at all we are nine and a half thousand people that are from the most creative backgrounds.
We as a company now have been developing franchises.
For the best 125 -- this is up 25 anniversary.
Of Madden NFL for example David and and the company celebrated its thirtieth anniversary last week the first -- we shipped.
With thirty years ago and and the -- that believes this Liz has been on our campus she knows what I'm talking about it's a great company to work for and some of the best people and she worked for electronic -- you know we've been talking to a lot of people in the technology industry and they say that that is that is the key -- -- -- drains all the time that lead to the demise of certain companies.
In the tech sector what do you do.
To keep people attracted to to your company to that excitement.
You have to keep calm people -- motivated by working on fresh projects.
At mobile this certainly invigorated our company over the last couple of years we've moved a lot of people away for example from social network gaming.
To mobile platforms from -- packaged goods games to delivery not content digitally will do one point seven billion dollars this year digitally when I joined the company back in 2007.
We were only doing 200 million.
That's one half billion dollars in net revenue increase on digital over -- five year period so.
Working -- fresh projects making -- that we keep ahead of the trends without consumers and keeping game is motivated by giving them great experiences all the time.
That's what keeps people of the day.
Do you think Peter that at some point you have to predict that the packaged game.
Is going to go by way of the type -- at some point it's all going to be downloadable talk ought to be on the Internet.
I think at some point -- that may or may not happen before a global business and the Internet is still got knocked predictable for many consumers around the world the speeds are not there remember we're delivering games -- 678.
Gigabytes in size.
And so having a guy content on a disk is the most convenient way probably right now for the great majority game is outside of -- developed countries.
When we think about the future yes you look at music is an example you look at it.
But the way that they have been able to move eventually through services which we are developing Didier are given to deliver content digitally but I think that that the physical media the package goods.
Elements of our business going to be around for a long long time to come.
Now no more albums no more -- -- pizza and yes you guys have a great campus -- sleep on a futon there any time with your.
-- -- clear about what -- -- final just an easy question which do you prefer PlayStation or Xbox.
That's left yeah your right shoulder a lot of kidding I'm making guys they really get into that went right he -- out -- W as well can't we got Nintendo they thanks Larry good to see I think you guys he's having fun playing your game definitely better floor of the day.
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