Game: EA stock issue is “temporary”
Game Group has moved to assure investors that its credit dispute with EA, which will leave the UK's largest specialist retailer without stock of one of the biggest releases of the year so far in Mass Effect 3, is only temporary.
Game admitted yesterday that it had decided not to stock EA titles following the release this week of SSX because the publisher was unwilling to relax its credit terms, and the company's share price fell 15 per cent during trading yesterday. In a statement, the retailer says it is still in discussions with EA about future launches.
"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," reads the statement, which was released yesterday. "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."
It's welcome news, but there's no indication that the situation will be resolved any time soon. The reported loss of Game's credit insurance has also left it unable to stock Nintendo-published titles Tekken 3D Prime Edition, The Last Story and Mario Party 9. It also had no stock of Ubisoft's PS Vita launch titles, though that apparent credit dispute was resolved earlier this week.