As part of its latest quarterly financial report, Electronic Arts has announced the settlement it reached in a lawsuit brought against the company by college athletes cost it about $40 million.
In a section of EA's second quarter financial report called "College Football Settlement Expenses," the publisher confirmed the monetary aspect of its lawsuit settlement. "During the second quarter of fiscal 2014, Electronic Arts recognized a $40 million charge for expected litigation settlement and license expenses related to our college football business," the report states.
The $40 million figure was originally reported by ESPN back in September. The settlement was just the latest in a series of happenings involving EA's college football video game series. In light of the ongoing litigation -- in which former college athletes alleged EA had used their likenesses (such as their sizes, skin colors, home states, and jersey numbers, but not names) in its games -- the NCAA announced in July that it would not renew its deal with EA Sports. That alone wouldn't impede EA's ability to continue producing college football games, and it actually signed a new, three-year deal with the College Licensing Company in order to continue doing so without the NCAA name. But certain conferences, including the SEC, then decided against licensing their trademarks for use in EA Sports games, ultimately prompting the cancellation of next year's college football game.
via IGN All http://feeds.ign.com/~r/ign/all/~3/hZ2A-aHivqI/ncaa-lawsuit-settlement-cost-ea-40-million
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