Electronic Arts is definitely a power house and now it has established a 5 year contract with Facebook.
Looks like Facebook is on its way to become a profitable corporation.
Electronic Arts has signed a five-year deal to use Facebook Credits as the only accepted method of payment for its games on the social networking site.
Under the terms of the deal, EA will receive 70% of revenue from Facebook Credits and Facebook gets the other 30%. Consumers use the credits to play games and buy virtual goods within the apps.
The deal announced Tuesday is a boon for Facebook, which has made a big push for Facebook Credits. Facebook has been trying to formalize relationships with gaming companies -- and get rid of bad blood.
For example, Zynga was reportedly threatening to pull its games off Facebook and start its own platform earlier this year.
The Credits revenue split was reportedly one of the main sticking points, but Zynga signed its own five-year deal with Facebook in September. It, like EA, will also receive 70% of revenue from Facebook Credits.
Keep up the good work facebook!
Credits -cnn, -digitalbattle, -farmvillefreak
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