China Bans EA's Battlefield 4

NEW YORK (TheStreet) -- Shares of Electronic Arts (EA) fell 2.1% to $23.17 on Friday after its Battlefield 4 video game was banned in China, according to media reports.

China's Ministry of Culture called the first-person shooter a threat to national security, according to Barron's. The ministry banned the game and all related material, accusing the video game publisher of using the game as a form of cultural invasion. Chinese gamers who have the game can no longer access online content, and have been asked to delete the game from their consoles and PCs.

The issue seems to hinge on Battlefield 4's recent China Rising expansion. In the expansion, a fictional Chinese general attempts to overthrow the Chinese government, forcing the U.S. and China to join forces against his army. The expansion takes place in several war-torn sections of China in the year 2020.

TheStreet Ratings has assigned Electronic Arts a rating of C, which is a "hold" rating.  TheStreet Ratings has this to say about their recommendation:

"We rate ELECTRONIC ARTS INC (EA) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining."

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