Facebook and EA agree gaming deal for 5 years

Facebook and games giant Electronic Arts have penned a massive 5 year deal together, which makes Facebook Credits the exclusive payment method for any EA game on the social networking site.

Facebook Credits are currently the online currency method that people use to pay for premium items and virtual goods. Some retailers are offering the credits as incentives to shop with them, and as a reward they give their customers the currency opposed to coupons and discounts. According to Yahoo, Facebook will give EA 70 percent of profits earned on the site.

Facebook’s vice president of partnerships and platform marketing, Dan Rose issued a statement about the new deal. “Playfish has a great reputation for building high-quality games on Facebook, and we look forward to working even more closely with them and the larger team at EA.”

Electronic Arts has introduced games such as “Restaurant City” and “Pet Society” onto Facebook from their EA division Playfish. The 2 games are in the top 10 list of played games every day. The company has also brought classic family game Monopoly and football games to the social networking site.

What do you think about the big deal between these 2 massive companies? Leave us your thoughts in the comments. Should Facebook Credits be the dominant in game currency?