Shares of Electronic Arts slid 3.28% on Tuesday after the video game company announced it no longer has a licensing agreement with Juventus, the Italian soccer club with Cristiano Ronaldo.
The rights to Juventus are now with Konami, a Japanese company which develops Pro Evolution Soccer. EA said in a news release that Juventus players will be available in future games but with a fictional club called Piemonte Calcio.
The FIFA franchise is EA's most popular game. The company said in a securities filing in May that net revenue from the three most recent versions of the game represented 14% of its total net revenue.
Versions of FIFA that have already been published will not be affected, the company said. The newest version of the game, FIFA 20, is scheduled for a Sept. 27 release.
Ronaldo is one of the most popular athletes in the world. Forbes listed him as the second highest-paid athlete earlier this year.