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Zahle Undt
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Posted - 2014.06.05 17:27:00 -
[1] - Quote
vlad stoich wrote:Viktor Hadah Jr wrote:www.polygon.com/2014/6/5/5782190/ccp-iceland-layoffs-eve-online
Discuss? OMG the sky is falling. Next is to pull the plug on this game. "Development teams and plans for EVE Online, EVE: Valkyrie, DUST 514, and 'Project Legion' are not impacted by the restructuring."
Yeah CCP isn't known for lying at all so if they say it won't impact development it must be true. Hell and Star Citizen hasn't even really begun to steal some of Eve's small playerbase yet. CCP is a sinking ship and while I usually don't wish for even the likes of EA to fail it couldn't happen to a worse company in this case. Sorry for the employees that lost their jobs I hope they find work at better, more reputable companies.
CCP should sell the WoD IP while it still has value, it'll sell for much less when the bankruptcy auction happens.
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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Zahle Undt
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Posted - 2014.06.05 17:44:00 -
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TechMechMeds wrote:This will be because the money that ccp basically put in a pile and burnt.
I'd say they are on 2 out of 3 strikes in their shareholders books.
Sht happens.
I didn't think they were a public company so they don't have shareholders. The polygon article mentions investors which are sort of a different animal than shareholders, they don't own any part of the company, but they expect a return on their investment and will certainly not put any more money in if they don't like the direction the company is heading in. Aand who could like CCP's current direction? If CCP does have public shares it must be a penny stock.
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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Zahle Undt
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Posted - 2014.06.05 18:11:00 -
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TechMechMeds wrote:Zahle Undt wrote:TechMechMeds wrote:This will be because the money that ccp basically put in a pile and burnt.
I'd say they are on 2 out of 3 strikes in their shareholders books.
Sht happens. I didn't think they were a public company so they don't have shareholders. The polygon article mentions investors which are sort of a different animal than shareholders, they don't own any part of the company, but they expect a return on their investment and will certainly not put any more money in if they don't like the direction the company is heading in. Aand who could like CCP's current direction? If CCP does have public shares it must be a penny stock. That's actually what I meant. I'm not used to being corrected, I am humbled.
No worries my friend. Most people wouldn't know or care about the difference, I am just one of those people with a bit of (mostly useless) knowledge in multiple areas and is enough of an @sshole to point out such minutia whenever possible  .
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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Zahle Undt
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Posted - 2014.06.05 20:12:00 -
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Krixus Flux wrote:A development company that doesn't layoff their staff and readjust would be more shocking to me, than this standard operating procedure
Its SOP for a game developer who builds a game, releases it, keeps a small staff on the game to work on bug fixes and/or DLC, and then might have some "downtime" before ramping up production on another game. This is not one of those cases, no matter how much the CCP fanboys may wish to delude themselves.
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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Zahle Undt
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Posted - 2014.06.05 21:16:00 -
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Tech Ohm Eaven wrote:Zahle Undt wrote:TechMechMeds wrote:This will be because the money that ccp basically put in a pile and burnt.
I'd say they are on 2 out of 3 strikes in their shareholders books.
Sht happens. I didn't think they were a public company so they don't have shareholders. The polygon article mentions investors which are sort of a different animal than shareholders, they don't own any part of the company, but they expect a return on their investment and will certainly not put any more money in if they don't like the direction the company is heading in. Aand who could like CCP's current direction? If CCP does have public shares it must be a penny stock. The sad or pathetic part is CCP barely cleared 76 million dollars for the entire year. Thats a terrible Return on Investment or ROI. Next years CCP financial statement is going to be popcorn worthy what with many investors jumping ship to Star Citizen.
Well exactly, the ROI is **** and thus investors are pissed. CCPs way of handling this is to cut costs (IE labor) because they have pretty much no way of actually raising revenue. You are right about next year's financials too because I don't see how CCP is going to raise revenue. Even if Valkyrie finishes and ships next year, what is the install base of Oculus and Morpheus going to be? Pretty ******* low I'd imagine, so you aren't going to recoup those development costs there. I can very much see CCP pushing Legion out the door ASAP (IE before its ready) so maybe they make a few quick bucks there but it will hurt the overall reputation and success of that game. They can grow the EVe subscription base, but really how many new players are you going to attract to Eve after 10 years and especially with a newer shinier more gamer friendly and less spread sheet warrior friendly Star Citizen out there?
So while part of my predictions for CCP closure or,at best, buy out by a publisher are out of pure spite, I honestly also cannot see a situation in which CCP is not royally ****** for at least the next couple years.
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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Zahle Undt
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Posted - 2014.06.05 22:11:00 -
[6] - Quote
Tech Ohm Eaven wrote:Zahle Undt wrote:Tech Ohm Eaven wrote:Zahle Undt wrote:TechMechMeds wrote:This will be because the money that ccp basically put in a pile and burnt.
I'd say they are on 2 out of 3 strikes in their shareholders books.
Sht happens. I didn't think they were a public company so they don't have shareholders. The polygon article mentions investors which are sort of a different animal than shareholders, they don't own any part of the company, but they expect a return on their investment and will certainly not put any more money in if they don't like the direction the company is heading in. Aand who could like CCP's current direction? If CCP does have public shares it must be a penny stock. The sad or pathetic part is CCP barely cleared 76 million dollars for the entire year. Thats a terrible Return on Investment or ROI. Next years CCP financial statement is going to be popcorn worthy what with many investors jumping ship to Star Citizen. Well exactly, the ROI is **** and thus investors are pissed. CCPs way of handling this is to cut costs (IE labor) because they have pretty much no way of actually raising revenue. You are right about next year's financials too because I don't see how CCP is going to raise revenue. Even if Valkyrie finishes and ships next year, what is the install base of Oculus and Morpheus going to be? Pretty ******* low I'd imagine, so you aren't going to recoup those development costs there. I can very much see CCP pushing Legion out the door ASAP (IE before its ready) so maybe they make a few quick bucks there but it will hurt the overall reputation and success of that game. They can grow the EVe subscription base, but really how many new players are you going to attract to Eve after 10 years and especially with a newer shinier more gamer friendly and less spread sheet warrior friendly Star Citizen out there? So while part of my predictions for CCP closure or,at best, buy out by a publisher are out of pure spite, I honestly also cannot see a situation in which CCP is not royally ****** for at least the next couple years. In Iceland or Atlanta? Also, I'd be shopping the WoD rights or IP, whatever the proper term ours, sooner rather than later. I don't see how demand for a WoD game and thus value is going to go up over time, but I could be wrong. I'm not a market analyst Whats even more fun is CCP is expecting to sell some offices/buildings for 50 million to raise some revenue but last I heard the folks with Capital are going to wait until next year to say 50M bro?? ....nah! 15 Million tops. Popcorn worthy financials.
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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Zahle Undt
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Posted - 2014.06.05 23:28:00 -
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Gemini Cuspid wrote:Definitely not white-knighting the topic but I'll help to clarify a few things. The massive "write-off" and negative in their last balance sheet was from software that they once ascribed a specific value to and ended up axing. While it's not 100% confirmed most people are assuming that the reason for the huge negative in their profitability is that they basically wrote off WoD on their balance sheets after writing it as an asset in one of the prior years.
The employee layoff and reduction was expected as developers only dedicated to WoD are obviously not required. From a strictly business perspective they only did one thing wrong; they kept all of their executives on-board. This kind of implies the message that the status quo is pretty good at the top and I really would say it's far from that. You usually see a sacrificial lamb at this stage when disasters that the current level of executives are responsible and some sway in affecting.
This was a really good chance to add some new air and a face that could rebuild relationships between CCP and its larger community. Even in Japan where "being polite" and corporate seniority etiquitte dominate Sony canned and shifted roles. CCP may not be big but they aren't on the best track record right now for winning moves and if Legion is their "high point" it looks to be a rough, really rough year for them...
Nothing wrong with a different opinion, I enjoy a good discussion. In the spirit of such debate, the layoff of the solely WoD people already happened at cancellation and we already know (I believe) that non-WoD people were affected, CCP Eterne for example. I will have to accept your point on the WoD asset as my field isn't business and I'm not going to pour through that financial report and try and make sense of it. To me that comes down to weird bookmaking if it is true and I wonder how much the IP itself is valued at as an asset and if they do or do not count that in their financials even if the game itself and its projected revenue was written off as a loss.
I feel bad for it because these employees' lives are negatively impacted by all this, but I can't help but enjoy the soap opera of it all and interested to find out if I'm right or wrong about the future fate of CCP.
Most tankers are like sand people. They frighten easily, but will quickly return...and in greater numbers.
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