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[NEWS] KAALAKIOTA TO SELL ECHELON ENTERTAINMENT ASSETS TO COVER DEBT

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Natu Nobilis Tronhadar Free Guard Minmatar Republic 229	Posted - 2013.05.10 18:30:00 - [1] - Quote Passari GÇô Kaalakiota Corporation announced today that it will begin selling off assets owned by its subsidiary Echelon Entertainment in order to cover its upcoming debt payments to Caldari Funds Unlimited. The move, which has been expected by analysts since news of KK's financial difficulties were first brought to light, is expected to provide the megacorporation with enough operating capital to meet all its obligations in the coming quarter. Included in the sale are numerous properties, including equipment, studio space, and other physical goods. However, the majority of the sale, and that which is expected to draw most interest, are large amounts of its intellectual property and music rights. Rights to over three-hundred top-tier musical acts, holoreel productions, broadcast networks, and novels are being sold off. Most notably, the news program This is the State is up for sale, as is Echelon's highly popular economic news channel Caldari Financial Network. Nugoeihuvi Corporation has already announced that it will enter bids on several of the more popular Echelon properties, including the highly successful holoseries Reign of the Raata, a dramatized retelling of the rise of the Raata Empire which is currently on its fourth series.
XANDER KAG Red Star. EoN. 121	Posted - 2013.05.10 18:34:00 - [2] - Quote So... ummm I know this is news but is there any importance to this for New Eden in general? A megacorp is selling some crap, don't they do that everyday? Though if you have why they are in debt to Caldari Funds Unlimited in the first place I would be interested.
Skyhound Solbrave Rough Riders.. 27	Posted - 2013.05.10 18:37:00 - [3] - Quote I would consider this a last ditch attempt at gathering resources so Caldari can make another move OR maybe defend against Heth's opposition when he nationalizes everything.
Natu Nobilis Tronhadar Free Guard Minmatar Republic 229	Posted - 2013.05.10 18:38:00 - [4] - Quote Heth commands KK. KK is operating at loss. KK owns media. Media from KK will be sold. His popularity is not exactly the best right now, and we all know how much the media can influence the masses. Selling the propaganda arm may be a devastating blow to his remaining image. Who know what the new owners will talk about him and the State.
XANDER KAG Red Star. EoN. 121	Posted - 2013.05.10 18:41:00 - [5] - Quote Natu Nobilis wrote: Heth commands KK. KK is operating at loss. KK owns media. Media from KK will be sold. His popularity is not exactly the best right now, and we all know how much the media can influence the masses. Selling the propaganda arm may be a devastating blow to his remaining image. Who know what the new owners will talk about him and the State. Thank you! There is a reason I hate politics. Natu Nobilis, can you please post the link to were you're get this info? I like the lore a lot and you never know whats in there until you read it.
calisk galern BurgezzE.T.F Orion Empire 115	Posted - 2013.05.10 18:43:00 - [6] - Quote KK needs to spend it's tiom making me a better sniper rifle
steadyhand amarr NW WARLORDS 517	Posted - 2013.05.10 18:48:00 - [7] - Quote first steps towords civil war, heth is losing control
Kiso Okami Militaires Sans Jeux 75	Posted - 2013.05.10 18:56:00 - [8] - Quote Hmm... I should stray away from foreign affairs given that I am Gallente, but hopefully Kalaakiota doesn't crash and burn before Heth does. I am pretty certain that the consequences would be disastrous for Caldari as a whole if one of their Megas goes under at this specific junction in time.
Beren Hurin OMNI Endeavors 437	Posted - 2013.05.10 19:00:00 - [9] - Quote He'll just nationalize them after he sells them.
Natu Nobilis Tronhadar Free Guard Minmatar Republic 230	Posted - 2013.05.10 19:07:00 - [10] - Quote XANDER KAG wrote: Natu Nobilis wrote: Heth commands KK. KK is operating at loss. KK owns media. Media from KK will be sold. His popularity is not exactly the best right now, and we all know how much the media can influence the masses. Selling the propaganda arm may be a devastating blow to his remaining image. Who know what the new owners will talk about him and the State. Thank you! There is a reason I hate politics. Natu Nobilis, can you please post the link to were you're get this info? I like the lore a lot and you never know whats in there until you read it. Forgot to link! Thanks for the reminder. EVE World News Dust 514 Beta News Chronicles (A must read, the stories are awesome. Start from the bottom or pick one that interests you most, only a few have an "order") Interactive timeline (From then, to now) Trailers (I love Revelations II.)

XANDER KAG Red Star. EoN. 121	Posted - 2013.05.10 19:31:00 - [11] - Quote Natu Nobilis wrote: Forgot to link! Thanks for the reminder. EVE World News Dust 514 Beta News Chronicles (A must read, the stories are awesome. Start from the bottom or pick one that interests you most, only a few have an "order") Interactive timeline (From then, to now) Trailers (I love Revelations II.) I know CCP makes the best trailers. My favorites are dominion and "I was there"
General Tiberius1 ZionTCD Unclaimed. 644	Posted - 2013.05.10 19:35:00 - [12] - Quote XANDER KAG wrote: Yay, Heth is losing grip on media. Time for the Caldari to see what he has really been up to. Though if you have why they are in debt to Caldari Funds Unlimited in the first place I would be interested. we bankers are merciless
Natu Nobilis Tronhadar Free Guard Minmatar Republic 230	Posted - 2013.05.10 19:46:00 - [13] - Quote General Tiberius1 wrote: XANDER KAG wrote: Yay, Heth is losing grip on media. Time for the Caldari to see what he has really been up to. Though if you have why they are in debt to Caldari Funds Unlimited in the first place I would be interested. we bankers are merciless I really want the market to be fully implemented, so i can harvest tears and more tears from 1337 shooters when they can-¦t restock their fittings due to an economic attack that clared the entire region of equipment. "It-¦s not fair, this is a shooter game, why can-¦t i shoot due to a blockage? NERF THE MARKET, QQ whine" Banksters 514 / Online
XANDER KAG Red Star. EoN. 121	Posted - 2013.05.10 19:49:00 - [14] - Quote Natu Nobilis wrote: General Tiberius1 wrote: XANDER KAG wrote: Yay, Heth is losing grip on media. Time for the Caldari to see what he has really been up to. Though if you have why they are in debt to Caldari Funds Unlimited in the first place I would be interested. we bankers are merciless I really want the market to be fully implemented, so i can harvest tears and more tears from 1337 shooters when they can-¦t restock their fittings due to an economic attack that clared the entire region of equipment. "It-¦s not fair, this is a shooter game, why can-¦t i shoot due to a blockage? NERF THE MARKET, QQ whine" Banksters 514 / Online Well, time to start stockpiling ISK and Equipment!
Natu Nobilis Tronhadar Free Guard Minmatar Republic 230	Posted - 2013.05.10 19:50:00 - [15] - Quote XANDER KAG wrote: Natu Nobilis wrote: General Tiberius1 wrote: XANDER KAG wrote: Yay, Heth is losing grip on media. Time for the Caldari to see what he has really been up to. Though if you have why they are in debt to Caldari Funds Unlimited in the first place I would be interested. we bankers are merciless I really want the market to be fully implemented, so i can harvest tears and more tears from 1337 shooters when they can-¦t restock their fittings due to an economic attack that clared the entire region of equipment. "It-¦s not fair, this is a shooter game, why can-¦t i shoot due to a blockage? NERF THE MARKET, QQ whine" Banksters 514 / Online Well, time to start stockpiling ISK and Equipment! Ohhh, don-¦t worry.... There-¦s at least 2 years until that.
XANDER KAG Red Star. EoN. 121	Posted - 2013.05.10 20:00:00 - [16] - Quote Natu Nobilis wrote: Ohhh, don-¦t worry.... There-¦s at least 2 years until that. Thats why I'm stockpiling now get enough ISK and money and I could last over a month before I'm really effected. What I'm worried about is if an EVE player decides to do it... They make as much money in a couple of hours as most of us make in a month...
Natu Nobilis Tronhadar Free Guard Minmatar Republic 230	Posted - 2013.05.10 20:07:00 - [17] - Quote XANDER KAG wrote: Natu Nobilis wrote: Ohhh, don-¦t worry.... There-¦s at least 2 years until that. Thats why I'm stockpiling now get enough ISK and money and I could last over a month before I'm really effected. What I'm worried about is if an EVE player decides to do it... They make as much money in a couple of hours as most of us make in a month... I-¦m guessing out of my kitten that it will take at least 2-3 years until they have the economy stable enough to allow direct isk transfer between the games, and who knows how long until we have a proper industry. Right now, we-¦ll be an isk sink with the taxation and NPC only market. By then, you-¦ll have much much more than a month-¦s worth of equipment, don-¦t worry =)
Karl Koekwaus Tronhadar Free Guard Minmatar Republic 50	Posted - 2013.05.10 20:24:00 - [18] - Quote Everyone knows Holoreels produced in Gallente Pleasure Hubs are the best holoreels, so nothing of value was lost.
XANDER KAG Red Star. EoN. 121	Posted - 2013.05.10 20:30:00 - [19] - Quote Natu Nobilis wrote: I-¦m guessing out of my kitten that it will take at least 2-3 years until they have the economy stable enough to allow direct isk transfer between the games, and who knows how long until we have a proper industry. Right now, we-¦ll be an isk sink with the taxation and NPC only market. By then, you-¦ll have much much more than a month-¦s worth of equipment, don-¦t worry =) Thats the problem, I have this horrible habit of going around corners to find either a heavy or a full red squad also coming around said corner. In all seriousness this has happened every match I have been in since I started playing in January. Sometimes I'm lucky and the heavies are terrible though...
Natu Nobilis Tronhadar Free Guard Minmatar Republic 232	Posted - 2013.05.10 20:41:00 - [20] - Quote Karl Koekwaus wrote: Everyone knows Holoreels produced in Gallente Pleasure Hubs are the best holoreels, so nothing of value was lost. I watch them with my Exotic Dancers.



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