CD Projekt Is Not Interested in Being Acquired
CD Projekt Is Not Interested in Being Acquired
Cyberpunk 2077 and The Witcher developer CD Projekt Red is not interested in being acquired despite the likes of Xbox and PlayStation actively seeking out studios to purchase.
Insomniac, the dev team behind the wildly successful Spider-Man games just had a leak. In the leak, it's discovered that they were strong-armed by Sony (who owns Insomniac) to downsize staff despite exceeding sales targets and hitting goals. They needed to downsize to help balance Sony's books, who have acquired a slew of failing or underperforming studios.
Sony owns Studio A, and Studio B. Studio B have underperformed for the last few years, whilst Studio A has outperformed their targets. Because of the shortcomings in Studio B, Sony are now out of pocket, even accounting for the earnings of Studio A. Studio A are forced to eliminate staff roles to make up for Studio B's mismanagement. A well oiled and well performing Studio have to butcher their teams to balance their parent entity's books. It's so fucking short sighted and stupid.
This isn't just a Sony/Insomniac issue either, I guarantee this goes on throughout the industry whenever there's a parent company. It's just how it will always be in those circumstances.
This is how any corporate ownership happens. Success is expected and exploited to cover the non successful units. Rather than retool bad units or invest in changes in them, they will squeeze the successful units as much as they can to power the rest of the business.
I have seen it personally in the travel industry. My spouse is seeing it in the food industry.
No one should be happy that Microsoft and others are buying up the game studios.
No one should be happy that Microsoft and others are buying up the game studios.
Correct, and we're seeing the consequences of these buyouts occur now with Embracer imploding. Its worse because the console makers expect their first party titles to move consoles, which indies need to get into homes. When they start to fail to move units due to dwindling quality, the house of cards will collapse for them.
We're watching the 1970s video game crash in slower motion, which occurred due to an excess of lower quality, costlier projects.
Activision Blizzard was a special case for me because they were already shit so new ownership might get them back to a neutral. I hate hating a company whose products I used to love so much.
Everyone is so happy now that Activision is part of Microsoft. That's going to change the moment Microsoft starts the layoffs. And they will happen.
I only warned you all for the past two years while this deal was allowed to go through.
Nah, nobody is going to cry if the C-suite of Blizzard gets sacked. There absolutely should be more layoffs, in order to fully eradicate the bro culture that enabled Kotick to be as rotten as he was.
ActiBlizz has some fat to trim. People will only be upset if the cuts focus on current developers, which seems very unlikely.
You warned us and we didn't listen and we failed to stop the transaction from happening. We are a bunch of fools.
With the state that Activision Blizzard was in before the acquisition, the company being gutted was one of the reasons I supported the acquisition. Sucks for the low level employees that will be caught in the fire, but the leadership absolutely needs to go for multiple reasons.
Warn? None of us bought the company there buddy
Who tf is happy about that?
I totally understand the appeal of money, in situations like this, but we've seen the history repeat itself time after time.
It's really great news, that they're saying no. Look at what happened with Blizzard, immediately after acquisition. Or Bungie (multiple times now). Lionhead too, the makers of Fable. Or Volition, the recently shutdown studio behind Saints Row. The list of these is endless
Being absorbed by a gigantic corporation, just to be told they're not interested in anything you do, is not helping anyone, except for those who are lining their pockets in the upper management and shareholder ranks
Could you imagine the state of their poor devs being abused by both CDPR and a shitty publisher? I don't think anyone would make it out alive
That’s what I was going to say.
They literally do a good enough job on their own overworking then laying off staff.
Reminder that CDProjekt is a public company, so this basically doesn't mean anything. There's a number where they can't say no (because the board would force it), and no one has offered that number (yet? microsoft is looking pretty desperate after their buyouts thus far haven't exactly set the world on fire)
The difference is that in Poland, the laws for public corporations don't require them to constantly hound for a fucking profit for shareholders.
As long as they have the majority of shares it's fine.
Else: Hostile takeover /shrug
Nice news. I'm glad they keep up the good work👍...
...eventually...
... with some path update.