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Thread Statistics | Show CCP posts - 0 post(s) |
Yarrrrrhh
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Posted - 2011.06.27 19:22:00 -
[1]
Edited by: Yarrrrrhh on 27/06/2011 19:24:57 Someone got their hands on the latest annual report of CCP. You can check it out yourself here.
CCP is a profitable company but it looks like it is having some cash flow problems because development costs for Dust and WoD are high. You can read an analysis of their situation here.
They will have to repay a large loan later this year which will require most of their cash assets therefore they'd have to take another loan or sell parts of their company. For that to be feasible though CCP has to show that it's making a profit and apparently they're trying to use MT to make their cash flow problem look less serious.
Which explains pretty much everything that CCP has done, said and hinted at so far.
TL;DR Dust and WoD are burning too much of CCPs cash and therefore they need to at least show that MT can work in EVE so they can get their hands on fresh cash from loans/equity deals.
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Goauld Baal
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Posted - 2011.06.27 19:24:00 -
[2]
In other words some one at CCP left the check book open and out on the table and now they want there player base to make up what there lacking HAHAHAH yeah thats not going to happen
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Boaz Hedion Merkava
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Posted - 2011.06.27 19:25:00 -
[3]
Yeah an interesting read, if you're an accountant.
So, 360.000 subscribers and increasing...
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SciWolf
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Posted - 2011.06.27 19:25:00 -
[4]
Edited by: SciWolf on 27/06/2011 19:26:46 Edited by: SciWolf on 27/06/2011 19:25:31 JUST RAISE THE SUB. THAT IS ALL. OR A DONATE BUTTON FFS. If this works for music albums - it will definately work here! Hell, if you said you need money and made a DONATE button, i'd ****ing give you 20-30$ more every week.
I even don't mind you do BOTH! Raise the sub a little and make a DONATE button.
But instead.... oh... nvm...
And btw you, for now, lost your time and faith.
Originally by: Boaz Hedion Merkava Yeah an interesting read, if you're an accountant.
So, 360.000 subscribers and increasing...
Increasing? I'd never hire you.
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ddogg
Amarr HuzzaH
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Posted - 2011.06.27 19:26:00 -
[5]
Originally by: Yarrrrrhh Edited by: Yarrrrrhh on 27/06/2011 19:22:51 Someone got their hands on the latest annual report of CCP. You can check it out yourself here.
CCP is a profitable company but it looks like it is having some cash flow problems because development costs for Dust and WoD are high. You can read an analysis of their situation here.
The will have to repay a large loan later this year which will require most of their cash assets therefore they'd have to take another loan or sell parts of their company. For that to be feasible though CCP has to show that it's making a profit and apparently they're trying to use MT to make their cash flow problem look less serious.
Which explains pretty much everything that CCP has done, said and hinted at so far.
TL;DR Dust and WoD are burning too much of CCPs cash and therefore they need to at least show that MT can work in EVE so they can get their hands on fresh cash from loans/equity deals.
would be a shame to see the finest mmo ever made burned to finance new projects. ccp should have organised separate revenue streams for long term development, still easy to say in hind site. Hope they get it all sorted and don't have to sellout to one of the big companies to survive.
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Lug Thorne
Caldari School of Applied Knowledge
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Posted - 2011.06.27 19:26:00 -
[6]
So really their short term financial future depends on keeping Eve going?
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Yarrrrrhh
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Posted - 2011.06.27 19:27:00 -
[7]
Originally by: Lug Thorne So really their short term financial future depends on keeping Eve going?
After jeopardizing it with WoD and Dust. That's how it looks to me.
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Surfin's PlunderBunny
Minmatar The Python Cartel. The Defenders of Pen Island
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Posted - 2011.06.27 19:29:00 -
[8]
And to think of how they could have had help digging themselves out of the hole they dug by just coming forward about it
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Xinxua
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Posted - 2011.06.27 19:30:00 -
[9]
Originally by: Yarrrrrhh
Originally by: Lug Thorne So really their short term financial future depends on keeping Eve going?
After jeopardizing it with WoD and Dust. That's how it looks to me.
Yes sticking to one product line and not expanding into new markets is the best way to expand your company.
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Midnight Hope
Minmatar
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Posted - 2011.06.27 19:30:00 -
[10]
Nah, they got that covered with the 52 monocles they already sold.
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Deja Blue
Gallente Vimana Empire
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Posted - 2011.06.27 19:31:00 -
[11]
Edited by: Deja Blue on 27/06/2011 19:35:13 CCP suffers from **** poor management. As in , there is no management, there is no vision, there is no direction. Their employees do not even know what their job is, they have to figure it out by trial and error because they do not even have a proper human resources department. On and on. They think that organizing makes them more corporate and they want to keep the naive you party atmosphere, but they really just frustrate their own workforce.
I am surprised they even have an annual report as it is pretty corporate to show such organization and a report?!
All in all CCP is just a mom and pop shop that made it so far.
BUT, THIS is why it takes them 5 years to make ONE room for us to ambulate in and why they are having financial problems.
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Khamal Jolstien
Caldari Sick Tight BricK sQuAD.
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Posted - 2011.06.27 19:31:00 -
[12]
Originally by: Yarrrrrhh Edited by: Yarrrrrhh on 27/06/2011 19:28:48 Disclaimer: I am not an accountant, I'm just passing on information. Please read with caution and double check things stated here yourself. No guarantee on this being correct at all.
Someone got their hands on the latest annual report of CCP. You can check it out yourself here.
CCP is a profitable company but it looks like it is having some cash flow problems because development costs for Dust and WoD are high. You can read an analysis of their situation here.
They will have to repay a large loan later this year which will require most of their cash assets therefore they'd have to take another loan or sell parts of their company. For that to be feasible though CCP has to show that it's making a profit and apparently they're trying to use MT to make their cash flow problem look less serious.
Which explains pretty much everything that CCP has done, said and hinted at so far.
TL;DR Dust and WoD are burning too much of CCPs cash and therefore they need to at least show that MT can work in EVE so they can get their hands on fresh cash from loans/equity deals.
Simple solution: Cancel DUST and WoT, or outsource/license development to competent studios for these products and become a developer/publisher.
Originally by: McKinlay When you get on the batphone and the only people left in the phone book are Aeternus and BLAST it might be time to hang up.
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Fire Watch
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Posted - 2011.06.27 19:31:00 -
[13]
Its that bad?
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Yarrrrrhh
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Posted - 2011.06.27 19:31:00 -
[14]
Originally by: Xinxua
Originally by: Yarrrrrhh
Originally by: Lug Thorne So really their short term financial future depends on keeping Eve going?
After jeopardizing it with WoD and Dust. That's how it looks to me.
Yes sticking to one product line and not expanding into new markets is the best way to expand your company.
Not sure if serious but: why did they have to start TWO new insanely big development projects at the same time?
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JC Anderson
Caldari Noir. Noir. Mercenary Group
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Posted - 2011.06.27 19:32:00 -
[15]
Edited by: JC Anderson on 27/06/2011 19:32:09 Yeah well, this pretty much puts CCP in the same boat as a good majority of international corporations in this day and age.
And I'm not saying this in support or as a statement against CCP... Just trying to get the point across that it's really not worth speculating on because CCP will never release the details of their financial situation... Well, they are owned privately right? To be honest I have no idea if that's the case or not.
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Tobiaz
Spacerats
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Posted - 2011.06.27 19:33:00 -
[16]
Edited by: Tobiaz on 27/06/2011 19:35:23 I guess there are some very unhappy employees at CCP if stuff like this gets leaked. Or are these things public?
edit: nm it's public
So because CCP wanted to make more games from the money we pay for EVE they are now jeopardizing their most important source of income?
Great job Hilmar!
+ 1500 votes on MT in EVE | NO 79.03% | YES 5.02% | COSMETIC ONLY 11.23% | OTHER 4.73% |
Slymah
Minmatar
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Posted - 2011.06.27 19:33:00 -
[17]
I would support a "donate" button over MT's
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Zeta Kalin
Large Rodent Hunters
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Posted - 2011.06.27 19:34:00 -
[18]
Originally by: JC Anderson Edited by: JC Anderson on 27/06/2011 19:32:09 Yeah well, this pretty much puts CCP in the same boat as a good majority of international corporations in this day and age.
And I'm not saying this in support or as a statement against CCP... Just trying to get the point across that it's really not worth speculating on because CCP will never release the details of their financial situation... Well, they are owned privately right? To be honest I have no idea if that's the case or not.
Hi, they are legally bound to release them, so they did. They are an European company your US background doesn't apply. -- I do have a few expensive suits. However I'm pretty sure none is more expensive than an aircraft carrier.
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Saving Face
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Posted - 2011.06.27 19:35:00 -
[19]
Originally by: Tobiaz I guess there are some very unhappy employees at CCP if stuff like this gets leaked. Or are these things public?
This is actually public information for a change, just not normally widely disseminated.
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Khamal Jolstien
Caldari Sick Tight BricK sQuAD.
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Posted - 2011.06.27 19:37:00 -
[20]
Originally by: Yarrrrrhh
Originally by: Xinxua
Originally by: Yarrrrrhh
Originally by: Lug Thorne So really their short term financial future depends on keeping Eve going?
After jeopardizing it with WoD and Dust. That's how it looks to me.
Yes sticking to one product line and not expanding into new markets is the best way to expand your company.
Not sure if serious but: why did they have to start TWO new insanely big development projects at the same time?
I called this a long time ago. One project during the production phase has an extremely expensive burn rate. Having two, on top of EVE, is an exercise in sheer stupidity. Either someone didn't know what they're doing despite their 10 years of doing this (chuckle), or someone had the hubris to think they could do it better than everyone else in the industry.
Originally by: McKinlay When you get on the batphone and the only people left in the phone book are Aeternus and BLAST it might be time to hang up.
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Titas Agor
TITANS OF PEACE
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Posted - 2011.06.27 19:38:00 -
[21]
WOD has been in development for longer then dust, it was already discussed when CCP joined whitewolf how many years ago? the problem is that they've had to stall on that for so long untill all the work for incarna has been completed so they could finish off the WOD project as the incarna engine was the games core engine for that game, but for dust, they've messed up on making it console exclusive, for which microsoft said a big fat F.U for the downloadable content to keep dust update, patched, keep it compatible to the never ending changes of the eve universe, which in turn made it just exclusive for PS3 only, which is going to sink that game fast, it should have been available on PC also then you most likely wouldn't have had an issue has 50% of eve players more then likely would have got it to be even more involved in the universe. Please re-size your signature to the maximum allowed of 400 x 120 pixels. Zymurgist |
Saving Face
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Posted - 2011.06.27 19:39:00 -
[22]
Originally by: Khamal Jolstien Cancel DUST and WoT, or outsource/license development to competent studios for these products and become a developer/publisher.
No. If they cancel them they have to write them off, remember all the code they wrote is in the balance sheet as capitalized expenses.
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Boaz Hedion Merkava
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Posted - 2011.06.27 19:39:00 -
[23]
Edited by: Boaz Hedion Merkava on 27/06/2011 19:41:24 I support the idea of a higher monthly fee if this would mean that AUR would be removed. Those monocles are fugly as hell anyway. And I'm sure that the site where (ex-)employees talk about CCP will be damage controlled asap.
Edit: you know what... If CCP'd just embrace the community in total and allowing us to help instead of them making odd decisions, CCP would be the best structured, richest gaming company by far, to excel to where no game company has excelled before. (In space.)
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Fire Watch
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Posted - 2011.06.27 19:40:00 -
[24]
Edited by: Fire Watch on 27/06/2011 19:40:36 They have no choice but to release Dust on the PC or cancel it.
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JC Anderson
Caldari Noir. Noir. Mercenary Group
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Posted - 2011.06.27 19:40:00 -
[25]
Edited by: JC Anderson on 27/06/2011 19:42:28
Originally by: Zeta Kalin
Originally by: JC Anderson Edited by: JC Anderson on 27/06/2011 19:32:09 Yeah well, this pretty much puts CCP in the same boat as a good majority of international corporations in this day and age.
And I'm not saying this in support or as a statement against CCP... Just trying to get the point across that it's really not worth speculating on because CCP will never release the details of their financial situation... Well, they are owned privately right? To be honest I have no idea if that's the case or not.
Hi, they are legally bound to release them, so they did. They are an European company your US background doesn't apply.
Hmmm.. Thats actually pretty cool.
Originally by: Boaz Hedion Merkava I support the idea of a higher monthly fee if this would mean that AUR would be removed. Those monocles are fugly as hell anyway. And I'm sure that the site where (ex-)employees talk about CCP will be damage controlled asap.
I'd actually be fine with that too. But lets be honest and face the fact that it's not a solution CCP would choose.
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Tugrath Akers
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Posted - 2011.06.27 19:41:00 -
[26]
Originally by: Titas Agor the incarna engine was the games core engine for that game
Ouch.
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Slighet
Siempre Muerto
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Posted - 2011.06.27 19:44:00 -
[27]
I suspect that it'll only be a timed exclusive to PS3. Unless you're the absolute must have shooter (hi Halo) then lifecycles on console really aren't that long. They're unlikely to be a massive long-term hit. it's possible certainly but it's not the sort of thing you bet your company on. So *assuming* it's not a massive failure I expect to see Dust either on a next-gen console when they arrive, or PC within a couple of years.
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Khamal Jolstien
Caldari Sick Tight BricK sQuAD.
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Posted - 2011.06.27 19:44:00 -
[28]
Originally by: Saving Face
Originally by: Khamal Jolstien Cancel DUST and WoT, or outsource/license development to competent studios for these products and become a developer/publisher.
No. If they cancel them they have to write them off, remember all the code they wrote is in the balance sheet as capitalized expenses.
So? I'm no accounting genius, but if these things are dragging you down, there's always the option to cut your losses and focus on what's working.
Outsourcing/licensing these projects would also work, since the development work isn't wasted, but they don't have to take the full risk on it tanking.
Either way you look at it, a one time loss as the game is canceled and the work is written off is a hell of a lot better than recurring losses on top of a game that they have no experience in making.
Originally by: McKinlay When you get on the batphone and the only people left in the phone book are Aeternus and BLAST it might be time to hang up.
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.06.27 19:46:00 -
[29]
Originally by: Khamal Jolstien One project during the production phase has an extremely expensive burn rate. Having two, on top of EVE, is an exercise in sheer stupidity. Either someone didn't know what they're doing despite their 10 years of doing this (chuckle), or someone had the hubris to think they could do it better than everyone else in the industry.
:cough: ICELAND :cough: _
Make ISK||Build||React||1k papercuts
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Jonathan Malcom
Gallente Test Alliance Please Ignore
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Posted - 2011.06.27 19:46:00 -
[30]
An interesting read. It's nice to have confirmation. I've been floating a theory that describes this exact scenario. :Nostradamus:
Still, though, while I understand the need for additional revenue generation, perhaps improving the features of your existing product to increase player satisfaction and thereby generate more subscriptions via word of mouth (you know, the same formula that made your game a success in the first place) would be a better plan than literally ass-raping your loyal customer base.
Just a thought.
Also, lol @ "our research shows that new features sell better than fixing old content." Does it, now. ___________________
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