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The Gonif
Pator Tech School
Minmatar Republic
0
   |
Posted - 2012.02.22 03:29:00 -
[1] - Quote
http://techcrunch.com/2012/02/21/eve-online-saw-66m-in-revenue-last-year-mulls-ipo/
CCP Games, the makers of the massively multiplayer online role-playing game EVE Online , say the company brought in $66 million in revenue last year.
The game, a science fictional adventure set in a star cluster dominated by five major civilizations, first launched in 2003, and its subscriber base (currently about 400,000) has grown every year since launch. Revenue has been growing too, at a compound annual growth rate of 53 percent, bringing in total revenue of $300 million over the gameGÇÖs lifetime. As for profits, CCP would only say that it has GÇ£very healthy marginsGÇ¥ GÇö a claim backed up by the fact that it has grown to more than 450 employees despite only raising $3 million in seed funding.
This might seem like an illustration that traditional online gaming, overshadowed in the media by casual social games like those from Zynga, can still work as a business model. At the same time, CCPGÇÖs new CMO David Reid says the company has been excited to embrace new models, in addition to the traditional subscriptions offered by EVE.
CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says. Its next game, DUST 451, is scheduled for release this summer, and will go further in this direction, charging players for in-game credits rather than subscriptions or playing time (though there is an initial GÇ£cover chargeGÇ¥).
ThatGÇÖs not the only ambitious thing about DUST. With its first-person shooter gameplay, this is CCPGÇÖs attempt to reach the audience that made franchises like Call of Duty a hit, while also connecting to the EVE universe. Through mechanisms like orbital bombardment, the space-based players in EVE can actually affect the planet-based combat in DUST, and vice versa.
As a result of its plans for DUST, as well as Asian expansion for EVE, CCP says 2012 will be its bigger year yet. In fact, the Icelandic companyGÇÖs CEO Hilmar Veigar Petursson says an IPO is a possibility, though predictably, he wouldnGÇÖt commit to anything.
GÇ£We want to be ready for an IPO from a policy standpoint,GÇ¥ Petursson says. GÇ£WeGÇÖre quite a substantial company, so weGÇÖre thinking, GÇÿOkay, what is the next step?GÇÖGÇ¥
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Herping yourDerp
Federal Navy Academy
Gallente Federation
400
|
Posted - 2012.02.22 03:31:00 -
[2] - Quote
did you, or the article type Dust 514 to 415.... ( i really wish the name was just Dust.)
i'd buy stock in ccp if i could and had moneys. |
Doc Fury
Science and Trade Institute
Caldari State
389
|
Posted - 2012.02.22 03:37:00 -
[3] - Quote
That's a lot of Hookers, Blow and Lutefisk.
But, going public brings with it great responsibility and CCP in my opinion is not ready yet to answer to real shareholders.
The accumulated filth of all their sex and murder will foam up about their waists and all the ho's and politicians will look up and shout 'Save us!' and I'll look down, and whisper 'no.' |
The Gonif
Pator Tech School
Minmatar Republic
0
|
Posted - 2012.02.22 03:38:00 -
[4] - Quote
Actually the article transposed the name to Dust 451. Which, I suppose, is an inadvertent homage to Ray Bradbury. |
Kyoko Sakoda
Veto.
Veto Corp
67
|
Posted - 2012.02.22 03:44:00 -
[5] - Quote
Cue the doom-saying about IPOs creating IPOgate. |
THE L0CK
Republic Military School
Minmatar Republic
6
|
Posted - 2012.02.22 04:07:00 -
[6] - Quote
Kyoko Sakoda wrote:Cue the doom-saying about IPOs creating IPOgate.
Also cue the naysayers who will claim Eve is dying.
Do you smell what the Lock's cooking? |
Akirei Scytale
Test Alliance Please Ignore
894
|
Posted - 2012.02.22 04:11:00 -
[7] - Quote
The Gonif wrote:Actually the article transposed the name to Dust 451. Which, I suppose, is an inadvertent homage to Ray Bradbury.
Dust 451 does just sound classier.
Also, Bradbury was kinda crazy. Fahrenheit isn't about the evils of censorship - according to Bradbury himself, it is actually about the evils of technology.
A vote for Akirei is a vote for Awesome! |
Thorn Galen
Bene Gesserit ChapterHouse
Sanctuary Pact
393
|
Posted - 2012.02.22 04:31:00 -
[8] - Quote
CCP going IPO. Interesting but I hope not - not yet anyways. Shareholders have a way of changing the way a company works and maintains/sells its products and services. NEX would be upon us despite any protestations and golden ammo and "I Win" buttons would be for those able and willing to pay real $$$. Yes at that point in time, Eve would "die"
CCP + IPO = dangerous liaisons.
The universe is an ancient desert, a vast wasteland with only occasional habitable planets as oases. We Fremen, comfortable with deserts, shall now venture into another. - STILGAR, From the Sietch to the Stars. |
Nova Fox
Novafox Shipyards
3237
|
Posted - 2012.02.22 04:35:00 -
[9] - Quote
CCP please maintain majory stock...
Companies like EA would destroy this company and game if given the chance.
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Jhagiti Tyran
Muppet Ninja's
Ninja Unicorns with Huge Horns
226
|
Posted - 2012.02.22 04:54:00 -
[10] - Quote
Thorn Galen wrote:CCP going IPO. Interesting but I hope not - not yet anyways. Shareholders have a way of changing the way a company works and maintains/sells its products and services. NEX would be upon us despite any protestations and golden ammo and "I Win" buttons would be for those able and willing to pay real $$$. Yes at that point in time, Eve would "die"
CCP + IPO = dangerous liaisons.
CCP already have enough shareholders that can throw their weight around if they chose to. |
Vaal Erit
Science and Trade Institute
Caldari State
7
|
Posted - 2012.02.22 05:32:00 -
[11] - Quote
Nova Fox wrote:CCP please maintain majory stock...
Companies like EA would destroy this company and game if given the chance.
Lol, I don't think you understand how finances work. If CCP kept all the CCP stock then they would raise no cash. I don't think EA could do any worse than completely ignoring EVE development for at least 18 months, I wish we had EA service for those 18 months.
I'd have to dig up the financial statements but I remember reading that the main founders of CCP don't own >50% of CCP stock. My data is years old but the two main private shareholders of EVE are investment companies and control over a bit over 50% of stock. So you guys should not be preparing to freak out, you should already be in full blown panic mode because the devs of CCP don't own all the majority of stock in CCP atm.
Also, $66m revenue equates to 366,666 people paying $15/month for an entire year. I think quite a few people pay under $15 and CCP does get income from royalties from the Chinese server so 366,666 is somewhat inaccurate. But somewhere in the 300-400k subs/month range sounds right.
CCPs growth is impressive with a massive upside potential if DUST 514 takes off. Worst case scenario is that CCP keeps the same level of subs and still makes a ton of cash.
Oh wait disregard the above, EVE is dying. |
NaturalBeast
Pator Tech School
Minmatar Republic
24
|
Posted - 2012.02.22 06:01:00 -
[12] - Quote
Interesting possibility. I really hope that doesn't happen. The "real" bean counters will effectively make this game about the bottom line.
First sign of in game items in a cash shop and this game is dead to me. I love this game for what it is but I fear this possibility is real. Iceland is in real trouble and every company is in survival mode right now. We need a billionaire gamer to make sure this doesn't happen.
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Cyzlaki
Interstellar eXodus
BricK sQuAD.
243
|
Posted - 2012.02.22 06:11:00 -
[13] - Quote
Sounds good to me! |
Donald MacRury
LankTech
Multitaskers.
7
|
Posted - 2012.02.22 06:26:00 -
[14] - Quote
Wouldn t it be interesting if they had the IPO and the shares were bought up by the players |
DeBingJos
T.R.I.A.D
198
|
Posted - 2012.02.22 07:38:00 -
[15] - Quote
Herping yourDerp wrote:
i'd buy stock in ccp if i could and had moneys.
That is why you don't have moneys...
Fix FW ! |
mechtech
Ice Liberation Army
135
|
Posted - 2012.02.22 07:54:00 -
[16] - Quote
Vaal Erit wrote:
I don't think EA could do any worse than completely ignoring EVE development for at least 18 months, I wish we had EA service for those 18 months..
Oh, how wrong you are 
EA would do more harm in 18 days than the 18 month development freeze caused.
I hope Eve doesn't go public in any form. I want Eve and CCP to be stable for decades, and if they're exposed to outside market influences this vision could be disturbed. CCP has proven they've been able to handily avoid outside events even as Iceland was practically collapsing around them during the financial crisis. Well credit tightening probably led to the recent layoffs, but that didn't really affect the core employees or IP (eve), |
Gantz Tleilax
Tleilax Foundation
44
|
Posted - 2012.02.22 08:09:00 -
[17] - Quote
The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play?
|
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Chribba
Otherworld Enterprises
Otherworld Empire
2599
|
Posted - 2012.02.22 08:09:00 -
[18] - Quote
I want to know more about the Asian expansion...
Also <3 CCP keep up the awesome work! So proud to have been with you since the early days \o/
/c
|
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Florestan Bronstein
United Highsec Front
The 99 Percent
415
|
Posted - 2012.02.22 08:21:00 -
[19] - Quote
Gantz Tleilax wrote:The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play?
PLEX
40k accounts is actually surprisingly low. |
Endeavour Starfleet
650
|
Posted - 2012.02.22 08:25:00 -
[20] - Quote
No way in hell CCP is going with an IPO.
They were in trouble with Incarna yet with crucible they have fully restored their name. There would be no real effective way for them to hold control over a board which will want to crush its style to be the next facebook game.
Facebook went with an IPO because it has grown so much that it virtually HAS to due to the huge amount of regulation and other factors it now faces. EVE is nowhere near that point.
The next step needs to be focusing on getting the fixes and new content requested for years into EVE. Then doing a rehire and starting serious work on World of Darkness.
Donald MacRury wrote:Wouldn t it be interesting if they had the IPO and the shares were bought up by the players
Lets first state that this is virtually impossible. You would be instantly overpowered by buys from the group efforts that seek to control boards. And who likely arent really gamers themselves but are looking for the next Farmville.
So lets explore some nightmare scenarios.
It's been shown in the past that some VERY rich people play EVE. And were shoveling money into GTC sales that shifted balance of power so much that for a time it looked like one alliance might have been able to "win" EVE.
They would control EVE if the groups didn't do a buy. Even if they could not command a majority of the shares they would command so many that a dump would cause shockwaves. Therefore they could call the shots. |
W1rlW1nd
The Scope
Gallente Federation
41
|
Posted - 2012.02.22 08:29:00 -
[21] - Quote
Gantz Tleilax wrote:The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play?
"Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market.
"Other" player buys Plex in game with fake money, and uses the Plex to extend subscription.
Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game.
|
Tiberius Amzadee
The Omega Sovereign Flux Initiative
7
|
Posted - 2012.02.22 08:37:00 -
[22] - Quote
"Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market.
"Other" player buys Plex in game with fake money, and uses the Plex to extend subscription.
Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game.
...and they say the rich are not generous. Yay PLEX buyers! |
Sturmwolke
136
|
Posted - 2012.02.22 08:37:00 -
[23] - Quote
An IPO for CCP?
It's like eating only doughnut and pizza for the rest of your life. It's delicious and you can't stop yourself from gorging down all those feel good foods. Before long, you become a sloth and saddled with various acute and chronic illnesses that you fix by popping expensive pills. You will either die young or be extremely debilitated with ilness when old, that you might as well as not live.
Best example, IKEA has been wildly sucessful without IPO and has been able to maintain their roots.
Grow sustainably ... even if it takes 100 years.
|
Endeavour Starfleet
650
|
Posted - 2012.02.22 08:39:00 -
[24] - Quote
I really wish folks would stop calling PLEX free to play.
There is very few players with the means to reliably beat US Minimum wage in the time it takes to add one month of game time.
You are working for the gametime. It is virtual currency but it is still an exchange. |
Ciar Meara
Virtus Vindice
529
|
Posted - 2012.02.22 08:42:00 -
[25] - Quote
Chribba wrote:I want to know more about the Asian expansion...
Also <3 CCP keep up the awesome work! So proud to have been with you since the early days \o/
/c
I think they mean the partnership with the korean based, Nexon for local support and play?
In other news, I'd buy a few shares of CCP, just to show there are no hard feelings and justify wearing a monocle.
-
[img]http://go-dl1.eve-files.com/media/corp/janus/ceosig.jpg[/img]
[yellow]English only please. Zymurgist[/yellow] |
Written Word
Dreddit
Test Alliance Please Ignore
212
|
Posted - 2012.02.22 09:06:00 -
[26] - Quote
You generally start an IPO to raise capital to start a massive project
That means the CCP IPO would be the best thing ever for the Twilight Online and the worst for EVE Online. If they actually got one, it would pretty much put CCP back in the mindest of the Incarna expansion, where EVE is the legacy product they are bored of and the Twilight game is the sparkly road to bags of money
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Sasha Azala
Blood and Decay
48
|
Posted - 2012.02.22 09:41:00 -
[27] - Quote
More coffee needed... |
Florestan Bronstein
United Highsec Front
The 99 Percent
415
|
Posted - 2012.02.22 09:53:00 -
[28] - Quote
Written Word wrote:You generally start an IPO to raise capital to start a massive project
or if your current investors want to cash out :psiduck:
Quote:There's about 50k accounts online at it's peak during the week and not all active accounts would be online even then.
they're talking about people running their accounts on PLEX not about total subscribers.. |
Ptraci
StoneWall Metals Productions
Bloodbound.
335
|
Posted - 2012.02.22 10:52:00 -
[29] - Quote
Donald MacRury wrote:Wouldn t it be interesting if they had the IPO and the shares were bought up by the players
Yeah, I wonder what the goons would do with their majority position.
Still, I hope not. IPO means that EVE would stop existing to make a fun game and start existing to boost quarterly revenue, improve share performance, and fun? What do you mean fun? That's irrelevant. |
Valentyn3
42
|
Posted - 2012.02.22 11:01:00 -
[30] - Quote
Ptraci wrote:Donald MacRury wrote:Wouldn t it be interesting if they had the IPO and the shares were bought up by the players Yeah, I wonder what the goons would do with their majority position. Still, I hope not. IPO means that EVE would stop existing to make a fun game and start existing to boost quarterly revenue, improve share performance, and fun? What do you mean fun? That's irrelevant.
It would be no different than any other game company that is run by bean counters. Games that people enjoy make the most money. Eve wouldn't stop being "fun" altogether, it would just get tweaked to a malformed visage that was designed to appeal to the lowest common denominator.
So in other words, we would get glowing shoulder pads and mounts for our ships.
I used to be a Blade Runner like you, then I took an android to the knee... |
Tippia
Sunshine and Lollipops
5011
|
Posted - 2012.02.22 11:08:00 -
[31] - Quote
UghGǪ a horde of VCs and investors demanding they open the game up for Gǣthe larger audienceGǥ so they can earn more money. No thanks. 
GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥
If not, contact Miss DSA to shed your wardecs. |
Ceptia Cyna
Federal Navy Academy
Gallente Federation
2
|
Posted - 2012.02.22 11:19:00 -
[32] - Quote
Tippia wrote:UghGǪ a horde of VCs and investors demanding they open the game up for Gǣthe larger audienceGǥ so they can earn more money. No thanks.
Why? What is your Problem here? |
DeBingJos
T.R.I.A.D
199
|
Posted - 2012.02.22 11:24:00 -
[33] - Quote
Ceptia Cyna wrote:Tippia wrote:UghGǪ a horde of VCs and investors demanding they open the game up for Gǣthe larger audienceGǥ so they can earn more money. No thanks. Why? What is your Problem here?
You don't play a lot of games, do you?
Fix FW ! |
Tippia
Sunshine and Lollipops
5014
|
Posted - 2012.02.22 11:26:00 -
[34] - Quote
Ceptia Cyna wrote:Why? What is your Problem here? I quote: GÇ£investors demanding they open the game up for GÇÿthe larger audienceGÇÖGÇ¥.
GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥
If not, contact Miss DSA to shed your wardecs. |
Alain Kinsella
96
|
Posted - 2012.02.22 11:30:00 -
[35] - Quote
Tippia wrote:Ceptia Cyna wrote:Why? What is your Problem here? I quote: GÇ£investors demanding they open the game up for GÇÿthe larger audienceGÇÖGÇ¥.
Yep, that.
I continue to be optimistic, but the moment I see aspects of Travian's Gold system appear, I'll start to look elsewhere.
I may have come here from Myst Online, but that does not make me any less bloodthirsty than the average Eve player.
Just more subtle.
|
Ceptia Cyna
Federal Navy Academy
Gallente Federation
2
|
Posted - 2012.02.22 11:51:00 -
[36] - Quote
Tippia wrote:Ceptia Cyna wrote:Why? What is your Problem here? I quote: GÇ£investors demanding they open the game up for GÇÿthe larger audienceGÇÖGÇ¥.
Ok, so what? No problem.
Valentyn3 wrote:[...]So in other words, we would get glowing shoulder pads and mounts for our ships.
More like an "Engine Trail Cosmetic Slot" and a "Ship Hull Paint Slot". |
Professor Alphane
Alphane Research Co-operative
294
|
Posted - 2012.02.22 12:54:00 -
[37] - Quote
Failed Economics 101 so don't fully understand what an IPO is, can anyone enlighten me.
Also I seem to remeber soemone saying by Icelandic law CCP records must be made public, do I misremember this , if not has anyone ever looked into it further.
YOU MUST THINK FIRST.... |
Professor Alphane
Alphane Research Co-operative
294
|
Posted - 2012.02.22 12:57:00 -
[38] - Quote
Endeavour Starfleet wrote:
It's been shown in the past that some VERY rich people play EVE. And were shoveling money into GTC sales that shifted balance of power so much that for a time it looked like one alliance might have been able to "win" EVE.
.
I'm kinda new, must have missed that one, could you elaborate for me?
Feel free to PM if you think openly disscusing a sensetive subject may be unwise
YOU MUST THINK FIRST.... |
Razin
The xDEATHx Squadron
Legion of xXDEATHXx
243
|
Posted - 2012.02.22 13:04:00 -
[39] - Quote
Jhagiti Tyran wrote:Thorn Galen wrote:CCP going IPO. Interesting but I hope not - not yet anyways. Shareholders have a way of changing the way a company works and maintains/sells its products and services. NEX would be upon us despite any protestations and golden ammo and "I Win" buttons would be for those able and willing to pay real $$$. Yes at that point in time, Eve would "die"
CCP + IPO = dangerous liaisons. CCP already have enough shareholders that can throw their weight around if they chose to.
And this possible IPO may be just that. |
Adunh Slavy
Ammatar Trade Syndicate
316
|
Posted - 2012.02.22 13:14:00 -
[40] - Quote
Professor Alphane wrote:Failed Economics 101 so don't fully understand what an IPO is, can anyone enlighten me.
It's not Econ, it's finance. Finance 101 would have covered it.
It's a sale of stock and the first sale, "initial public offering", IPO. CCP sells the shares directly or to an "underwriter". The money they raise from the stock sale is then used to run the business. |
Professor Alphane
Alphane Research Co-operative
294
|
Posted - 2012.02.22 13:26:00 -
[41] - Quote
Adunh Slavy wrote:Professor Alphane wrote:Failed Economics 101 so don't fully understand what an IPO is, can anyone enlighten me.
It's not Econ, it's finance. Finance 101 would have covered it. It's a sale of stock and the first sale, "initial public offering", IPO. CCP sells the shares directly or to an "underwriter". The money they raise from the stock sale is then used to run the business.
So there isn't stock now and there will be....
or
there is stock but they wnat to make more because they believe there company is undervalued?
YOU MUST THINK FIRST.... |
Ursula LeGuinn
139
|
Posted - 2012.02.22 13:34:00 -
[42] - Quote
Professor Alphane wrote:So there isn't stock now and there will be....
There are shares GÇö but they're owned by private investors. Not just anyone can buy into a privately-held company, because the option simply isn't available to the general public.
An IPO means shares will be made available for purchase by the general public.
As for the why of it, an IPO would probably mean more capital for CCP to work with. At the same time, it means less control over who owns shares in the company, and a greater number of shareholders wanting to see their investments grow.
"The EVE forums are intended to provide a warm, friendly atmosphere for the EVE community."-áGÇö-áEVElopedia |
Darrow Hill
Vodka and Vice
42
|
Posted - 2012.02.22 13:38:00 -
[43] - Quote
Professor Alphane wrote:So there isn't stock now and there will be....
or
there is stock but they wnat to make more because they believe there company is undervalued?
There is "stock" now; privately held, not available on an open market, and not easily sold.
An IPO, typically, offer "common" shares with ownership and voting rights in some form or another.
IPO's have nothing to do with "valuation". It's a fundraising alternative to debt (or, in the case of many companies such as Facebook, Groupon, etc., it offers the current owners / venture capitalists a chance to cash out of their initial investment).
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Darrow Hill
Vodka and Vice
42
|
Posted - 2012.02.22 13:47:00 -
[44] - Quote
Ursula LeGuinn wrote:As for the why of it, an IPO would probably mean more capital for CCP to work with. At the same time, it means less control over who owns shares in the company, and a greater number of shareholders wanting to see their investments grow.
Lets make this as blunt as possible.
66 million in revenue is peanuts.
It really is.
EvE, in itself, is profitable and self sustaining. However EvE is not CCP's only project. If you ever took a look at CCP's basic financials from 2010, it's plainly obvious that the only way CCP can continue to develop Dust 514 and WoD is by using external financing.
They need cash.
|
Vertisce Soritenshi
Varion Galactic
Tragedy.
1094
|
Posted - 2012.02.22 13:55:00 -
[45] - Quote
Darrow Hill wrote:Ursula LeGuinn wrote:As for the why of it, an IPO would probably mean more capital for CCP to work with. At the same time, it means less control over who owns shares in the company, and a greater number of shareholders wanting to see their investments grow. Lets make this as blunt as possible. 66 million in revenue is peanuts. It really is. EvE, in itself, is profitable and self sustaining. However EvE is not CCP's only project. If you ever took a look at CCP's basic financials from 2010, it's plainly obvious that the only way CCP can continue to develop Dust 514 and WoD is by using external financing. They need cash.
You don't know this for a fact. Either way, whatever CCP decideds to do financially I hope it has a positive outcome for EvE and DUST.
EvE is not about PvP.-á EvE is about the SANDBOX! - CCP!-á Open the door!!! |
Professor Alphane
Alphane Research Co-operative
294
|
Posted - 2012.02.22 14:03:00 -
[46] - Quote
So would this open CCP to a hostile takeover ?
YOU MUST THINK FIRST.... |
Darrow Hill
Vodka and Vice
42
|
Posted - 2012.02.22 14:03:00 -
[47] - Quote
Vertisce Soritenshi wrote:You don't know this for a fact. Either way, whatever CCP decideds to do financially I hope it has a positive outcome for EvE and DUST.
It's all on the cash flow statement.
With luck, we won't have to wait until July to see the results for 2011.
|
Doc Severide
Caldari Provisions
Caldari State
35
|
Posted - 2012.02.22 14:10:00 -
[48] - Quote
W1rlW1nd wrote:Gantz Tleilax wrote:The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play? "Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market. "Other" player buys Plex in game with fake money, and uses the Plex to extend subscription. Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game.
Yep for all the people I helped to play for free, you are very welcome. Bought $4K in GTC's over the last 3 years.... I get Grind Free ISK, others who can't otherwise afford to play, get to play. Everyone wins...
Oh and for those who say "You could have spent that on other things", well I certainly did that too... |
Joe Skellington
Scientific Nano Technologies Institute
Jokers Wild.
41
|
Posted - 2012.02.22 14:24:00 -
[49] - Quote
Nova Fox wrote:CCP please maintain majory stock...
Companies like EA would destroy this company and game if given the chance.
I can see Bobby Kotick licking his liver stained lips anticipating the possibility to destroy another MMO.
-á-á |\__/|-á
-á/ @ @ \ -á-á
-á( > -¦ < )-á
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Henry Haphorn
Aliastra
Gallente Federation
195
|
Posted - 2012.02.22 14:36:00 -
[50] - Quote
Currently, I'm taking macroeconomics in college.
From what I understand, the purpose of a company handing out shares to multiple investors is to limit control of any one investor over the company. So, even if the Goons and the DRF were to compete for control of the majority of the those shares, none will have majority control when the general public becomes involved (too many shareholders to compete with).
Also, if you ask any of the shareholders how they view their position/relationship with the publicly-traded company, they will most likely tell you they don't feel like they got control of the company; therefore, they feel more like investors rather than owners.
Now, I'm not so sure if this is still legal or not, but back in the days there use to be plenty of American companies that incorporated what economists would refer to as a "poison pill policy" when it comes to shareholders. The poison pill policy comes in many forms, but one common form of it was to dilute the value of the shares by pumping new shares into the public as soon as one shareholder even tries to own a certain percentage of available shares. This is meant to discourage any one shareholder from having too much control of the company.
The Board of Directors and the Council of Stellar Management
If CCP Games does decide to file an IPO in the foreseeable future, how will this affect the CSM once a BoD is put together? I worry that with this combination, CCP could face a dilemma that is threefold:
- Chief Executive Officer wanting to use the revenue to improve the company (ie: new equipment, more employees, etc.).
- Chairman of the Board of Directors wanting to use the revenue towards satisfying the shareholders.
- Chairman of the Council of Stellar Management wanting Eve Online to be iterated on or expanded on meant towards satisfying the players who directly elected them.
This could become corporate schizophrenia if CCP files an IPO.
***CSM Interstellar Debate - Mining Profession***
***CSM Interstellar Debate - Combat PvP*** |
Eugene Spencer
Rodents of Unusual Size
84
|
Posted - 2012.02.22 14:38:00 -
[51] - Quote
I wonder if we, as EVE players, could start a trust where we donate money and the trust buys shares. Perhaps the trust would be managed by the CSM. That would give the CMS a lot more sway, considering it would be a shareholder...
However, I dunno enough about these things to say if that was a ridiculously stupid idea or not.
I have a specific comb for my beard. |
Lexmana
Imperial Stout
223
|
Posted - 2012.02.22 15:00:00 -
[52] - Quote
I don't want CCP to go IPO more than anyone else. In fact, I fear it for all the reasons stated by posters before me.
But that doesn't change the fact that they will. They want to grow and they want to develop more games. It is proven by their actions in the past and nothing suggest they have changed their minds. Going IPO will give them the cash to expand without taking up big loans like they have done in the past. Going IPO will reduce the risk of having to lay off staff in the future.
After Crucible CCP has restored faith in their business which increase the likelihood of an imminent IPO.
|
Henry Haphorn
Aliastra
Gallente Federation
195
|
Posted - 2012.02.22 15:06:00 -
[53] - Quote
Eugene Spencer wrote:I wonder if we, as EVE players, could start a trust where we donate money and the trust buys shares. Perhaps the trust would be managed by the CSM. That would give the CMS a lot more sway, considering it would be a shareholder...
However, I dunno enough about these things to say if that was a ridiculously stupid idea or not.
Several problems with that idea:
1. Who is going to oversee the funds and how do we know we can trust that person?
2. Even if a member of the CSM is assigned to handle it, can we trust that person?
3. Are there mechanisms in place to prevent fraudulent handling of said funds?
4. Will control of the purchased shares be transferred over to the new members of the CSM every year?
5. Do regulations of the market even allow a company to force the owner (or handler) to fork over the shares to his/her replacement?
***CSM Interstellar Debate - Mining Profession***
***CSM Interstellar Debate - Combat PvP*** |
Professor Alphane
Alphane Research Co-operative
294
|
Posted - 2012.02.22 15:20:00 -
[54] - Quote
Doc Severide wrote:W1rlW1nd wrote:Gantz Tleilax wrote:The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play? "Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market. "Other" player buys Plex in game with fake money, and uses the Plex to extend subscription. Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game. Yep for all the people I helped to play for free, you are very welcome. Bought $4K in GTC's over the last 3 years.... I get Grind Free ISK, others who can't otherwise afford to play, get to play. Everyone wins...Oh and for those who say "You could have spent that on other things", well I certainly did that too...
I don't really understand how 3rd party GTC transactions work, I know there are sites that sell them, but how do they aquire them and whats in it for them?
YOU MUST THINK FIRST.... |
Jhagiti Tyran
Muppet Ninja's
Ninja Unicorns with Huge Horns
227
|
Posted - 2012.02.22 15:33:00 -
[55] - Quote
Razin wrote:Jhagiti Tyran wrote:Thorn Galen wrote:CCP going IPO. Interesting but I hope not - not yet anyways. Shareholders have a way of changing the way a company works and maintains/sells its products and services. NEX would be upon us despite any protestations and golden ammo and "I Win" buttons would be for those able and willing to pay real $$$. Yes at that point in time, Eve would "die"
CCP + IPO = dangerous liaisons. CCP already have enough shareholders that can throw their weight around if they chose to. And this possible IPO may be just that.
Good point, either the current investors are unwilling to spend any more or they want to increase the value of what they already own. |
Eugene Spencer
Rodents of Unusual Size
84
|
Posted - 2012.02.22 15:36:00 -
[56] - Quote
Quote:1. Who is going to oversee the funds and how do we know we can trust that person?
From my experience of Trusts (I was a chairman of a not for profit trust), you must write a constitution setting out the intentions and rules of the trust. In that constitution, you would say something like "the shares and any profits belong to the trust, not the individual members of the trust". So you set out all the rules of what happens. You could have the trust separate from the CSM but with a rule like "the CSM must use the trust for influence".
Quote:2. Even if a member of the CSM is assigned to handle it, can we trust that person?
Perhaps it could be done voluntarily by someone with appropriate experience within the community. Accounts could be audited independently to ensure it's all above board. Or the trust could just pay for a professional to manage it. Just thinking out loud on this one!
Quote:3. Are there mechanisms in place to prevent fraudulent handling of said funds?
Yeah - the law. Different countries have different laws and you'd set the trust up in the country with the most suitable laws for the trust.
Quote:4. Will control of the purchased shares be transferred over to the new members of the CSM every year?
5. Do regulations of the market even allow a company to force the owner (or handler) to fork over the shares to his/her replacement?
No, as above, the shares belong to the Trust, not the CSM. Nothing would need to be transferred.
I have a specific comb for my beard. |
The Snowman
Aliastra
Gallente Federation
28
|
Posted - 2012.02.22 15:36:00 -
[57] - Quote
I'm not sure this will be a good investment, to be quite honest.
Apart from the eve link, which I dont think console players will really understand, I cant see why dust would even be that successful.
it will land, it will be buggy and laggy, the next Modern warfare will release or battle field and players will move on. They dont stick with one game.
And they certainly wont pay -ú80.00 for a monacle. |
0oO0oOoOo0o
Caldari State
11
|
Posted - 2012.02.22 15:42:00 -
[58] - Quote
Kewl !
If i buy a couple of shares, i want more attention to my proposal in the ideas forum by ccp !! |
Florestan Bronstein
United Highsec Front
The 99 Percent
415
|
Posted - 2012.02.22 15:43:00 -
[59] - Quote
Henry Haphorn wrote:The Board of Directors and the Council of Stellar ManagementIf CCP Games does decide to file an IPO in the foreseeable future, how will this affect the CSM once a BoD is put together? I worry that with this combination, CCP could face a dilemma that is threefold:
- Chief Executive Officer wanting to use the revenue to improve the company (ie: new equipment, more employees, etc.).
- Chairman of the Board of Directors wanting to use the revenue towards satisfying the shareholders.
- Chairman of the Council of Stellar Management wanting Eve Online to be iterated on or expanded on meant towards satisfying the players who directly elected them.
This could become corporate schizophrenia if CCP files an IPO.
current CCP BoD is:
Vilhj+ílmur +Porsteinsson (chairman) - Meson Holding S.A.
David Fialkow - Teno Investments S.+ü.R.L
Birgir M+ír Ragnarsson - NP ehf, Novator ehf.
Sigur+¦ur +ôlafsson - ex- CCP marketing manager, now working for Novator Partners LLP
Steve Wieck - White Wolf co-founder
Hilmar Veigar P+¬tursson - CCP CEO
4 of 6 BoD seats are already in the hand of investors and a VC, that ratio would probably not change substantially post-IPO. |
Nova Fox
Novafox Shipyards
3248
|
Posted - 2012.02.22 15:46:00 -
[60] - Quote
Gantz Tleilax wrote:The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play?
Somone who originally wrote the article doesnt understand PLEX.
|
Nova Fox
Novafox Shipyards
3248
|
Posted - 2012.02.22 15:53:00 -
[61] - Quote
66$ Million is peanuts in the entertainmnet business you have video games now who's budgets rival movies. MW3 although I cant seem to find the source now was about 50$ million in prodcution o-O, and 150m more in advertising.
|
Darrow Hill
Vodka and Vice
42
|
Posted - 2012.02.22 15:54:00 -
[62] - Quote
Florestan Bronstein wrote:4 of 6 BoD seats are already in the hand of investors and a VC, that ratio would probably not change substantially post-IPO.
The VC's will likely exit.
VC's are very rarely in the game for the long term. The private equity groups I have worked with in the past have all had 5 year return horizons (get in, grow, get out).
The reality is, once you bring in VC / Private Equity, you have fairly limited options for their exit.
- Shop for a new VC / PEquity partner
- Leveraged buyout by management
- IPO
|
tikktokk tokkzikk
Glorious Revolution
The 99 Percent
25
|
Posted - 2012.02.22 15:58:00 -
[63] - Quote
There was an issue with parsing this post's BBCode |
Ptraci
StoneWall Metals Productions
Bloodbound.
335
|
Posted - 2012.02.22 17:23:00 -
[64] - Quote
I wouldn't be too worried about it anyway - I'd like CCP to show me growth. Where is the growth? Yeah ok there's a dedicated subscriber base. OK, people who are subbed more than 6 months stay subbed forever. Gotcha. Now where is the growth? Ah, no growth? So how exactly am I going to make money on that stock? And how many million subscri - what do you mean thousands? Oh yeah ok thank you no thanks. |
rodyas
Tie Fighters Inc
439
|
Posted - 2012.02.22 17:40:00 -
[65] - Quote
Growth is hard, I wouldn't know when to expect it. But CCP is hoping for growth. Hilmar and new CFO I think did an interview for ten ton hammer, and said they hoped to tap into the playstation network with DUST. Then from that lots of new pilots would join EVE. That was the growth they were going for.
disorientating |
Doc Severide
Caldari Provisions
Caldari State
35
|
Posted - 2012.02.22 20:04:00 -
[66] - Quote
Professor Alphane wrote:Doc Severide wrote:W1rlW1nd wrote:Gantz Tleilax wrote:The Gonif wrote:
This might seem like an illustration that traditional CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says.
Can someone explain what this means? Rich subscribers paying others to play? "Rich" player pays real money for own subscription, and plex. "Rich" player puts Plex on game market. "Other" player buys Plex in game with fake money, and uses the Plex to extend subscription. Thus, "Rich" player has paid real money for someone else to play, in exchange for fake money to throw around in-game. Yep for all the people I helped to play for free, you are very welcome. Bought $4K in GTC's over the last 3 years.... I get Grind Free ISK, others who can't otherwise afford to play, get to play. Everyone wins...Oh and for those who say "You could have spent that on other things", well I certainly did that too... I don't really understand how 3rd party GTC transactions work, I know there are sites that sell them, but how do they aquire them and whats in it for them?
I buy my GTC's only from the CCP website. I know some others sell them though, can't imagine what's in it for them.
|
Liang Nuren
Heretic Army
Heretic Nation
858
|
Posted - 2012.02.22 21:17:00 -
[67] - Quote
Darrow Hill wrote:Ursula LeGuinn wrote:As for the why of it, an IPO would probably mean more capital for CCP to work with. At the same time, it means less control over who owns shares in the company, and a greater number of shareholders wanting to see their investments grow. Lets make this as blunt as possible. 66 million in revenue is peanuts. It really is. EvE, in itself, is profitable and self sustaining. However EvE is not CCP's only project. If you ever took a look at CCP's basic financials from 2010, it's plainly obvious that the only way CCP can continue to develop Dust 514 and WoD is by using external financing. They need cash.
Yeah, its about right. The thing that worries me most is the possibility (likelihood?) of Dust 514 failing and the capitalized costs of WOD with all its devs layed off/repurposed. I really wish we'd heard about this in a dev blog first... they could spin it way better.
For now, I have fun in Eve. If it goes IPO and the investors kill my game... well I'll find a new one. Or maybe make one, who knows?
-Liang
Ed: I'm a programmer, not a market analyst/financial expert. I'm sure Eve and CCP are fine financially. Well, mostly sure.
Normally on 5:00 -> 9-10:00 Eve (Aus TZ?)
Blog: http://liangnuren.wordpress.com
PVP Videos: http://vimeo.com/user9887127
Twitter: http://twitter.com/LiangNuren
|
Austin Kincaid
Aliastra
Gallente Federation
0
|
Posted - 2012.02.22 21:28:00 -
[68] - Quote
Doc Severide wrote:
I buy my GTC's only from the CCP website. I know some others sell them though, can't imagine what's in it for them.
If you buy a GTC through another site such as Battleclinic, they get a referral fee so it helps them with their web hosting costs |
Mara Rinn
Cosmic Industrial Complex
Cosmic Consortium
969
|
Posted - 2012.02.22 21:33:00 -
[69] - Quote
Liang Nuren wrote:Yeah, its about right. The thing that worries me most is the possibility (likelihood?) of Dust 514 failing and the capitalized costs of WOD with all its devs layed off/repurposed. I really wish we'd heard about this in a dev blog first... they could spin it way better.
For now, I have fun in Eve. If it goes IPO and the investors kill my game... well I'll find a new one. Or maybe make one, who knows?
The thing that disturbs me the most is that the people with the money to buy the shares (Bobby Kotik) aren't the people I want being responsible for the direction of this game. If the IPO was managed such that players were offered a first bite at the IPO cherry, it might be more reasonable. But then some players would want the shares to make profits, and sell them to the highest bidder (Kotik and co).
Most people I know who have share portfolios don't know jack about the industries they're investing in.
|
Hauling Hal
The Black Ops
50
|
Posted - 2012.02.22 21:36:00 -
[70] - Quote
mechtech wrote:Vaal Erit wrote:
I don't think EA could do any worse than completely ignoring EVE development for at least 18 months, I wish we had EA service for those 18 months..
Oh, how wrong you are EA would do more harm in 18 days than the 18 month development freeze caused. I hope Eve doesn't go public in any form. I want Eve and CCP to be stable for decades, and if they're exposed to outside market influences this vision could be disturbed. CCP has proven they've been able to handily avoid outside events even as Iceland was practically collapsing around them during the financial crisis. Well credit tightening probably led to the recent layoffs, but that didn't really affect the core employees or IP (eve),
Agreed totally. If EA took control of CCP, you could bet that micro transactions would be in faster than you could say 'please use lube'.
RIP DAOC, courtesy of EA
/edit Actually, EA would close down the Iceland arm and move all of Eve's development to what's left of Bioware, their arm that now runs all the MMOs they've bought out. |
HELIC0N ONE
GoonWaffe
Goonswarm Federation
164
|
Posted - 2012.02.22 22:20:00 -
[71] - Quote
Looking forward to 'Shares for PLEX' |
Tavin Aikisen
Revenent Defence Corperation
Ishuk-Raata Enforcement Directive
4
|
Posted - 2012.02.22 23:41:00 -
[72] - Quote
Contemplating IPO?
CCP, I think you've already reached your quota for "stupid executive decisions" for this financial year... be serious.
Remember this. Trust your eyes, you will kill each other. Trust your veins, you can all go home.
-Cold Wind |
Headerman
Quovis
Shadow of xXDEATHXx
649
|
Posted - 2012.02.22 23:56:00 -
[73] - Quote
A guy i know makes that kinda money annually and all he does is supply water trucks to various mines so they can water the roads to keep the dust down.
Not as fun as EVE.
The Apostle : I want a kangeroo
Captain Kirk : Silly Austrians
Sarmatiko : Let me guess: you're from US?
Captain Kirk : Yeah Riverside IA - why? |
Finde learth
Republic Military School
Minmatar Republic
4
|
Posted - 2012.02.22 23:59:00 -
[74] - Quote
IF ccp IPO, i think i won't subs any more. |
Finde learth
Republic Military School
Minmatar Republic
4
|
Posted - 2012.02.23 01:40:00 -
[75] - Quote
Chribba wrote:I want to know more about the Asian expansion...
Also <3 CCP keep up the awesome work! So proud to have been with you since the early days \o/
/c
http://www.tudou.com/programs/view/lIOwGGvl6e8/?resourceId=0_06_02_99?fr=1 |
Vaerah Vahrokha
Vahrokh Consulting
304
|
Posted - 2012.02.23 01:51:00 -
[76] - Quote
Vaal Erit wrote:Nova Fox wrote:CCP please maintain majory stock...
Companies like EA would destroy this company and game if given the chance. Lol, I don't think you understand how finances work. If CCP kept all the CCP stock then they would raise no cash. I don't think EA could do any worse than completely ignoring EVE development for at least 18 months, I wish we had EA service for those 18 months.
I have extensive experience with EA.
Everything they do is atrocious, nasty and "pry that last dollar from their dead hands" oriented.
Their support is an huge farce, their software maintenance a joke, their facilities a puke.
I WILL unsub the microsecond EA even thinks to put their filthy hands on CCP.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Herzog Wolfhammer
Sigma Special Tactics Group
1262
|
Posted - 2012.02.23 01:55:00 -
[77] - Quote
Doc Fury wrote:That's a lot of Hookers, Blow and Lutefisk.
But, going public brings with it great responsibility and CCP in my opinion is not ready yet to answer to real shareholders.
Shareholders will kill CCP.
Once you let that gaggle in, and their marketers, lawyers, and other assorted yuppies start having a say, it's over.
Some people might like the idea of seeing the people running CCP getting fired perhaps. But there are WORSE. And I can imagine that same pool of "talent" to run CCP being drawn from the same video game greats who took other MMOs and destroyed them outright by making them suitable for American MMO players .The marketers will act like only Americans play MMOs and being money-grubbing rent-seeking Pieces of Sh!t, they will target a specific audience. Get a few of those empty heads in there thinking "well, (snark snark snivel), single moms play MMOs and they should all be playable semi-AFK because their kids might distract them. A successful MMO is " (here is what makes me want to go postal around marketers when they say this) "that's where the money is".
Yes, I hate marketers.Shareholders put trust in them. If CCP goes public, I won't be buying any stock but will instead being expecting this to finally become "WOW in Spaaaace".
|
Endeavour Starfleet
651
|
Posted - 2012.02.23 02:10:00 -
[78] - Quote
Guys CCP is not going with an IPO. That is crazy.
If they need money that badly they will spin off the Atlanta office as a new company and IPO that for WoD. But I highly doubt they are in THAT need of money to lose control of their IP.
They know DAMN well that people wont invest time into EVE when the likes of the Investors for say EA can yank atleast some control of the IP. It also puts CCP which has traditionally been a stable buisness into the hands of the stock market.
You want CCP to have to fire employees because the stock is down due to oil price panic selling? New content based on good stock numbers and oil prices? |
Obsidian Hawk
RONA Corporation
RONA Directorate
764
|
Posted - 2012.02.23 04:21:00 -
[79] - Quote
IPO? ummmmm.
No, other game companies woudl go out and buy it all then destroy ccp and auction it off just to kill any competition.
CCP NEVER EVER go public. keep it privately owned.
personally, if you needed extra funds and could explain what you wanted to do in detail. I would go for a 2 dollar subscription increase. |
Ai Shun
303
|
Posted - 2012.02.23 04:37:00 -
[80] - Quote
Endeavour Starfleet wrote:It's been shown in the past that some VERY rich people play EVE. And were shoveling money into GTC sales that shifted balance of power so much that for a time it looked like one alliance might have been able to "win" EVE.
Wouldn't it be beautiful if The Mittani and the Goons managed to purchase most of the stock? I could only imagine what would happen on the forums then. Oh go on guys, you know you want to cause an avalanche of shiptoasting! Go on!
Glad to see that CCP isn't dying and that EVE is still very much alive though. <3 CCP
|
Camios
Minmatar Bread Corporation
63
|
Posted - 2012.02.23 12:37:00 -
[81] - Quote
This might potentially be catastrophic for EVE, but in what would it be different from now? |
Vihura
Vihura Cor
6
|
Posted - 2012.02.23 16:14:00 -
[82] - Quote
IPO = end of EVE (For me anyway and I will be free!!!! EVE is only game I play) |
Lord Wiggin
Phantom Squad
Nulli Secunda
24
|
Posted - 2012.02.26 20:50:00 -
[83] - Quote
The Gonif wrote:http://techcrunch.com/2012/02/21/eve-online-saw-66m-in-revenue-last-year-mulls-ipo/
CCP Games, the makers of the massively multiplayer online role-playing game EVE Online , say the company brought in $66 million in revenue last year.
The game, a science fictional adventure set in a star cluster dominated by five major civilizations, first launched in 2003, and its subscriber base (currently about 400,000) has grown every year since launch. Revenue has been growing too, at a compound annual growth rate of 53 percent, bringing in total revenue of $300 million over the gameGÇÖs lifetime. As for profits, CCP would only say that it has GÇ£very healthy marginsGÇ¥ GÇö a claim backed up by the fact that it has grown to more than 450 employees despite only raising $3 million in seed funding.
This might seem like an illustration that traditional online gaming, overshadowed in the media by casual social games like those from Zynga, can still work as a business model. At the same time, CCPGÇÖs new CMO David Reid says the company has been excited to embrace new models, in addition to the traditional subscriptions offered by EVE.
CCP has already been experimenting with free-to-play in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency GÇö something that has been used by 40,000 people, the company says. Its next game, DUST 451, is scheduled for release this summer, and will go further in this direction, charging players for in-game credits rather than subscriptions or playing time (though there is an initial GÇ£cover chargeGÇ¥).
ThatGÇÖs not the only ambitious thing about DUST. With its first-person shooter gameplay, this is CCPGÇÖs attempt to reach the audience that made franchises like Call of Duty a hit, while also connecting to the EVE universe. Through mechanisms like orbital bombardment, the space-based players in EVE can actually affect the planet-based combat in DUST, and vice versa.
As a result of its plans for DUST, as well as Asian expansion for EVE, CCP says 2012 will be its bigger year yet. In fact, the Icelandic companyGÇÖs CEO Hilmar Veigar Petursson says an IPO is a possibility, though predictably, he wouldnGÇÖt commit to anything.
GÇ£We want to be ready for an IPO from a policy standpoint,GÇ¥ Petursson says. GÇ£WeGÇÖre quite a substantial company, so weGÇÖre thinking, GÇÿOkay, what is the next step?GÇÖGÇ¥
So what is your point OP? That CCP can "Claim" whatever they want, but unless they open the books it's all rumor and supposition. Did you bother to read that article? It ignores the huge recent mis-step and really does not tell you crap about the health of the game or the company. They laid off 20% of their employees, that makes it pretty easy to "Increase Revenue"
It's laughable that you take a press release and believe every word written. Where are the Facts?
"$66 million in revenue" Gross income really does not reflect the health of a company.
"currently about 400,000" A guess is not a fact.
"very healthy margins" Not really a fact....
" grown to more than 450 employees " Left out the fact they laid off 20% last year.
"At the same time, CCPGÇÖs new CMO David Reid says the company has been excited to embrace new models, in addition to the traditional subscriptions offered by EVE."
Sounds like Nex ftw to me, isn't that one of the issues that drove so many people away?
Are you Republican? 
Not saying that they are either doing well or badly, but to buy into a PR as if you had just been handed the books is, well naive..... |
SkiD-MaRk
DEAD-ON
16
|
Posted - 2012.02.26 21:53:00 -
[84] - Quote
If EVE goes public, we will get a item shop and dance emotes for our characters.
NO thanks, will hit the unsub buttom right fast. |
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