From the Report:
"In view of U.S. subsidiary's recent performance and near-term business outlook that are below our expectations, we recognized acquisition-related impairments in this quarter. However, we are still confident in the long-term prospects of our U.S. subsidiary given its strong R&D and operational capabilities as well as promising pipeline. With our extensive overseas network that covers more than 100 countries and regions around the world, we remain committed to further expanding our overseas penetration and bolstering our global presence."
The gaming site 'Massively' also reported:
Perfect World declined to comment on the performance of Neverwinter's Q3 console launch. It did note that it is localizing the fantasy MMO for China, where the company has seen its concurrent user numbers drop from 778,000 to 623,000 inside of a year.
It makes one wonder just how successful STO and NeverWinter (the two main U.S. 'Holdings' have actually been of late, So, as the Chinese managers of perfect World continue to direct PWE to take their U.S. games further in the direction of the 'Asian Grinder' paradigm; their concurrent player numbers drop and their profit decreases...
What will Perfect World management take away from this turn of events in their U.S. subsidiaries run by PWE? Will PWE/Cryptic renew the STO IP rights with CBS when the current licensing term ends?
Formerly known as Armsman
from June 2008 to June 20, 2012PWE ARC Drone
says: "Your STO forum community as you have known it is ended...Display names are irrelevant...Any further sense of community is irrelevant...Resistance is futile...You will be assimilated..."