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Cryptic North American Profits fall by 50%

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  • reverseandereverseande Member Posts: 80 Arc User
    edited March 2015
    Every time I see a thread like this one, the following thought always occurs to me:

    What would happen if Cryptic admitted to these folks, "Yup. You're correct! You got us! That's for sure. Okay, then. Hey, Fred? Go shut down the server farm. All of it. No. Don't leave the forum parts running. Turn it all off. We're done here."

    ROFL omg that is brilliant :D

    thanks sir for lols :D
  • gonaliusgonalius Member Posts: 893 Arc User
    edited March 2015
    dpsloss88 wrote: »
    http://www.gamepolitics.com/2014/11/26/north-american-operations-lower-perfect-world-entertainment-profits#.VRC4tfnF_2H

    All they had to do was repeat what they did with LOR, but no they had to get greedy.

    Except that the report is dated November 26th, which means it was likely generated at the same time as Delta Rising was released - Which means that its release would not have significantly changed anything either way.

    In fact, it points a smidgeon of evidence at STO not working financially all that well under pre-DR conditions.
  • thetaninethetanine Member Posts: 1,367 Arc User
    edited March 2015
    dpsloss88 wrote: »
    http://www.gamepolitics.com/2014/11/26/north-american-operations-lower-perfect-world-entertainment-profits#.VRC4tfnF_2H

    All they had to do was repeat what they did with LOR, but no they had to get greedy.

    This is VERY OLD news. From: November 26, 2014 - GamePolitics Staff

    As per the article itself at the header.
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  • evilmark444evilmark444 Member Posts: 6,950 Arc User
    edited March 2015
    Considering what happened two weeks ago, I suspect the bulk of the problem was with Neverwinter. It has a smaller IP market than Trek, and I personally never tried it because I did not like its F2P model ... I can't remember what it was, but when it launched and I was looking into it there was something that just instantly made me say "nope!"
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  • ragingloliragingloli Member Posts: 63 Arc User
    edited March 2015
    Considering what happened two weeks ago, I suspect the bulk of the problem was with Neverwinter. It has a smaller IP market than Trek, and I personally never tried it because I did not like its F2P model ... I can't remember what it was, but when it launched and I was looking into it there was something that just instantly made me say "nope!"

    actually NW is better in that regard, because you can farm its version of Dilithium using its gateway, and convert that into zen. easily 1000zen in 1 or 2 weeks with 4+ characters.
  • thecosmic1thecosmic1 Member Posts: 9,365 Arc User
    edited March 2015
    So to summarize, 3rd Quarter of 2014 profits were down for PWRD - though they still made profit; and for those who are unaware, profit is the money after all expenses. And, of course, we knew all of this months ago when the Profit Statement was publicly posted to their website.

    Of course 4th Quarter and year-end 2014 statements are coming out in about a week and 1st Quarter of 2015 is about to come to a close as well - though we will not see those profit statements until the end of June, 2015.

    PWRD is a large company. They have 14 games out right now that we can choose to play. Half of those games could be failing, or less, or more then half. PWRD does not only own STO and everything which happens to PWRD does not only reflect STO's involvement.

    And on top of all of this, Cryptic's senior shareholder is planning on buying back all it's shares and taking the corporation private. At that point we will never see another financial statement. From a business standpoint I would also point out that PWRD over-spending and making less profit is incentive for shareholders to sell and get what they can out of their stock.
    STO is about my Liberated Borg Federation Captain with his Breen 1st Officer, Jem'Hadar Tactical Officer, Liberated Borg Engineering Officer, Android Ops Officer, Photonic Science Officer, Gorn Science Officer, and Reman Medical Officer jumping into their Jem'Hadar Carrier and flying off to do missions for the new Romulan Empire. But for some players allowing a T5 Connie to be used breaks the canon in the game.
  • khan5000khan5000 Member Posts: 3,008 Arc User
    edited March 2015
    Every time I see a thread like this one, the following thought always occurs to me:

    What would happen if Cryptic admitted to these folks, "Yup. You're correct! You got us! That's for sure. Okay, then. Hey, Fred? Go shut down the server farm. All of it. No. Don't leave the forum parts running. Turn it all off. We're done here."

    A lot of posters would lose their minds without having something to hate unconditionally all the time.
    Your pain runs deep.
    Let us explore it... together. Each man hides a secret pain. It must be exposed and reckoned with. It must be dragged from the darkness and forced into the light. Share your pain. Share your pain with me... and gain strength from the sharing.
  • johnstewardjohnsteward Member Posts: 1,073 Arc User
    edited March 2015
    thecosmic1 wrote: »

    (snip)

    And on top of all of this, Cryptic's senior shareholder is planning on buying back all it's shares and taking the corporation private. At that point we will never see another financial statement. From a business standpoint I would also point out that PWRD over-spending and making less profit is incentive for shareholders to sell and get what they can out of their stock.

    Source for that?
  • bobs1111bobs1111 Member Posts: 471 Arc User
    edited March 2015
    Source for that?

    http://www.reuters.com/article/2015/01/02/perfect-world-deals-offer-idUSL3N0UH1BE20150102

    It hasn't been hidden. His offer is $20 a share... which considering it was as low as 12 or so when he made the offer is pretty fair.

    https://ca.finance.yahoo.com/q?s=PWRD

    As you can see the stock got a little bit of a rebound when the offer was made.

    Shanda also has a private offer in the work.. in fact Perfect world was part of a consortium that offered 1.9B to buy Shanda late last year. Perfect world and some of the other investing firms backed out before it went though.

    Giant went private last year in a 3B dollar deal.

    There has been a move for Chinese based companies to go back to private ownership. Both Giant and Shanda are larger then PWE... most analysts assume the moves are the first step in a larger scheme that will have all the larger Chinese game companies listed on the Shanghai Stock Exchange.
  • sheldonlcoopersheldonlcooper Member Posts: 4,042 Arc User
    edited March 2015
    Is the turkey and stuffing almost ready?
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  • darkjeffdarkjeff Member Posts: 2,590 Arc User
    edited March 2015
    Considering what happened two weeks ago, I suspect the bulk of the problem was with Neverwinter. It has a smaller IP market than Trek, and I personally never tried it because I did not like its F2P model ... I can't remember what it was, but when it launched and I was looking into it there was something that just instantly made me say "nope!"

    I played Neverwinter. The economy was ridiculous.

    Gold is worthless aside from buying Injury Kits.

    The Market and anything actually useful uses Astral Diamonds, which is analogous to STO's Dilithium.

    Except the refining cap is 50k, so unless you were one of the hosers grinding for hours, you're never going to hit the cap. If you don't hit the cap, you don't keep up with inflation. Your purchasing power on the Market keeps shrinking at an alarming rate. (This is why I want to kick the people who want to raise the Dilithium refinement cap right in the balls with steel-toed rocket boots. They're practically like politicians in their short-sighted selfish ignorance.)

    Now, it's supposedly the same cash shop model as STO, where people buy stuff with Zen and can sell it. Except, as stated, the Market uses AD. So you can directly buy AD with Zen, or buy items and sell for AD.

    Which means you're basically running in place, and only the hardcore hosers will be able to actually buy Cash Shop items without actually spending Zen.
  • czertik123czertik123 Member Posts: 1,122 Arc User
    edited March 2015
    dpsloss88 wrote: »
    http://www.gamepolitics.com/2014/11/26/north-american-operations-lower-perfect-world-entertainment-profits#.VRC4tfnF_2H

    All they had to do was repeat what they did with LOR, but no they had to get greedy.

    that sto isnt mentioned at all is showing something.
  • iconiansiconians Member Posts: 6,987 Arc User
    edited March 2015
    I'm willing to bet most people who make these threads have never invested in the stock market, let alone familiarized themselves with how economics work.

    I guess when your financial expertise consists of knowing the security code to your parent's credit card, you're able to interpret business news in any way that supports your own emotional logic regarding a video game.
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  • coupaholiccoupaholic Member Posts: 2,188 Arc User
    edited March 2015
    That explains why it sounds familiar.

    What is PWE doing wasting so much talent? Those guys constitute a sizable core of the original Diablo/D2 developers. They only left Blizzard when Blizzard shot down D3 being an MMO.

    It's possibly one of the greatest concentrations of developer talent out there atm.

    It's what they do. Remember Bullfrog Productions? Maxis? Westwood Studios?

    It seems to be the inevitable fate of innovative studios.
    iconians wrote: »
    I'm willing to bet most people who make these threads have never invested in the stock market, let alone familiarized themselves with how economics work.

    I guess when your financial expertise consists of knowing the security code to your parent's credit card, you're able to interpret business news in any way that supports your own emotional logic regarding a video game.

    30 minutes browsing wikipedia pages seems to equal real knowledge these days.
  • dpsloss88dpsloss88 Member Posts: 765 Arc User
    edited March 2015
    iconians wrote: »
    I'm willing to bet most people who make these threads have never invested in the stock market, let alone familiarized themselves with how economics work.

    I guess when your financial expertise consists of knowing the security code to your parent's credit card, you're able to interpret business news in any way that supports your own emotional logic regarding a video game.

    I wish that was me. I lost $40k in the 2001 crash and another $100k in the next crash, then another $150k in the 2007 Real Estate crash....
  • bluegeekbluegeek Member Posts: 0 Arc User
    edited March 2015
    Okay, aside from the whole doom thread aspect, posting a five-month old article isn't exactly hot news nor is it especially on topic. This forum is for discussions about playing the game, not about financial reports.
    My views may not represent those of Cryptic Studios or Perfect World Entertainment. You can file a "forums and website" support ticket here
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