With its stock prices way down and headlines screaming doom and gloom, one could be forgiven for assuming that the end is nigh for Polish game developer CD Projekt Red (and its parent company CD Projekt).
But while Q1 sales of its tentpole release Cyberpunk 2077 seem to be doing anything but keeping up the "tent", the company itself is quite a fair distance from going under.
Why? Well, to understand that, it's time to read some financial reports and corporate messaging.
Reports of CDPR's death have been greatly exaggerated, but not…in Virtual Legality.
#CDPR #Cyberpunk2077 #CDProjekt
Discussed in this episode:
"CD Projekt, CDPR, and Cyberpunk 2077: We Have a Reputation to Burn"
YouTube Playlist - Hoeg Law
"Cyberpunk maker reports slump in quarterly profit amid Playstation delisting"
Reuters - May 31, 2021
"CD Projekt profits take a hit as Cyberpunk 2077 remains delisted on PlayStation"
Gamasutra - June 1, 2021
"CD Projekt's Q1 2021 Net Profits Are Down 65% In Part Due to Fixing Cyberpunk 2077"
IGN - May 31, 2021
"...Suffice to say no update on unit sales for Cyberpunk 2077 is the most telling part..."
Tweet - May 31, 2021 - Dom
CD PROJEKT Group Q1 2021 Earnings Report
May 31, 2021
Condensed Interim Financial Statements - CD Projekt Group
"Let's clear up a couple things on [CDPR] financials."
Tweet - May 31, 2021 - Game Over Thirty
"CD PROJEKT summarizes the beginning of 2021"
CD Projekt Media Website - May 31, 2021
"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
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