All publications by tag «CD Projekt Red»
Analysts recommend selling CD Projekt shares, lowering target price to 2017 levels
CD Projekt has been struggling to recover from Cyberpunk 2077’s botched launch. Analysts have once again lowered their recommendations on the company’s share price, taking into account the Polish developer’s latest actions.
CD Projekt shares drop to lowest level since January 2019 following latest financial results
CD Projekt shares have dropped to the lowest level in over three years soon after the Cyberpunk 2077 developer released its new financial report. Analysts also reduced their expectations for the company’s revenue.
CD Projekt insists The Witcher 3 next-gen upgrade not in development hell, needs “bit of investigation”
Following the news about taking the development of The Witcher 3 next-gen upgrade in-house, CD Projekt has calmed down its investors. The company assured that the project is currently not in “development hell.”
5 game studios that switched to Unreal Engine for flexibility and new hiring opportunities
In the wake of CD Projekt RED’s announcement to use UE5 for a new Witcher game, we’ve rounded up a few other studios that have switched to Unreal Engine. Epic’s framework provides devs with more opportunities and better documentation, and, importantly, it also makes hiring new people a lot easier.
GTA V and Horizon won’t stop CD Projekt from launching Cyberpunk 2077’s next-gen version in Q1, analysts think
The next-gen version of Cyberpunk 2077 is expected to launch in the first quarter of 2022, despite several delays. Industry analysts also believe that CD Projekt will keep its word, even looking at the busy schedule of other major AAA releases.
CD Projekt finally settles $1.85 million class-action lawsuit, refusing to admit any wrongdoing
CD Projekt has announced that it came to an agreement with investors to settle a class-action lawsuit over Cyberpunk 2077’s controversial launch. It also means that the company doesn’t admit any responsibility on its part.
CD Projekt to pay investors less than $2 million in class-action settlement
CD Projekt has managed to finally settle a class-action lawsuit over Cyberpunk 2077‘s controversial launch. The company will pay investors only $1.85 million, while they will relinquish all claims against the Polish developer.
Analysts expect Cyberpunk 2077 to sell less than 4 million copies in 2021
It’s been a year since the release of Cyberpunk 2077. Due to a lot of issues and scandals, CD Projekt shares dropped by 54% over the last 12 months. On top of that, the game’s sales are far from the initially optimistic forecasts.
CD Projekt to restructure GOG team in wake of $2.2 million losses, focusing on its DRM-free philosophy
CD Projekt has shared its plans for GOG’s future in the wake of the store’s net losses. The company wants to restructure a division, moving some of its employees to the game development team. GOG’s concept will also go back to the roots, focusing on offering DRM-free games.
Cyberpunk 2077 sees 540% boost in YouTube views, while game’s total sales remain undisclosed
Players have definitely warmed up to Cyberpunk 2077 in the wake of the latest discounts. The game came back to the lists of best-selling titles on PC, and its views on YouTube jumped by 540% over the last week. CD Projekt itself, however, still doesn’t disclose the Cyberpunk 2077 sales.
CD Projekt CEO believes Cyberpunk 2077 “will sell for years” as studio doesn’t plan to stop improving it
CD Projekt still has a lot of faith in Cyberpunk 2077 and has no plans to stop its support and improvement. The company’s CEO Adam Kiciński has explained why he thinks the game will have a long tail of sales just like The Witcher series.
CD Projekt on creating nonlinear gameplay elements in Cyberpunk 2077: “It was a f**king hell”
CD Projekt RED developers have discussed the process of creating nonlinear gameplay in Cyberpunk 2077. They explained why variability is not always great for a huge game like this, as the team had to spend too much resources on small elements.