Industry News June 6, 2023 CD Projekt to buy back up to $119 million of its own shares to reduce its share capital CD Projekt has announced a new program, under which the company will be free to buy back its own shares. On top of that, a portion of last year’s net profit will be used to pay dividends to shareholders.
Industry News May 31, 2023 CD Projekt to lay off about 30 remaining GWENT devs during 2023 as resources and roles “naturally decline” CD Projekt has been reducing the size of the GWENT team for a while now. It looks like the remaining employees will be laid off before the end of 2023, when the game enters the so-called GWENTfinity phase (in other words, the end of content support).
Industry News May 30, 2023 CD Projekt’s Q1 report: net profit grows, The Witcher 3 passes 50M mark, research expenses on new games gradually rise CD Projekt has released its financial report for the first quarter ended March 31. The company announced a decline in revenue (but an increase in profit), while also sharing the updated sales figures for The Witcher 3 and providing more context about its development pipeline.
Industry News May 15, 2023 The Molasses Flood hit with layoffs shortly after CD Projekt rebooted The Witcher multiplayer spin-off Project Sirius Several The Molasses Flood employees have said they were laid off from the studio. This comes right after CD Projekt announced the successful reboot of Project Sirius, a multiplayer Witcher title developed by its Boston subsidiary.
Industry News April 5, 2023 Cyberpunk 2077 quest director on cut content: “If something is unused, this is done for a reason” Every game goes through a feature cut, and Cyberpunk 2077 is no exception. One of the game’s key developers has tried to explain why it is game designers’ responsibility to get rid of some content that doesn’t meet the overall level of quality.
Industry News March 31, 2023 Cyberpunk 2077 generated about $116 million in 2022, over 50% of CD Projekt’s annual revenue CD Projekt has released its financial report for the full year ended December 31, 2022. Thanks to strong sales of Cyberpunk 2077, the company recorded its second-best year in terms of both revenue and net profit.
Industry News March 29, 2023 Former Witcher game director Jason Slama leaves CD Projekt to work on NFT game Gotchi Guardians Many have been wondering what happened to CD Projekt RED veteran Jason Slama after he was first appointed as the game director of the next Witcher project. It turns out that he is now working on a new NFT title at Pixelcraft Studios.
Industry News March 21, 2023 CD Projekt writes off nearly $10 million spent on new Witcher game from The Molasses Flood CD Projekt has reevaluated the scope of its upcoming multiplayer project in The Witcher series developed by The Molasses Flood. The company will come up with a new framework for the game and its concept.
Industry News February 27, 2023 Forbes names Techland CEO Paweł Marchewka Poland’s richest game businessman. CD Projekt execs out of top 10 Poland is home to some of the world’s most recognized game developers and publishers. So what is the net worth of Techland, CD Projekt, and Playway executives?
Industry News January 23, 2023 Cyberpunk 2077 quest director Paweł Sasko on game’s non-linearity: “Players expected more because of the fact how The Witcher 3 is built” Cyberpunk 2077 gained a second wind two years after launch, thanks to a slew of bug fixes and the popularity of the Edgerunners anime series. However, there are still debate about the level on non-linearity of the game.
Industry News January 13, 2023 CD Projekt once again tops Ubisoft in market cap amid Assassin’s Creed publisher’s troubles Some new shifts are taking place in the European video game market. Amid Ubisoft’s latest struggles, CD Projekt has managed to surpass the Assassin’s Creed publisher by market capitalization. Again.
Industry News December 6, 2022 CD Projekt to shut down The Witcher: Monster Slayer in 2023, merger with Spokko on the way CD Projekt has announced the discontinuation of its AR game The Witcher: Monster Slayer. It will be completely closed next year, as it no longer fits into the company’s updated business strategy.
Industry News December 5, 2022 CD Projekt to end content support of GWENT after 2023: “Gwentfinity” or more like imminent oblivion? CD Projekt has outlined its plans for GWENT and opened up about the project’s future, which doesn’t look bright at all. The company will stop making new content for its CCG after 2023. But does it mean the game will soon die?
Industry News December 1, 2022 Member of CD Projekt’s board of directors sells 50,000 shares for almost $1.5 million Michał Nowakowski, senior VP of business development at CD Projekt, has sold a portion of his stake in the company. Overall, he sold 50,000 shares.
Industry News November 29, 2022 CD Projekt reports record Q3: profit up over 500% on strong Cyberpunk 2077 sales CD Projekt has released a financial report for the three months ended September 30. It was a record Q3 in the company’s history, all thanks to the success of Cyberpunk 2077. The company also updated information on its upcoming games.
Industry News November 3, 2022 Cyberpunk 2077 animation lead Sebastian Kalemba becomes game director of new Witcher trilogy The new Witcher saga now has a game director — Sebastian Kalemba. Here is what to know about the CD Projekt veteran who contributed to creating animation for Cyberpunk 2077 and The Witcher 3.
Industry News October 26, 2022 Fool’s Theory has its roots in CD Projekt: who is the studio behind The Witcher remake CD Projekt has announced the remake of the first Witcher game, as the trend to reimagine popular franchises continues. The project is being built with Unreal Engine 5 by Polish studio Fool’s Theory.
Industry News October 19, 2022 Cyberpunk 2077 attracts 1 million active daily players for four consecutive weeks Cyberpunk 2077 is experiencing a renaissance of sorts, showing its best performance since its 2020 launch. The game continues to retain 1 million active players every day for the fourth week in a row.
Industry News October 10, 2022 CD Projekt shares surge 30% in past 30 days, returning to spring levels CD Projekt stock surged following the announcement of an updated strategy. Overall, the company’s share price has risen by almost a third in the last 30 days.
Industry News October 5, 2022 CD Projekt’s updated strategy: 7 new games in pipeline, flywheel approach, more mobile titles, and new US office CD Projekt has shared new details about its updated strategy. The company several games in its pipeline, including a brand new IP. It also plans to expand its brands into new mediums and partner with third-party teams.