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Ryuu96 on 28 December 2023
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Kristof81 said:

Look no further than Cyberpunk 2077. Announced in 2012, disastrous release in 2020, out of beta in 2022, playable as advertised in 2023.
Did it help to build the hype and inflate their share price? Yes. Did it ruin their reputation and our trust (possibly forever)? Also yes.

Long story short, announcing games which are the far away from release, rarely is a good news for end users. In fact, it does nothing for the customer and it's deliberately created to satisfy short to midterm shareholders' goals.

BTW, CDPR shares still haven't recovered and they've been on 2017/2018 level for 3 years now, but if were an investor before 2021, you could make even 400% on the CP2077 hype and I bet this was the place where the push for the release came from.

Those things had little to do with when it was announced (or not at all). Announced in 2012 but despite that still had massive hype in its release year, the reason it was a disastrous release is because the game was a broken mess which has no relation to when a videogame project is announced but project management. The game also sold amazing still in the first year of release, Lol.

I'd also strongly disagree with the end part of your first sentence that it has ruined their reputation and trust with gamers and I played it on launch, Lol. Gamers forget things so easily, you only need to look at 2023 (and 2022) to see that, CDPR is practically already completely forgiven, Cyberpunk is selling great in 2023 and people are raving about it and CDPR. The hype is back for Witcher 4 and Cyberpunk sequel.

I'd argue a market valuation of $11bn was overvaluing CDPR even if Cyberpunk turned out perfect anyway, at one point they were considered to be worth more than Ubisoft, Lol. But also have to consider their market valuation peaking that high happened during COVID which caused a boost to most videogame companies valuation.

They announced Cyberpunk in 2012 and it had trailers in 2013, 2018 and 2019 but it was CDPR who decided to announce its release for 2020 which also helped soar their valuation, they should have not announced a 2020 date but having said that, I personally think their current valuation is more reasonable than their $11bn valuation, especially since they release only one major game every 5+ years.

I've always argued that CDPR was massively overvalued

Last edited by Ryuu96 - on 28 December 2023