Somebody Thinks MMOs Still Have Value – CCP Raises 20 Million in New Funding, Talks IPO Again August 10, 2012Posted by Wilhelm Arcturus in entertainment, EVE Online.
Tags: CCP, Dust 514, Trolling Tobold
With Star Wars: The Old Republic pretty much failing to meet expectations all around, there has been a lot of talk about the death of many things: Monthly subscription MMOs, big budget MMOs, and well… MMOs in general.
Aside from a burst of asylum level crazy talk about SWTOR somehow claiming as many as 10 million monthly users once it goes free… which I am going to guess is what they will need to make it profitable in that mode… to whatever, the news seems to be grim.
Then there is CCP, which seems to be bucking the trend… as usual.
It still has a the subscription model going. And while it has eyed the cash shop idea longingly at times, it really hasn’t gone very far in that direction, barring some useless cosmetic items.
And they continue to buck the trend by getting $20 million in new funding in these dark days, according to Tech Crunch.
Of course, this should not really be news. CCP was talking about more funding and an IPO back in February when they announced that they had not only defied some dire predictions about going bankrupt, but actually made a handy profit for 2011. This despite the whole Incarna thing.
What will a publicly traded CCP mean? Is that even a good thing?
I couldn’t tell you. Then again, I live in Silicon Valley where IPO generally means “screw the company, I’m cashing out!” so I sometimes have a dim view of the whole process despite having “cashed out” at least once myself.
But somebody out there thinks there is value to be found in MMOs.