Daily Archives: February 22, 2012

CCP Makes $66 Million in 2011, Talks IPO, and Hires David Reid

CCP announced that 2011 revenues for the company were $66 million, up from $59 million in 2010, and that the player base for EVE Online stands at more than 400,000 subscriptions, an increase from the “nearly 360,000” reported in their 2010 financial statement.

2011 was quite a year for CCP, with the double whammy of the Incarna expansion features disappointing a large segment of the player base and the realization that they were over-reaching their financial abilities juggling EVE Online while developing both Dust514 and a World of Darkness MMO.

The former ignited in-game protests and a confrontation with the CSM that lead to a refocus of development and eventually to the much heralded Crucible expansion this past fall, while the later lead to layoffs and putting World of Darkness MMO on the back burner.

A tough year and quite a bounce back from a precarious state.

I was a little bemused to see that their new chief marketing officer was David Reid (now officially @CCP_Pokethulhu.) formerly of NCsoft and Trion Worlds and famous in my mind for the “Tabula Rasa is Triple-A and Here to Stay” interview, given just before they announced the game was going to close.  That interview and other weasel words that have come out of his mouth in the past tends to taint anything he says in my mind.  That is my bias however, and may be unfair.

But when he says things like, “the company has been excited to embrace new models, in addition to the traditional subscriptions offered by EVE,” I start to wonder which side of his mouth he is speaking from at any given moment.  Did he not get briefed on the whole Incarna, Noble Exchange, gold ammo rumor fiasco?  Did he think he was just speaking to investors and that EVE players might not read his statement?

Granted, he is not saying that EVE specifically will be embracing new models… well, except in China I gather… but would you think after the summer of protest the company as a whole might be more circumspect on the subject.  Again, he might just be saying what he thinks potential investors want to hear, since Free to Play and items stores are still hot stuff and the CCP CEO is talking bring the company public with an IPO.

The IPO thing is a bit a jolt as well.  Coming from Silicon Valley and having been through the IPO thing a couple of times, you only go public for two reasons.

You either need a cash infusion to finance an expansion of the company and the new projects that come with it or the founders/investors want to cash out. (Or, in the US, if you have more than 500 stock holders or people are transferring enough of it around that the SEC makes you go public.)

Now, given that they had to cut back on staff in 2011 and put the World of Darkness MMO on hold, this could be a play to expand operations so that the company can afford to do three things at once.

Or this could be a large investor who wants to get their money out of the company.

I suppose we shall have to wait and see.

Anyway, at least bankruptcy seems to be off the table.  Now to see how 2012 progresses and if we will get an answer to one of my 12 questions for 2012.

In Branch and Tenal the War Goes On

Under normal circumstances, I wouldn’t order you all to your deaths against a supercap blob. However, TEST cancelled a special B0RT birthday op or something in order to come on this strat op, so I’ve ordered the FCs to get you all killed. By the time you get this broadcast, most of you will be dead, but failing that you should probably get into one of the fleets. We’re going to need a ton of Scimitars, Drakes, etc. If the initial engagement goes our way we’ll be pumping an endless stream of bodies on top of the hostile supers, so get ready!

-Inspirational Jabber Message from The Mittani

That was the coms invite to get us to turn out for the battle at 0P9Z-I.

Not unique for our coms.

And the battle at 0P9z-I was an epic one.  A couple of thousand players were involved over the course of the battle.  Ships of all sizes.  Time dilation down to 10% of real time.  It was huge.

The Battle at 0P9Z-I

And the battle did not go our way.  Raiden and its allies held the field at the end of the battle, while the CFC withdrew, their tech moon station destroyed and with losses exceeding that of the enemy.  It was declared a clear victory for Raiden by some.

And yet…

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