Tabula Rasa "A financial disaster", downsizing Austin studio

[Plukh]

I originally found this link on PlanetTR, just wanted to share it here:

http://www.koreatimes.co.kr/www/news...123_19134.html

Can't say I didn't see it coming.

[Plukh]

And response from Critters came soon enough:

Please take any Korea Times articles about NCsoft with a grain of salt. Unfortunately, their writer has been responsible for several inflammatory articles containing sloppy reporting and erroneous content in the past year. They are by no means an "official" source of information.

[gryeyes]

Originally Posted by Plukh

And response from Critters came soon enough:

HAHAHA oh please did the writter make up NCsoft stock plummeting? Directly quoting the lead financial advisor of NSsoft? Everyone with half a brain could see this coming a mile away.

[eternalchaos]

i actually agree. I said it in the other thread. From a "financial" standpoint. TR lost alot of money. The fact they had to redo 75% of the game instantly put it over budget. It was due for this news. However the game itself is actually doing pretty good. The studio behind it however is basically done.

Sort of like the Bet on Soldier publishers.
BoS was a good game and sold pretty good; didn't stop the publishers from bankrupting however. They bankrupted themselves in the process of publishing the game. So while BoS rocked; the publishers basically went poof. Same is happening with TR.. the game is doing 'okay' but the studio it was developed in is going poof.


edit
by the way. The stock plumeting isn't linked to TR; but actually to the fact they are closing the studio. I wouldn't worry to much as this is NORMAL in the financial world. Hell you want some news.. try "AMD/ATI" is actually up on the auction block now. That's right.. AMD actually is NEGATIVE aka.. "in the red". Since paying lfor ATI they actually havn't made enough profit to balance the purchase. So while the company has say net fiscal worth of 8billion; they payed say 6 billion for ATI. Meaning 6 billion of their worth is in ATI.. so they are only worth 2 billion now in actuality; their past few earnings reports were MASSIVLY red... enough that they have cancelled numerous CPU's and future advancements. :P that is something to worry about folks. So far it isn't confirmed but IBM is on the block as well as Microsoft to bid on the company.

[gryeyes]

Originally Posted by eternalchaos

i actually agree. I said it in the other thread. From a "financial" standpoint. TR lost alot of money. The fact they had to redo 75% of the game instantly put it over budget. It was due for this news. However the game itself is actually doing pretty good. The studio behind it however is basically done.

Sort of like the Bet on Soldier publishers.
BoS was a good game and sold pretty good; didn't stop the publishers from bankrupting however. They bankrupted themselves in the process of publishing the game. So while BoS rocked; the publishers basically went poof. Same is happening with TR.. the game is doing 'okay' but the studio it was developed in is going poof.

The standard of how a game is doing financially fully depends on two things. The amount it cost to develope/maintain and how much money is pulls in. Tabula Rasa is doing as "ok" as vanguard.

[eternalchaos]

which isn't that bad really. Not every MMO is a "WoW". In fact WoW is just unique in that it has a rediculous subscriber base most of which honestly consisters of botters, gold sellers and multi korean accounts.

but if your standard is taken into account... Flagship studios is going to be in serious financial trouble. They wont' even release figures for that game which is a red flag in itself. Ifyou refuse to release financial and subscriber figures; you grossly missedyour target. Not to mention they wanted 100,000 founders; they dont' een have 5,000 :P and half of those founders quit already because FSS ripped them off.

[gryeyes]

Originally Posted by eternalchaos

which isn't that bad really. Not every MMO is a "WoW". In fact WoW is just unique in that it has a rediculous subscriber base most of which honestly consisters of botters, gold sellers and multi korean accounts.

but if your standard is taken into account... Flagship studios is going to be in serious financial trouble. They wont' even release figures for that game which is a red flag in itself. Ifyou refuse to release financial and subscriber figures; you grossly missedyour target. Not to mention they wanted 100,000 founders; they dont' een have 5,000 :P and half of those founders quit already because FSS ripped them off.

You just dont have any clue what your talking about. An estimated 100m and 5 years of development would put Tabula Rasa into the WoW league of money invested. Its one of the largest MMO failures ever... what about that dont you understand? You think 100m and 5 years went into hellgate london? A game with similar numbers to TR. please.

[eternalchaos]

I've seen worse ; trust me. As I said above, TR from a FINANCIAL standpoint is a dissasster

If youw ould actually read my posts and stop looking for stuff to flame at you would of seen that. From a "game" standpoint it is on par with most MMO's that first launched.

Don't give me this WoW crap either. When WoW first came out the game barely could keep its head above water. From the massive server lag and crashing, to corrupt GM's stealing credit card info; to lack of end game content and PvP the list goes on. WoW didn't get its #'s until it stabalized out; and Burning Crusade gave it an adrenaline boost. WoW has $100million in development cost over 5yrs of development, +3 yrs after launch.

TR from a financial standpointi s a failure but from a "game" perspective it is a success. now please re-read my posts above so you can say sorry for flaming me.

[gryeyes]

Originally Posted by eternalchaos

I've seen worse ; trust me. As I said above, TR from a FINANCIAL standpoint is a dissasster

If youw ould actually read my posts and stop looking for stuff to flame at you would of seen that. From a "game" standpoint it is on par with most MMO's that first launched.

Don't give me this WoW crap either. When WoW first came out the game barely could keep its head above water. From the massive server lag and crashing, to corrupt GM's stealing credit card info; to lack of end game content and PvP the list goes on. WoW didn't get its #'s until it stabalized out; and Burning Crusade gave it an adrenaline boost. WoW has $100million in development cost over 5yrs of development, +3 yrs after launch.

TR from a financial standpointi s a failure but from a "game" perspective it is a success. now please re-read my posts above so you can say sorry for flaming me.

Guess its a good thing the topic we are discussing is "Is Tabula Rasa a financial disaster" then isnt it?

[RadarX]

Originally Posted by gryeyes

HAHAHA oh please did the writter make up NCsoft stock plummeting? Directly quoting the lead financial advisor of NSsoft? Everyone with half a brain could see this coming a mile away.

Everyone who has been following this industry more than 6 months knows that if you believe everything you read in the Korea Times you probably get your news from the NY Post as well.

Are you REALLY foolish enough to cite this as a primary source of news about a game? Despite the repeated use of the word "believed" and the fact that NO other news source in the entire WORLD has this information?

I've got something juicy about Area 51 if you are interested... turns out they were building the ultimate Gummi Bear.

PS... If the financial guy had been quoted saying TR is a booming success, would you have believed him? So why do you now?