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WHO COULD HAVE PREDICTED? CD PROJEKT RED SEES SHARE PRICES FALL 25%

Cyberpunk 2077 development studio CD Projekt Red, since its peak in August has seen its share price decline by 25%

 

The news comes from a report from GamesIndustry.Biz with the peak running parallel to the reveal of the upcoming mobile AR game “The Witcher: Monster Slayer. Since the reveal, CD Projekt Red has also seen its market cap plummet by roughly 2.5 billion EUR, the equivalent of $2.9 billion USD. As of August, the studio’s price per share was at $116 USD but in October the price per share dropped to $84 USD.

 

It doesn’t help that the much anticipated Cyberpunk 2077 game has been delayed (again) to December 10th, 2020 alongside additional reports of mandatory crunch days in spite of CD Projekt Red’s promise that such actions wouldn’t be taken. Adam Bakowski responded to those reports by saying it was: “one of the hardest decisions I’ve had to make,” following up with a statement saying that developers will be “well compensated for every extra hour they put in.”

 

Thankfully the company has stated that the game will not be delayed again following the December 10 delay, as this particular change of date was of a different kind than prior delays.

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