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$300 Million WooHoo

rpmcmurphyrpmcmurphy Member EpicPosts: 3,497

Early days!! Keep it coming guys!

Too much is never enough for Star Citizen.
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Comments

  • NanfoodleNanfoodle Member EpicPosts: 8,243
    Just think if a game development company had this cash. Things to ponder. 
    achesomaAmathetzervoblueturtle13rpmcmurphyBabuinixOG_ZorvanCaffynatedHuntrezz
  • achesomaachesoma Member RarePosts: 1,224
    Cayman Islands about to get paid.
    blueturtle13PhaserlightOG_ZorvanTimukasMcSleaz
    Image result for pantheon mmo banners
  • AmatheAmathe Member LegendaryPosts: 7,159
    But don't worry. You can still spend thousands of dollars in the cash shop.
    OG_ZorvanTimukas

    EQ1, EQ2, SWG, SWTOR, GW, GW2 CoH, CoV, FFXI, WoW, CO, War,TSW and a slew of free trials and beta tests

  • WizardryWizardry Member LegendaryPosts: 17,642
    I never looked into actual numbers behind the games until recently,i was shocked to see how little is actually spent on the games.What i have found is it can typically be anywhere from 1/4 to 1/2,so i would say since Robert's has proven to  NOT be very organized as a producer,that at least 1/2 of your money intended for the game has not been spent on the game.I started uncovering actual value of games when i did a simple Google search for most costly games.CODMW2 one of my fave games of all time only cost 50/200 million budget so 1/4.I was more interested in Destiny2 because to me the game is crap,well 140/500 so again 1/3,still looks pretty bad.

    It would make sense,i commented on what i saw and how much i thought looked to be invested in the game so far and was well under 50,like about 20 million at best.Obviously a lot of that money is just sitting in their coffers,most claimed as a buffer for future years but even still i am pretty sure there is a limit with a non profit which i am also sure Robert's is claiming.

    Would be more fun to find out how and where he hides all this money from taxes,no way could he be that incompetent to have spent it all,just no way.Hey that's why his partner is a lawyer and he has carried that guy with him his entire career.

    Never forget 3 mile Island and never trust a government official or company spokesman.

  • ScorchienScorchien Member LegendaryPosts: 7,336
    edited June 13
    It literally may be the worst 300million ever spent , SC is in an inexuseable state of bugs/ exploits/errors/crashes/ also lacking fundamental features and content for that amount of money ...
    blueturtle13KyleranrpmcmurphyIselinErillionOG_ZorvanTimukas
  • blueturtle13blueturtle13 Member LegendaryPosts: 12,227
    Scorchien said:
    It literally may be the worst 300million ever spent , SC is in an inexuseable state of bugs/ exploits/errors/crashes/ also lacking fundamental features and content for that amount of money ...
    It is just about everything wrong with crowdfunded mmorpgs and is a black eye on crowdfunding in general. 
    ScorchienAmatheIselinErillionOG_ZorvanTimukas

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  • QuizzicalQuizzical Member LegendaryPosts: 21,958
    Scorchien said:
    It literally may be the worst 300million ever spent , SC is in an inexuseable state of bugs/ exploits/errors/crashes/ also lacking fundamental features and content for that amount of money ...
    It is just about everything wrong with crowdfunded mmorpgs and is a black eye on crowdfunding in general. 
    The real question is, how do they continue to rake in many millions of additional dollars even after that is widely known?
    blueturtle13tzervoOG_Zorvan
  • blueturtle13blueturtle13 Member LegendaryPosts: 12,227
    Quizzical said:
    Scorchien said:
    It literally may be the worst 300million ever spent , SC is in an inexuseable state of bugs/ exploits/errors/crashes/ also lacking fundamental features and content for that amount of money ...
    It is just about everything wrong with crowdfunded mmorpgs and is a black eye on crowdfunding in general. 
    The real question is, how do they continue to rake in many millions of additional dollars even after that is widely known?
    Yeah it is a never ending wonder what people will throw money at. I mean this 'project' racked up millions and millions as far back as 2012. Crazy successful campaign for sure regardless of the final product that will or will not come.  
    tzervoOG_Zorvan

    거북이는 목을 내밀 때 안 움직입니다












  • MightyUncleanMightyUnclean Member EpicPosts: 3,290
    Does that $300 million count investor money, or just that of player backers?  How much have both sources contributed?
  • achesomaachesoma Member RarePosts: 1,224
    Does that $300 million count investor money, or just that of player backers?  How much have both sources contributed?
    As of March 27, 2020, they had total of 5 investors. I’d assume predominantly backer raised. 

    ErillionOG_Zorvan
    Image result for pantheon mmo banners
  • BeansnBreadBeansnBread Member EpicPosts: 7,118
    They're always celebrating the money milestones as if the money is the goal and not the game.

    At this point, the amount of money raised is depressing.
    Nildentzervoblueturtle13AmatheErillionOG_ZorvanTimukasMcSleazEponyxDamorHatefull
  • NanfoodleNanfoodle Member EpicPosts: 8,243
    Feels like a lemmings kind of situation. Come jump off this cliff with me. 
    blueturtle13OG_Zorvan
  • WalkinGlennWalkinGlenn Member RarePosts: 359
    If Chris ran off with whatever cash is available and they closed up shop the White Knights will be dancing and prancing about how they already got their moneys worth. That's how bad the fanboi'ism is for this "game"
    ErillionOG_ZorvanMcSleazjustintbhsHatefull
  • IsilithTehrothIsilithTehroth Member UncommonPosts: 546
    How can anyone be happy they raise that much and hardly have anything to show for it?
    OG_ZorvanMcSleaz

    MurderHerd

  • KyleranKyleran Member LegendaryPosts: 36,135
    edited June 14
    Before the ship sailed I'm sure those who purchased 1st class tickets for the Titanic thought they had made a great investment.

      
    blueturtle13OG_ZorvanMcSleazklash2defHatefullAzaron_Nightblade

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    Just trying to live long enough to play a new, released MMORPG, playing FO76 at the moment.

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  • gervaise1gervaise1 Member EpicPosts: 6,919
    achesoma said:
    Does that $300 million count investor money, or just that of player backers?  How much have both sources contributed?
    As of March 27, 2020, they had total of 5 investors. I’d assume predominantly backer raised. 

    Based on the accounts they published c. end 2019 and end 2018 I don't believe so. I also suspect the investor money is ring fenced as well - based on what has been said - and is being drip fed over time to pay for the "marketing" stuff (including the alpha server, convention stuff etc.) going forward. This is an assumption but a "ring fence" would mean that if the company folded any unspent money would default to the "investor".

    5 investors or 1? Keith Calder (1) and Clive Calder (2) collectively make up Calder Family Office (3). Snoot Entertainment (4) is Keith Calder + another and ITG (5) were the ones who arranged the investment. So I would say just 1 "investment" even if 5 "investors" are listed.

    That said there was the share swap they did with the software company that works on SC. No money involved so not an "investment" as such but they do own a tiny bit of the company.

    And as this is an investment which will be governed by a contract they will have much more "power" than folks who buy a few shares on the stock market (and then rarely use their vote sadly).

    That the Calders exercised an option they had negotiated to buy more shares is telling imo. c. $69M is a serious sum. They must see a path to profit.

    Which means the game has to launch.

    Ship sales don't hack it. Ship sales i.e. sales of the game - basically the same as e.g. CU etc selling character slots - have only really been covering costs up until the end of 2019. Why - presumably - they got the investment. Life of the edge - i.e. 90 days - gets uncomfortable when you have a 500+ person wage bill. 

    I suggested Destiny - its a space game that we know from court filings sold at least 20M (and then a lot more). Sure Witcher 3 didn't (not a noted commercial success unlike Skyrim) nor did Freddy Frog Crosses the Road. The Calders - we have to assume - see something more like Destiny. 

    Plus any money that SC makes.  

    And then there is the fact that Snoot Entertainment develop and produce films! Keith Calder's imdb: https://www.imdb.com/name/nm2096462/

    The movie ...... or TV series ......


    bigmilkachesomatzervoErillionOG_ZorvanMendel
  • MightyUncleanMightyUnclean Member EpicPosts: 3,290
    I just was this comment on MOP.  Is it true that CIG was close to running out of cash?



    oldandgrumpy

    You do realize that the funding chart was going up up right at the time CIG were seeking bail out money from Calders. Their own accounts show they were very close to going under at that time.

    Erillion
  • rpmcmurphyrpmcmurphy Member EpicPosts: 3,497
    I just was this comment on MOP.  Is it true that CIG was close to running out of cash?



    oldandgrumpy

    You do realize that the funding chart was going up up right at the time CIG were seeking bail out money from Calders. Their own accounts show they were very close to going under at that time.

    Yes. On paper at least. CIG cannot have been that concerned though because it was not as if they started layoffs or anything.

    I don't know how much money CIG have received in total but just adding the sales and Calder's investments puts them at $363.5 million.

    They have spent at least $335 million of that. It is costing them approximately $5 million a month as things stand.
  • MightyUncleanMightyUnclean Member EpicPosts: 3,290
    I just was this comment on MOP.  Is it true that CIG was close to running out of cash?



    oldandgrumpy

    You do realize that the funding chart was going up up right at the time CIG were seeking bail out money from Calders. Their own accounts show they were very close to going under at that time.

    Yes. On paper at least. CIG cannot have been that concerned though because it was not as if they started layoffs or anything.

    I don't know how much money CIG have received in total but just adding the sales and Calder's investments puts them at $363.5 million.

    They have spent at least $335 million of that. It is costing them approximately $5 million a month as things stand.
    God, how much money are they going to need before they finally have a finished product at the current rate of development?  $500 million?  More?
  • lahnmirlahnmir Member LegendaryPosts: 3,503
    At least the SQ42 Beta is around the corner and not replaced with the confidence inspiring date of “whenever.”

    Money raised used as a milestone, as an indication of the succes of the game that is supposedly being built with it. There is no connection whatsoever and the focus on this “succes” is ridiculous. We could also “celebrate” every delay or every month the game doesn’t release, those are just as big an indication of the games succes.

    /Cheers,
    Lahnmir
    'the only way he could nail it any better is if he used a cross.'

    Kyleran on yours sincerely 


    'But there are many. You can play them entirely solo, and even offline. Also, you are wrong by default.'

    Ikcin in response to yours sincerely debating whether or not single-player offline MMOs exist...



    'This does not apply just to ED but SC or any other game. What they will get is Rebirth/X4, likely prettier but equally underwhelming and pointless. 

    It is incredibly difficult to design some meaningfull leg content that would fit a space ship game - simply because it is not a leg game.

    It is just huge resource waste....'

    Gdemami absolutely not being an armchair developer

  • BabuinixBabuinix Member EpicPosts: 2,901
    edited June 14
    Damn you beat me to it...

    Record funding year ready with 6 months to go.  :D

    Glad to have all the cynics back lol, 
     Thanks for caring.  :D
    Post edited by Babuinix on
    tzervoKyleranErillionOG_Zorvan
  • BabuinixBabuinix Member EpicPosts: 2,901
    Nanfoodle said:
    Just think if a game development company had this cash. Things to ponder. 
    https://meliorgames.com/game-development/top-10-richest-game-developers-2019

    Still think 300$Millions spread throughout 8 years is a lot for AAA studios?  :D

    Oh my sweet summer child...

    Anthem made 100$Millions on it's First Month alone.

    Fortnite makes $billions per year selling skins to kids..

    GTA Online generated 500$millions last year alone ...

    EA / Take2 make billions per years selling FiFA/NBA packs to kids...

    BuT sTaR CiTiZeN...  :D 
    ErillionCaffynated
  • coretex666coretex666 Member EpicPosts: 3,827
    Babuinix said:
    Nanfoodle said:
    Just think if a game development company had this cash. Things to ponder. 
    https://meliorgames.com/game-development/top-10-richest-game-developers-2019

    Still think 300$Millions spread throughout 8 years is a lot for AAA studios?  :D

    Oh my sweet summer child...

    Anthem made 100$Millions on it's First Month alone.

    Fortnite makes $billions per year selling skins to kids..

    GTA Online generated 500$millions last year alone ...

    EA / Take2 make billions per years selling FiFA/NBA packs to kids...

    BuT sTaR CiTiZeN...  :D 
    Man you are hilarious. You dont care about logic. You dont need to make any sense. You just randomly take some information, use it to create what you believe is a strong and cogent argument and feel satisfied as in your head, you won. Pure gold.
    KyleranOG_Zorvan
  • lahnmirlahnmir Member LegendaryPosts: 3,503
    Babuinix said:
    Nanfoodle said:
    Just think if a game development company had this cash. Things to ponder. 
    https://meliorgames.com/game-development/top-10-richest-game-developers-2019

    Still think 300$Millions spread throughout 8 years is a lot for AAA studios?  :D

    Oh my sweet summer child...

    Anthem made 100$Millions on it's First Month alone.

    Fortnite makes $billions per year selling skins to kids..

    GTA Online generated 500$millions last year alone ...

    EA / Take2 make billions per years selling FiFA/NBA packs to kids...

    BuT sTaR CiTiZeN...  :D 
    Comparing profit made by fully released games with funding needed to create a game still in alpha, seems legit. 

    And yes, there have been games that took longer to develop, even games that were more expensive, but those are exceptions and you know this. Funny part, they made it to release with that money and time and SC is nowhere near release. So again, a nice comparison, flawed though, again.

    I like your comic though, it shows deaf people endlessly staring at the jpeg of a starship  o:)

    /Cheers,
    Lahnmir
    blueturtle13SensaiKyleranCaffynatedtzervoklash2defEponyxDamorHatefullXodic
    'the only way he could nail it any better is if he used a cross.'

    Kyleran on yours sincerely 


    'But there are many. You can play them entirely solo, and even offline. Also, you are wrong by default.'

    Ikcin in response to yours sincerely debating whether or not single-player offline MMOs exist...



    'This does not apply just to ED but SC or any other game. What they will get is Rebirth/X4, likely prettier but equally underwhelming and pointless. 

    It is incredibly difficult to design some meaningfull leg content that would fit a space ship game - simply because it is not a leg game.

    It is just huge resource waste....'

    Gdemami absolutely not being an armchair developer

  • BabuinixBabuinix Member EpicPosts: 2,901
    lahnmir said:
    Comparing profit made by fully released games with funding needed to create a game still in alpha, seems legit. 

    And yes, there have been games that took longer to develop, even games that were more expensive, but those are exceptions and you know this. Funny part, they made it to release with that money and time and SC is nowhere near release. So again, a nice comparison, flawed though, again.

    I like your comic though, it shows deaf people endlessly staring at the jpeg of a starship
    I'm pointing out that 300$millions spread out by 8 years is nothing considering that involved creating a company from scratch and building a mmo & single-player game whille paying for live servers and community support staff.

    They aren't  making profit for shareholders but investing into into the games development.

    If they were in it for the money they wouldn't keep hiring devs every year or hire so many hollywood actors.



    I mean Mark Hamill would be enough for just about anybody...

    They wouldn't keep spending money and time upgrading legacy assets multiple times instead of making new ones if their focus was stashing money.

    These money articles are always magnets for controversy and salty commenters to relief their frustrations without needing to know anything about the game or thoughtfull reasoning.

    It's the perfect click bait  :D
    blueturtle13ErillionEponyxDamorHatefull
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