Cyberpunk 2077 Launch Issues Cost Founders $1 Billion | Spurzine
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Cyberpunk 2077 Launch Issues Cost Founders $1 Billion

Gamers around the world had been anxiously waiting for Cyberpunk 2077 to finally launch and when the day came, not all went according to plan as some had hoped. The game launch itself has had a lot of technical issues that have cost the founders billions.

The technical issues surrounding the launch of Cyberpunk 2077 have had an impact on CD Projekt Red’s stock value, and that in turn is reportedly hitting its founders’ net worth. Bloomberg reports that the company’s founders have cut the value of their joint stake by $1 billion in only a matter of days.

The joint 34% stake in the Polish company is co-owned by three executives–Marcin Iwinski, Adam Kicinski, and Piotr Nielubowicz–along with a fourth owner, Michal Kicinski. Those four have become the among the wealthiest Poles in recent years as anticipation grew for Cyberpunk.

According to GameSpot, CD Projekt Red’s stock has been dropping, so has the founder’s wealth. Their stake was reportedly worth about $3 billion on Tuesday but now, they have lost over $1 billion due to launch issues plaguing players across the world.

Losing the money isn’t the biggest problem for CD Projekt Red but rather its credibility as a studio. Based on reports by analysts, Cyberpunk 2077 launch issues have cost the studio significant credibility with forecasts for the 12-month sales which were expected to be 30 million copies before the release dropping to 25.6 million copies now.

Cyberpunk 2077 studio CD Projekt Red founders have lost over a billion due to launch issues

One of the biggest reasons behind the huge losses is due to the issues facing players that have the PlayStation 4 and Xbox One versions of the game as they account for the largest percentage since both platforms are still widespread wildly popular.

Due to the significant bugs (technical issues) and less graphically impressive content on both systems, this has hugely affected the CDPR’s stock unlike the PC, PS5, and Xbox Series X versions which have tried to hold up on their end.

Players who are seeking to avoid those versions, or holding out until they opt-in to the new generation of consoles means that there’s a small of consumers for the Cyberpunk 2077 on PS 4 and Xbox One X respectively.

CD Projekt Red had issued an apology for the performance on last-gen systems and recommended players who are dissatisfied to seek refunds. But it also acknowledged that it had no special agreement for such refunds, and recently stopped recommending them on PlayStation.

If you’re planning on getting yourself a copy of Cyberpunk 2077, we advise you do it at your discretion or wait until you get a better PC with higher specs to pay the game.

 

Also read: Lamborghini Partners with Master & Dynamic to Launch Headphones & Earphones

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Cyberpunk 2077 Launch Issues Cost Founders $1 Billion 1

Author: Allan Bangirana

Allan Bangirana is a freelance writer for Newslibre & Spur Magazine. He is passionate about tech, games and occasionally writes about entertainment, lifestyle and so much more.

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