Cyberpunk 2077 | CD Projekt investors request the departure of their CEO

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Cyberpunk 2077 |  CD Projekt investors request the departure of their CEO

The Polish studio CD Projekt RED, responsible for Cyberpunk 2077, faces a class action lawsuit promoted by investors that will be filed this June in the United States. Finally grouped into one, the group of shareholders demands responsibilities from the top managers of the company and has requested the march of your current CEO Adam Kicinski, and its founding partner, Marcin Iwinski.

Patches, PS Store recall, stock market crash and a complex future

Jeffrey Tirman, CEO of Abri Advisors, has explained in an interview with Bloomberg what Cyberpunk 2077 problems could have been prevented if the study had taken the appropriate measures. The current state of the game arouses skepticism among the investor group for one particularly notable reason: CD Projekt’s earnings have fallen 57% since the game’s release. A drop of 64.7% in sales during the months of January to March, where they registered a quarterly profit of 7.1 million euros; a decrease of almost 65% compared to 20.9 million euros in the same period in the previous year.

To achieve his dismissal, 60% of the votes in favor are required from the owners of CD Projekt RED. Taking into account that Adam Marcin and Michal Kicjinki, Adam’s brother, own 34% of the company’s workforce, it does not seem like an easy task for the proposal to go ahead. Now they are trying to convince the other members who own the shares.

How things are with Cyberpunk 2077

Problems have been with Cyberpunk 2077 since its development. After a controversial launch, with an unacceptable version on consoles for which CD Projekt itself had to apologize, more than five months have passed since the game was removed from the PS Store, the digital chain of PlayStation consoles, for express request of Sony. This circumstance has affected sales of the title beyond its premiere, which did not prevent them from closing the year 2020 with more than 13.7 million copies shipped. It is currently undergoing reconstruction with patches that have severely reduced the number of crasheos.

CD Project RED It is now facing a change in its internal structure and has invested heavily in R&D. The goal is not to repeat past mistakes and to ensure a healthy ecosystem for all team members. In the second half of 2021 they are expected to release the new generation version of Cyberpunk 2077 Y The Witcher 3: Wild Hunt, both free on PS5 and Xbox Series X | S for buyers of the titles on PS4 and Xbox One.

CD Projekt will begin development of new high-budget projects in 2022. The standalone multiplayer version of Cyberpunk 2077 was canceled last March; finally they will work on online components within the game. It is unknown when it will return to the PS Store.

Source | Bloomberg


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