We have some more stories about Cyberpunk 2077. I know, shocker. On Monday, we told you about how CD Projekt Red’s (CDPR) stock had fallen. Well it has fallen even more. Kasper Viita and Piotr Bujnicki at Bloomberg report that CDPR has lost a third of the company’s overall value since the release of Cyberpunk. The stock has now lost 33% of its market value since the first Cyberpunk reviews were published last week. “We are concerned that CD Project’s image as ‘players first’ has been seriously damaged in recent days,” Citigroup Inc. analysts say.
All of this turmoil has obviously got people at CDPR, and their stakeholders, very worried. One clear example is an emergency investors call that was held yesterday morning. The full transcript of that call is available here. It’s content is…unsettling. Executives at CDPR admitted to some shocking things about the development of the game. Like “We definitely did not spend enough time looking at (current gen performance).” One thing specifically is regarding the statement that was put out Monday morning, where the company claims that customers should seek refunds if they so choose. However, CDPR has no actual control over refunds of games. They do not sell their games. Retailers and online shopping platforms such as the PlayStation store and Xbox Live do (You can read all about this from Patrick Klepek at Vice). This is just another disingenuous action that is quickly eroding any good faith the company has remaining.
Those of you who were waiting for EA Play to join Xbox Game Pass will have to wait a bit longer. The EA service, which was expected to join the Xbox Games Pass lineup yesterday, has been delayed into 2021. Not much other detail was shared by Xbox in the announcement. All we know is that we’ll be getting an update for the new timeframe of when we can expect EA Play to join Xbox Game Pass in early 2021. The full announcement can be found here.