I think people have forgotten all the promises that they made with those games and how very little they delivered on. Still good games, but incredibly derivative.
Lol, bullshit. Unless they plan to cut funding and spending from Bungie then the losses will continue to mount. Bungie doesn't have a solid revenue stream to offset all that spending, MTX isn't going to do it with two subpar live services with sub 100k concurrent between them. Common Sony, slave whip Bungie back into the content creation mines and make them work on D3. Letting them wander the pasture clearly isn't working.
I don't see how you stare down the barrel of a nearly billion dollar loss and say, "this is fine, lol". It sounds more like investor placating while Sony comes up with some plan to move forward. It hasn't been long between Marathons release and this earnings call, so I would assume they'll say anything to maintain investor confidence while they make an actual plan.
I think people have forgotten all the promises that they made with those games and how very little they delivered on. Still good games, but incredibly derivative.
They left something behind when they left Microsoft. Now, Microsoft was a different company back then, but it was still Microsoft. You could make the argument that the deadlines and such kept them on task. As much as I've heard as it being hell, it is true that they made great games under Microsoft's ownership. Sony clearly doesn't have what Microsoft did to keep Bungie making golden eggs, whatever the fuck that was
I think people have forgotten all the promises that they made with those games and how very little they delivered on. Still good games, but incredibly derivative.
How do you feel about these changes, personally? As our official KF Marathon ambassador the people need to know. Now seeing the Bungie loss number blow up to $765 MILLION, per Geoff Keighley and several other Twitterers: View attachment 8974272
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I don't know what impairment means in financial terms though so this might not be as bad as it sounds, but I am confident it isn't good news for Bungie.
Anyone who handed bungie a single cent after they started removing paid content from destiny 2 deserves every misfortune they've encountered since. that includes players, sony, and anyone that has ever done anything kind for any bungee employee ever.
I don't think so either, but the reality is 1.2 million people bought a copy of this game. S2 is in 3 weeks and there is a game mode in place right now to retain the casuals that are left and to hopefully latch on to returning players.
I hate to say this, but with the sheer cratering in player count from that 1.2 Million - especially with a peak on launch day that didn’t even hit 10% of purchases on what even Sony have said is the main platform for Marathon - I’m legitimately curious just how much of that 1.2 Million was people who tried it and then asked for a refund.
I think Joe Average the Casual Gamer has either moved onto whatever the current Flavour of the Month is, or just gone back to what they were already playing.
It means a reduction in value. So, PlayStation has lost 765 million dollars in its company's value because of Bungie.
The official definition of impairment in terms of finances is: "Impairment describesa reduction in the value of a company asset, either fixed or intangible, so as to reflect a decline in the quality, quantity, or market value of the asset."
How does this differ from depreciation, which is something almost all companies use in accounting for movable fixed assets and nobody really cares about?
Would "impairment" be losses taken on investments, overpaying for a company during an acquisition, government fines, etc.?
Reason I ask is I've never seen that term used in a financial context.
Note: Not from US so I apologise if it's common terminology for you.
They left something behind when they left Microsoft. Now, Microsoft was a different company back then, but it was still Microsoft. You could make the argument that the deadlines and such kept them on task. As much as I've heard as it being hell, it is true that they made great games under Microsoft's ownership. Sony clearly doesn't have what Microsoft did to keep Bungie making golden eggs, whatever the fuck that was
Microsoft tard wrangled. Specifically, they tard wrangled the higher up devs like Jones and Barrett. That’s what made Halo great. They gave Bungie enough creative freedom to make cool shit but slapped their face enough to make sure that cool shit was in budget and on time. The patients run the asylum now.
How do you feel about these changes, personally? As our official KF Marathon ambassador the people need to know. Now seeing the Bungie loss number blow up to $765 MILLION, per Geoff Keighley and several other Twitterers:
I prefer Sony over Microsoft, but they deserve to be suffering losses for these shit decisions. They really looked at Destiny 2, a game that has been shit for a long time (arguably even since launch), and said "fuck yeah, we want that". This has to do with their retarded plan to move to more live service games, which was leaked a while ago (remember Concord? Yeah, that was born from this initiative).
Reminder that Microsoft bought FUCKING ACTIVISION few months later and already owned Bethesda, both of these print money.
Obviously the payment for each was VERY VERY different so they aren't on par, but it kinda shows that Sony is completely clueless on assessing value, especially when it comes to the west. Everyone that played a videogame ever can tell that that Destiny 2 is a sinking ship for years.
Hopefully they can abandon this live service shit plan because they are about 10 years too late to this fad.
I want more high quality RPGs, the genre that MADE the PlayStation.
They left something behind when they left Microsoft. Now, Microsoft was a different company back then, but it was still Microsoft. You could make the argument that the deadlines and such kept them on task. As much as I've heard as it being hell, it is true that they made great games under Microsoft's ownership. Sony clearly doesn't have what Microsoft did to keep Bungie making golden eggs, whatever the fuck that was
They didn't left shit behind, all the team that made the Halo games is either gone or still with Microsoft (343 Industries) still making them.
The Bungie of today is Bungie only in name, all the talent that made the stellar games of the past has been gone for a long time.
