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Post by Eorl @ 09:46am 29/08/14 | 5 Comments
EVE Online maker CCP Games announced during its latest financial report (via Gamasutra) that it is shutting down its San Francisco-based game development studio and letting two executives go. The news comes on the heels of the company reporting a downturn in year-over-year profits.

Revenues for the first six month period of its current fiscal year came in at $36.5 million, down from $36.7 million in the same six month period of its last fiscal year. Earnings (before interest, taxes and depreciation) clocked in at $4.5 million, down from $8.3 million in the same six month period a year ago.

The cancelation of the World of Darkness MMO affected the overall profitability of the company during the six month period due mostly to termination and write-down costs for certain assets associated with the property.

As a result, CCP Games decided that it would close its San Francisco operations and let CFO Joe Gallo and CMO David Reid go. CCP Games manager Hilmar Veigar Petursson said that the company's new focus going forward will be solely on its flagship product, EVE Online.

ccp gameseve onlinestudio closure

Latest Comments
Posted 10:37am 29/8/14
GG Dust 514. Console only game, would never have lasted long. PC players were keen to see it too.
Posted 10:50am 29/8/14
Did Dust 514 actually get released? I didn't even realise that, I thought it never came out and got cancelled or something
Posted 11:04am 29/8/14
It got released and it was pretty terrible, the hardcore used keyboard and mice and dominated anyone with a controller, it never properly tied into the EVE online like they intended. For a studio making there first fps online game it wasn't terrible, but it had s*** menus and it wasn't the easiest game to jump into and play.
Posted 12:29pm 29/8/14
CCP cancelled the WoD MMO, so in my book they were already dead to me.

Also I have no interest in EVE so they were dead to me before that.
Posted 06:21pm 30/8/14
^agree on the first point .. i guess this means they aren't working on that PC shooter any more
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