CD Projekt settles Cyberpunk 2077 lawsuit for just $1.85 million
What just happened? While Cyberpunk 2077 has been having a proficient time recently, CD Projekt connected to deal with the course-action lawsuit launched against the game over its disastrous launch 12 months ago. But that'south now been resolved, and information technology cost the company a minuscule amount of money compared to what its RPG earned.
Cyberpunk 2077 launched on Dec 10, 2022, to more hype than possibly whatever other title in history. Sadly, the PC version was plagued with bugs and poor performance, and that was nothing compared to its state on final-gen consoles. So bad was the game on the PS4 that Sony removed it from the PlayStation Store just one week after release and only relisted it in June.
For many public investors, the painful launch was unacceptable, leading to several grade-activity lawsuits confronting CD Projekt over claims they were misled about its financial performance. 4 of these suits were rolled into one, and the company entered settlement negotiations last week. It's now agreed to pay $ane.85 million in exchange for "relinquish[ing] any and all claims against the Company and members of its Management Lath," reports The Verge.
CD Projekt's share toll over the last five years. Spot where Cyberpunk arrived.
While no small sum, almost $2 one thousand thousand is a driblet in the bounding main to a company like CD Projekt—Cyberpunk 2077 had a development budget of over $316 million and sold xiii.seven million copies through the end of 2022. But the house'south reputation, which was considered first-class following the success of The Witcher 3, has been irreparably damaged, and its share price is downwards 54% since Cyberpunk 2077 arrived. It took another accident in Oct after announcing that adjacent-gen updates for both Cyberpunk and The Witcher 3 had been delayed until the second quarter of 2022.
Interestingly, Cyberpunk 2077 has seen something of a resurgence recently. Information technology became the global height-seller on Steam last month and earned a 'Very Positive' contempo reviews rating. It was too nominated for two Game Awards, though it won neither category, and was the PlayStation Shop's acknowledged game upon its return.
In other Cyberpunk 2077 news, we learned this week that Keanu Reeves, who portrays Johnny Silverhand in the game, has never fifty-fifty played it, despite CD Projekt claiming otherwise.
Source: https://www.techspot.com/news/92657-cd-projekt-settles-cyberpunk-2077-lawsuit-185-million.html
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