Following the success of its open-world recreation Crimson Desert, Pearl Abyss introduced a significant shift in its strategic priorities and the sale of CCP Video games to CEO Hilmar Veigar PΓ©tursso.
CCP Video games, the studio behind house survival video games EVE On-line and EVE Frontier, was acquired by Pearl Abyss in 2018 for $225 million in money and the equal of $200 million in performance-related funds, however the speedy evolution of the gaming trade has triggered the Crimson Desert studio to reevaluate its funding.
Pearl Abyss sells CCP Video games 8 years after acquisition
Pearl Abyss reportedly offered CCP for $100 million in money and $20 million price of token rights, which at first look looks like a formidable return on funding, however particulars surrounding the token portion of the deal stay unclear.
The token acquisition rights included on this deal reportedly consult with EVE Frontier’s in-game forex referred to as EVE Tokens ($EVE), and CCP Video games says these “utility tokens” will gas a player-driven financial system for many years to come back.
With information of this sale and the success of Crimson Desert, Pearl Abyss could also be getting extra funding to gas the event of some new video games.
Whereas the funding made sense on the time, Pearl Abyss mentioned in a press release: “After contemplating numerous medium- to long-term development methods, we’ve concluded that promoting the corporate to the present administration staff is in the most effective curiosity of each events’ futures.”
The 2 firms are reportedly keen to proceed working collectively, however CCP is at the moment finalizing the possession change. Pearl Abyss explains, “Whereas this acquisition was a sound strategic choice on the time to safe world IP and diversify our portfolio, the worldwide gaming enterprise setting and our strategic priorities have modified considerably since then.”
Maybe Pearl Abyss is lining their pockets to facilitate the event of some new video games.
After promoting over 5 million copies of Crimson Desert in a single month, adopted by CCP, Pearl Abyss will little question look to keep up that momentum and leverage its sources to develop much more blockbuster titles.