tag:blogger.com,1999:blog-1510920011443550663.post4846210587416615284..comments2024-03-28T10:18:05.213+00:00Comments on Inventory Full: The Lonely Financial ZoneBhagpusshttp://www.blogger.com/profile/03499162165023939880noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1510920011443550663.post-77811502879776379002021-08-30T09:23:51.586+01:002021-08-30T09:23:51.586+01:00Yeah, $5m is irrelevant for an AAA game, even in a...Yeah, $5m is irrelevant for an AAA game, even in a quarter. They do keep hinting at a new EQ game though and I'd be more than happy to see some kind of mobile game using the IP. If it was even haf-way decent, that is.Bhagpusshttps://www.blogger.com/profile/03499162165023939880noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-68991071948159683992021-08-30T09:22:08.183+01:002021-08-30T09:22:08.183+01:00It's strange, for sure. Strangeness has been a...It's strange, for sure. Strangeness has been a major part of the whole SOE/DBG experience for so very long now, though, that it has to be something spectacularly odd to really worry me. This is just a minor oddity by those standards.Bhagpusshttps://www.blogger.com/profile/03499162165023939880noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-89028335762644470092021-08-30T09:19:50.588+01:002021-08-30T09:19:50.588+01:00I think he did, although he didn't give much i...I think he did, although he didn't give much in the way of detail. There's a constant background hum of "something" new happening with the EverQuest IP, too, but no-one ever says what it might be.Bhagpusshttps://www.blogger.com/profile/03499162165023939880noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-32880248365760294742021-08-30T08:43:43.924+01:002021-08-30T08:43:43.924+01:00Didn't Flodin promise a new EG7 developed MMO,...Didn't Flodin promise a new EG7 developed MMO, based on a popular IP, in a video a while ago or am I misremembering things?Roger Edwardshttps://www.blogger.com/profile/03163008283296083781noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-19698039056521597502021-08-30T07:38:59.319+01:002021-08-30T07:38:59.319+01:00This is all so.. strange. I was reading Roger and ...This is all so.. strange. I was reading Roger and Wilhelm's chatter about it on Discord and it just gives me a bad taste in my mouth. Can't even entirely put my finger on it. And I definitely remember Columbus Nova, at least. That whole debacle was weird as heck.Hannah @ Dragons and Whimsyhttps://www.blogger.com/profile/00669527928501514046noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-44126578429867797492021-08-30T06:04:32.183+01:002021-08-30T06:04:32.183+01:00Despite minimal (general) interest in the wellbein...Despite minimal (general) interest in the wellbeing or lack thereof of Daybreak and its properties, your and Wilhelm's write-ups on this have both been incredibly interesting. <br /><br />The mystery games receiving the $5m investment will also be interesting to know. Although if it's ~$5m for games plural and they're really 'new games' as opposed to new capability / enhancements (which could still be capitalised!) then surely this has to be in the mobile space?<br /><br />I can't imagine that budget going very far otherwise.<br />Naithinhttps://www.blogger.com/profile/02830174305806727004noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-17520453787093030672021-08-29T18:39:36.361+01:002021-08-29T18:39:36.361+01:00I'm really glad I didn't take Economics at...I'm really glad I didn't take Economics at school. Actually, I'm not sure you could back then. I did take one year of Economics for Insurance in my first real job but I don't remember any of it and I suspect it would be of limited relevance if I did.<br /><br />It's a strange business, business. You sell something but you can't get rid of it or take the money until you do some more work to show it was worth selling in the first place. Imagine if you sold your car and then had to chauffeur the new owner around for a few weeks until they were satisfied it wasn't going to break down on them before you got the rest of your money.<br /><br />Bhagpusshttps://www.blogger.com/profile/03499162165023939880noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-80438137625814688302021-08-29T17:57:54.386+01:002021-08-29T17:57:54.386+01:00There are a few possible answers. Maybe he likes ...There are a few possible answers. Maybe he likes the EG7 business model and wants to remain an investor.<br /><br />More likely is that the sales agreement for the deal, which was paid for in part with stock in EG7, has some stipulations to keep Jason and friends on the hook until everything is settled. Nobody pays that much cash for a business without some precautions. Daybreak no doubt has metrics they need to meet over the first 1-3 years, during which time Jason might not be allowed to sell his shares, ensuring that his interests continue to align with EG7's. And if he is going to be depending on EG7 for his final payout I have no doubt that he'll want to be involved.<br /><br />And then there is who rich people stay rich, which is generally by having their money in lots of different investments. Bezos is worth $190 billion, but that isn't all in his checking account. And if he tried to cash out and get the money tomorrow, he'd lose most of it by crashing the stock prices due to him flooding the market with sell orders. Jason might like to cash out, but if he put 8.3% of the company's shares up on a sell order, the price would plummet and he would be all the poorer. Wilhelm Arcturushttps://www.blogger.com/profile/07033496821708933394noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-51425450234872344342021-08-29T17:22:57.263+01:002021-08-29T17:22:57.263+01:00I noticed H1Z1 was in the poster display. I can...I noticed H1Z1 was in the poster display. I can't keep it straight in my mind who's supposed to be in charge there. Which of the Daybreak subheadings does it come under now, if any? <br /><br />The naming convention may be a complete red herring but Jason Epstein being on the board isn't. I naively thought that seling a company meant you no longer ran it but apparently not. I guess if you acquire a company that immediately makes up 50% of your earnings going forward, though, you are going to have to come to some kind of accommodation if the former owner still owns more than 10% of your shares and fancies staying around.<br /><br />Only why does he want to stay around? <br /><br />Bhagpusshttps://www.blogger.com/profile/03499162165023939880noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-79786506838229636952021-08-29T16:46:41.369+01:002021-08-29T16:46:41.369+01:00Oh, and capitalizing development means that they a...Oh, and capitalizing development means that they are saying that the work they are doing is creating a company asset that has value, so they aren't spending money, they are investing it and getting an immediate return. <br /><br />It is similar to an acquisition where, for accounting purposes, everybody assumes that the company being purchased was worth the amount spend on it. Only later, when things go bad... as they do more times than not... does somebody have to come back and explain that the acquired company was only really worth a 10th of what they paid and then take a one time write off to revalue the asset.Wilhelm Arcturushttps://www.blogger.com/profile/07033496821708933394noreply@blogger.comtag:blogger.com,1999:blog-1510920011443550663.post-56368630278680988302021-08-29T16:40:15.367+01:002021-08-29T16:40:15.367+01:00In Russian it is "Novaya" and has cultur...In Russian it is "Novaya" and has cultural connotations like "new" and "fresh" and "clean" and "young" so it isn't surprising that they use it a lot. Still, after Renova and Columbus Nova, another Russian company ending with "nova" does make you at least go "hmmmm."<br /><br />Yeah, the SOE years... that was a roller coaster. So many odd ideas kind of thrown at the wall and left to hit the floor even if they started to stick a bit. <br /><br />Daybreak hasn't given us much new, but they have at least kept most of their current catalog online and fed with regular updates. (H1Z1 is kind of the standout in the group both in rapid success and abject failure.)Wilhelm Arcturushttps://www.blogger.com/profile/07033496821708933394noreply@blogger.com