CD Projekt Red stock falls 29% in run-up to Cyberpunk 2077 launch

first_imgCD Projekt Red stock falls 29% in run-up to Cyberpunk 2077 launchShare price dropped as much as 7.8% after long-awaited game finally launched yesterdayJames BatchelorEditor-in-ChiefFriday 11th December 2020Share this article Recommend Tweet ShareCompanies in this articleCD Projekt REDCyberpunk 2077 developer CD Projekt Red has suffered a sharp decline in share price, despite the release of the highly anticipated sci-fi RPG.The stock has dropped 29% from PLN 443 per share on December 4 to PLN 313.9 at the time of writing.The decline can be partly attributed to complaints around bugs and glitches, which have been spreading via social media. The share price also seems to have dropped since reviews emerged, suggesting expectations for this game were extremely high given that the first wave of ratings gave Cyberpunk a Metacritic score of 91.Even the launch itself has failed to boost the company’s stock, with the share price slipping 7.3% over the course of December 10 from PLN 390.6 to PLN 362. At one point, it fell as much as 7.8% to PLN 360. That’s despite CD Projekt’s investor relations Twitter revealing the game had been pre-ordered eight million times. By comparison, The Witcher 3 only achieved 1.5 million before launch. More than half of these pre-orders were for PC, making it the platform’s biggest launch of all time. Cyberpunk also racked up one million concurrent users on Steam, breaking the record for single-player games.Looking back further, CD Projekt Red has suffered a 31% decline from its all-time peak back in August, when its market cap was PLN 42.5 billion, with a share price of PLN 460.8. This followed the announcement of a Pokémon Go-style AR mobile game based on The Witcher. At the time, this put CD Projekt Red ahead of Ubisoft, although our analysis explored how dependent the Polish developer is on Cyberpunk 2077. Related JobsSenior Build Engineer – AAA Studio – Yorkshire UK & Europe Big Planet3D Artist – Mobile Studio – Midlands UK & Europe Big PlanetProducer Indie Game Studio France UK & Europe Big PlanetDiscover more jobs in games The company already suffered a 25% decline in the two months that followed this peak, due in part to reports of mandatory crunch and yet another delay to the game, pushing Cyberpunk back to its eventual release date of December 10. With the game also available on consoles old and new, plus streaming services like Stadia, Bloomberg forecasts the game could match Red Dead Redemption 2’s sales of 17 million units in the first two weeks, which set a new record. According to its analysis, Cyberpunk 2077 is likely to become the tenth biggest selling game of all time at a project 29.7 million units, replacing its forebear The Witcher 3 at 28 million.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesCD Projekt has no plans to shelve Cyberpunk 2077CEO Adam Kicinski says abandoning the game is “not an option” By Danielle Partis 28 days agoCD Projekt staff reportedly locked out of computers after ransomware attackThe Cyberpunk 2077 developer had to push back the release of a patch following the cyber attackBy Marie Dealessandri 2 months agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

AEP informs organizations of planned coal-fired power plant retirements

first_img Mississippi Power cutting stakes in coal-fired, gas-fired stations to reduce excess MW, emissions Walter C. Beckjord Plant Unit 6, New Richmond, Ohio, operated by Duke Energy (NYSE: DUK), also will be retired. AEP owns 54 MW of that unit’s output. 3.22.2012 New Jersey utility regulators extend zero-carbon breaks for PSEG nuclear power plants Conesville 3 will retire by Dec. 31, 2012, and Welsh 2 will retire as soon as Dec. 31, 2014, but no later than Dec. 31, 2016, under terms of court-ordered consent decrees related to separate actions. All other units are estimated to be retired June 1, 2015, with final retirement dates based on implementation of the new EPA environmental regulations. Twitter In addition to the generation retirements, AEP plans to install or upgrade emission control systems on more than 13,000 MW of capacity, a task made extremely difficult by the tight compliance deadlines in the EPA rules and the uncertainty about the process for deadline extensions, Nicholas Akins, AEP president and chief executive officer said. Linkedin The plan submitted today differs slightly from the nearly 6,000 MW of anticipated retirements AEP announced in June 2011. The differences are due to the retirement of the 450 MW Sporn Unit 5 in February 2012 (which was included in the June 2011 plan) and the company’s decision to request regulatory approval in Kentucky to retrofit the 800 MW Big Sandy Unit 2 with environmental control equipment rather than retiring the unit. AEP also originally planned to rebuild Big Sandy Unit 1 to be fired with natural gas but now plans to retire that unit. In its notifications with PJM and SPP, AEP confirmed the following unit retirements: “The timing and logistics of these major projects, in addition to routine maintenance outages across the system, will increase demands on the remaining generating units,” Akins said. “We believe additional time to complete the emission control retrofits and coordinate the retirement schedules would better balance the environmental, economic and other impacts of this transformation of the nation’s generating fleet.” No posts to display Vietnam: scaling back coal-fired plans toward gas, renewables AEP informs organizations of planned coal-fired power plant retirements Facebook Previous articleNEI launches nuclear advertising campaignNext article3-21 Henry Hub Average Natural Gas Spot Prices chloecox TAGSAEPSPP Linkedin ·         Conesville Plant Unit 3, Conesville, Ohio – 165 MW; ·         Big Sandy Plant Unit 1, Louisa, Ky. – 278 MW; ·         Clinch River Plant Unit 3, Cleveland, Va. – 235 MW; ·         Glen Lyn Plant (two units), Glen Lyn, W.Va. – 335 MW; ·         Kammer Plant (three units), Moundsville, W.Va. – 630 MW; ·         Kanawha River Plant (two units), Glasgow, W.Va. – 400 MW; ·         Muskingum River Plant Units 1, 2, 3 and 4, Beverly, Ohio – 840 MW; ·         Picway Plant (one unit), Lockbourne, Ohio – 100 MW; ·         Philip Sporn Plant (four units), New Haven, W.Va. – 600 MW; ·         Tanners Creek Plant Units 1, 2 and 3, Lawrenceburg, Ind. – 495 MW; and ·         Welsh Plant Unit 2, Pittsburg, Texas – 528 MW. By chloecox – CoalEmissions RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook Read more emissions regulations news American Electric Power (NYSE: AEP) on March 22 said it made official notifications to regional reliability organizations PJM Interconnection and Southwest Power Pool (SPP) of the company’s plan to retire more than 4,600 MW of coal-fired power generation, primarily to comply with a series of U.S. Environmental Protection Agency (EPA) regulations. The utility was required to file its plan for plant retirements prior to PJM’s auction in May 2012 that will set electric generation capacity prices for June 2015 through May 2016.last_img read more

Suspect in custody after NY firefighter killed in possible road-rage incident: Sources

first_imgWABC-TV(NEW YORK) — A man is in custody after a possible road-rage incident led to the death of a New York City firefighter, law enforcement sources told ABC News. Faizal Coto, 33, of the New York Fire Department, was killed Sunday morning, police said. Coto’s car collided with the suspect’s silver Infiniti on the Belt Parkway just before 5 a.m. Sunday, police said. The cars pulled over and shortly after the suspect’s car took off. The victim was found on the ground next to his car, unconscious and unresponsive with trauma to his face and head, police said. Coto was pronounced dead at Coney Island Hospital. Surveillance video from that night showed Coto, a three-year FDNY employee, pulling his 2008 Ford Mustang over to the right shoulder of the road in the Bath Beach area of Brooklyn. Another vehicle then pulled up next to him. Coto was found on the side of the Belt Parkway in Brooklyn around 5 a.m., suffering from blunt force trauma to the head, police said. Joseph Desmond, the owner of the Infiniti involved in the incident, was arrested Monday by the U.S. Marshals in New Jersey, law enforcement sources told ABC News. No charges have been filed against Desmond, 29, in connection with Coto’s death, sources said, though Coto’s death was ruled a homicide, according to police. Authorities released images of the vehicle of interest, which they described as a gray or silver Infiniti G35. Desmond is being held in Middlesex County, New Jersey, on charges of being a fugitive from justice in New York, sources said. Meanwhile, firefighters gathered in Brooklyn Monday, donning protection gear and stiff salutes, to pay tribute to the fallen officer. Coto served in Brooklyn’s Coney Island neighborhood.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Utah city to honor slain Native American chief with monument

first_imgHARRISVILLE, Utah (AP) — A northern Utah city has announced plans to re-erect a monument to honor a Native American chief of the Northwestern Shoshone tribe who was killed more than 170 years ago. The Standard-Examiner reported that the city of Harrisville partnered with the Northwestern Band of the Shoshone Nation and the Weber County Heritage Foundation to dedicate the historical marker at the site where Chief Terikee was killed in 1850. There are conflicting reports of how and why the killing happened. But members of the partnership hope regional residents will be inspired to do more research about local history and think about it.last_img

Istanbul metro blast ’caused by bomb’

first_img“Metro services have been halted after a sound similar to an explosion was heard, its cause remains unknown,” the Istanbul city authority said in a statement.Turkey has been on high alert since since October, when more than 100 people were killed by two suicide bombers in Ankara. At least five people were injured when a pipe bomb exploded close to a metro station in Istanbul, according to the local mayor.There were earlier reports of casualties in the blast near the Bayrampasa metro station, in a residential area on the European side of Turkey’s largest city. But the mayor of the district, Atilla Aydiner, speaking to A Haber television, confirmed only five injuries. NTV television said six people were injured.The mayor said the bomb exploded on an overpass near the metro station at 5:15 p.m. local time.last_img read more

Thomas Mair found guilty of murdering Labour MP Jo Cox

first_imgThomas Mair was convicted of murdering Labour MP Jo Cox Wednesday.The Old Bailey jury deliberated for just over an hour before finding the 53-year-old man guilty on all charges, the BBC reported. The judge said Mair should serve a whole life sentence due to the “exceptional seriousness” of the offense.Mair’s defense counsel chose not to present evidence in court. He was also found guilty of having a firearm with intent, causing grievous bodily harm to passerby Bernard Kenny, 78, who tried to help Cox during the attack.The 41-year-old Labour MP and mother-of-two was shot and stabbed outside a constituency surgery near Birstall library in West Yorkshire on June 16, a week before Britain’s vote on leaving the European Union.According to one of Cox’s aides, who testified in court, Mair shouted “Britain first” as he carried out the attack.In a statement read out in court, the MP’s husband Brendan Cox told the Old Bailey that he was not there for “retribution” and felt “nothing but pity for” Mair. Cox’s parents and sister were also present in the court for the verdict.last_img read more

Joe Russo’s Almost Dead To Play Two Brooklyn Bowl Shows In January

first_imgJoe Russo’s Almost Dead have announced a two-night run at the Brooklyn Bowl, from January 23-24. JRAD is one of the premier Grateful Dead tribute bands performing today, lead by former Furthur and frequent Phil Lesh & Friends drummer, Joe Russo. The band also consists of Scott Metzger, Tom Hamilton, Dave Dreiwitz, and Marco Benevento.Tickets for each show will go on sale this Friday, October 17th, at noon. As The Brooklyn Bowl has limited ticketing capacity, don’t sleep on these tickets. You can find tickets on the Brooklyn Bowl page for each show on Friday, January 23rd and Saturday, January 24th.The performance is part of Freaks Ball XV, an annual event initiated by the group NYC Freaks, which typically focuses on jam and similarly-themed music. Last year’s Freaks Ball saw performances from Metzger’s band Wolf!, and “Stirrers,” a one-off supergroup trio with Eric Krasno, Joe Russo, and Neal Evans.last_img read more

See King Kong Stars Eric William Morris, Christiani Pitts & Erik Lochtefeld Prep Broadway Bow

first_imgKing Kong leading lady Christiani Pitts is all smiles. View Comments Related Shows The King Kong dream team assembles! Aerial and puppetry movement director Gavin Robins, Erik Lochtefeld, director/choreographer Drew McOnie, Christiani Pitts, Eric William Morris, songwriter Eddie Perfect and creature designer Sonny Tilders grab a group photo. King Kong Something huge is coming to the Great White Way! King Kong, the stage adaptation of the monstrous myth immortalized by the 1976 film, begins performances at the Broadway Theatre on October 5. The new musical’s stars Eric William Morris, Christiani Pitts and Erik Lochtefeld as well as its creative team members, including director and choreographer Drew McOnie, songwriter Eddie Perfect, creature designer Sonny Tilders and more, met the press at The St. Cloud Rooftop Bar at The Knickerbocker Hotel in New York City on the sunny morning of August 6. The story centers on an ambitious young actress and a maverick filmmaker as they voyage from the bustling streets of 1930s New York to an uncharted island to capture the greatest wonder the world has ever seen. Check out the photos, and gear up for this monster of a show to arrive on Broadway this fall! Show Closed This production ended its run on Aug. 18, 2019last_img read more

Congressional action preserves role and funds for VSAC

first_imgVermont Student Assistance Corporation,The spending bill released late Monday night that funds federal agencies through the end of the fiscal year includes a provision, advocated by Senator Patrick Leahy (D-Vermont), Senator Bernie Sanders (I-Vermont) and Representative Peter Welch (D-Vermont), requiring the US Department of Education to continue its contract with the Vermont Student Assistance Corp (VSAC) and other nonprofit student loan servicers nationwide.’ A provision in an earlier budget agreement, passed last month, could have affected Winooski-based VSAC by removing mandatory funding for the US Department of Education to contract with nonprofit student loan servicers.’  In December, Welch in the House, and Leahy and Sanders in the Senate, initiated a bipartisan effort in the Senate and House to clarify that the language included in that budget agreement did not reflect the intent of Congress to terminate existing nonprofit contracts with the Education Department. The Omnibus Appropriations Bill that is expected to come to votes in the House and Senate sometime this week includes discretionary funds to continue existing contracts with VSAC and other nonprofit servicers.’ Leahy, the most senior member of the Senate Appropriations Committee, which handled the Senate’s negotiations, led the effort in the work on the bill, on behalf of VSAC, with strong support from Sanders and Welch.’  Leahy said: ‘ ‘No student should be denied the opportunities of a college education because of her or his family’s financial resources. ‘ Nonprofit loan servicers like VSAC serve as instrumental partners in guiding Vermont students through the complexities of financing their college educations. I continue to hear from students and adult learners across our state that VSAC’s outreach counselors gave them the support system they needed to graduate. ‘ I am delighted we were able to make sure that the new spending bill will enable VSAC to continue to serve students in need.’’ Sanders said: ‘ ‘VSAC has successfully helped thousands of Vermont students and families manage the costs of college through counselling and financing.’  I am very pleased that our ongoing efforts to protect VSAC’s critical role in our state will allow it to continue doing the excellent and important work it has done so well over the years.’Welch said: ‘ ‘Preserving VSAC’s ability to make loans, and to continue to serve Vermonters, is a priority for the Vermont delegation.’  I am very pleased this bill also acknowledges what we know about VSAC and other non-profit lenders: they provide high quality customer service and efficiency at all points in the lending process.’’ ‘We at VSAC continue to be very grateful for the leadership and support that our delegation continues to provide,’ said Scott Giles, VSAC president and CEO. ‘ ‘VSAC is unique among state-based agencies because we provide, under one roof, a full range of services aimed at helping Vermonters navigate the complexity of educational choices and how to finance those plans, particularly for those who are low-income or the first in their family to continue on to postsecondary education.’The appropriations bill provision also requires the US Department of Education to issue a report detailing an evaluation process for determining the fair allocation of additional loans on a competitive basis to nonprofit lenders like VSAC and other, larger loan servicers.’  That report will be due by the end of March. ‘ ‘  WASHINGTON (January 14, 2014) ‘Congressional delegationlast_img read more