NCsoft and Nexon meet to discuss financial issues

    
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NCsoft and Nexon meet to discuss financial issues

Relations between NCsoft and Nexon are not exactly comfortable at the moment; you may remember that it’s been only a few months since NCsoft bought a large amount of Netmarble stock just to block any possible takeovers from Nexon. The most recent NCsoft shareholder’s meeting seems to imply both companies are stepping back from that degree of brinksmanship, however. Current NCsoft CEO Kim Taek-Jin extended his time in office up through 2018, a move that Nexon executives present at the meeting did not oppose.

Nexon’s representatives did question the purchase of Netmarble shares at a considerably higher price than they had been purchased in the past and Taek-Jin’s appointment of his wife and brother to high positions within the company. Taek-Jin defended the former as a necessity of buying into a valuable and growing company, while he pointed out that his wife’s appointment coincided with a growth in profits from the company’s American division after it had been suffering from a deficit. It’s unlikely that the fencing between the companies has concluded, but it appears to be at least on hold for the moment.

[Source: MMO Culture]

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rioinsignia
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rioinsignia

Evade2015 Ironwu Agreed.  Unfortunately the majority of them failed to realise this.  And still fail to do.  They expect that just a “rebranding” of the WoW formula could result in the same success that WoW received. Regardless of the fact that MMO players have been trying to tell these companies for the last 10 years that they’ll ultimately fail.
No doubt there’s still publishers out there wondering why crowdfunding has become so popular and how they can “cash in” on it.

rioinsignia
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rioinsignia

Vincynt
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Vincynt

VikkiV Pretty sure there’d be a fist fight at some point.  It’d be good tv!

wjowski
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wjowski

Skyewauker wjowski tearofsoul 
You make it sound like CoX is the only MMO NCSoft’s ever killed and buried.

syberghost
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syberghost

ManastuUtakata Evade2015 Damonvile in fact, when EA didn’t want to run Ultima Online anymore, they gave the original devs favorable terms to transfer it to their control instead of shutting it down. This is what happens when a game still has an active community and developers want to maintain it, except when NCSoft is involved.

SallyBowls1
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SallyBowls1

AdeptusEnginus No More Tears those are revenue numbers.  Profit and ROI is where HS really shines.  HS was a couple of dozen people and the game/server needs are much smaller.   You could probably make a dozen HS for what it took to make Wildstar.

WoW is much bigger than HS, but in many ways HS is a better product.

Feydakin
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Feydakin

Internal corporate bickering does not fill me with confidence…

ManastuUtakata
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ManastuUtakata

Evade2015 ManastuUtakata Damonvile 
Nonsense. UO and EQ are far older games, I don’t hear anyone wanting to kill them because they’re old enough to start thinking of their college options and career choices if they where human. While WildStar may arguably have more features than COH in game play, it lost most of it’s audience in relatively a short period largely due to quality issues and incompetent audience focusing, which never really happened to CoH.
So your assumption is mostly bunk. And suspiciously, this was the same same bunk that was trolled out on Massively-that-was when NCSoft first announced CoH’s foreclosure. Not sure why you are trolling it out now, as this is not the topic in discussion for this thread.
That said though, and getting back to the point of the discussion, I don’t hate NC for making this decision, I think they’re where entirely wrong and out of place to make it. /shrug

duane99
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duane99

AdeptusEnginus duane99  Well… before I deleted my own damn comment I was thinking back to an article from last summer and trying to find it where NCsoft was boasting it was going to be a Wow killer… I had flashbacks to another article where they boasted Aion was going to be a wow killer…  I do not know anything about Nexon or their products.  I used to follow NCsoft products but it seems like they always have stockpiles of customers to throw away for their next big projects

Leilonii
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Leilonii

ColdinT Leilonii I can’t decide what to put there!