CCP Games buys back $20m in bonds, drops Legion trademark

    
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News is circulating in the EVE Online blogs and forum that developer CCP Games has just bought back $20 million in publicly traded bonds. The bonds were sold to the public back in 2013 and required the company to publish detailed financial accounts each year for investors to see. Now that the bonds have been bought back, CCP no longer has to report its financials publicly. The move has led to widespread speculation on exactly where CCP got the funds to buy back its bonds, though it may have simply found cheaper finance elsewhere. Adding fuel to the speculation is the fact that CCP has also recently removed its trademark on EVE Legion.

Blog The Nosy Gamer has put together a fascinating rundown of how the bonds came to exist and some speculation on what this move means for CCP as a company. The debt seems to originate from the time of the 2011 Monoclegate scandal, when CCP was pressed for cash and an $11.8 million US loan was due for repayment. The company managed to secure a long-term loan with Silicon Valley Bank to cover the repayment, and from then on it owed $20 million to that bank. A total of $20 million in bonds were then created in July 2012 and listed publicly on the Icelandic NASDAQ exchange the following year. The Nosy Gamer speculates that CCP may have a large new investor, perhaps due in part to its impressive focus on VR at EVE Fanfest 2015.

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Frankzy
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Frankzy

SallyBowls1 Krem Lateris Valkyrie is as much EVE-related IP you can get though…

AlexSmithWI
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AlexSmithWI

Carthoris manaek05 Thank you for keeping me strong in my fight to not buy a console.  I would probably only buy Destiney and Bloodborne on your list :D.

keysmachine
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keysmachine

manaek05 LMAO lemme guess Xbone all the way… frankly it doesn’t matter the simple fact is Dollar for Dollar PS4 is the better buy. It’s a more powerful system and it’s easier to program for which is why XBONE needs to keep up-sampling their games from 900p 

ON top of this who the fuck even cares about exclusives on either console its all a crock of shit. I can literally count on one hand the amount of exclusive games on each console. 

Each console releases the same games across platform. The the better way to look at the next gen consoles is do you want your games in 900p up-sampled to 1080p or do you want full native 1080p resolution. THE END.

Carthoris
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Carthoris

manaek05  “barely any games on PS4 that are actually good”

As someone who picked up a PS4 specifically for Bloodborne, this really shocked me when I found out. I picked up every game that sounded remotely good and signed up for PS+, all excited to see what console exclusives I’d been missing by focusing solely on PC.

Yeah – I have 5 games: MLBTS 15, Bloodborne, TLoU, Infamous SS, and Destiny. Everything else is either terrible or also on PC.

I don’t regret getting the console, but I finally understand how people who don’t game on a PC can get so excited about mediocre releases. When that’s all you get, it seems amazing.

manaek05
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manaek05

Dust 514 was dead on arrival. PS3 is obsolete platform, nobody gives a
damn about it anymore. Most people are moving on to PS4 as their main
gaming console. Those who still use PS3 either a)have no money to switch
to current gen console b)decided to switch to PC gaming and saving
money for that c)have it around to play PS3 classics. Since Dust 514 is
by no means a classic, or even a good game by itself – nobody gives a
damn. 
If CCP had any sense (which by this time is merely a rhetorical question – they don’t, and only survive by living on their former glory) – they would have released Dust 514 on PS4 and PC. Or at least – on PS4. Because even now, there are barely any games on PS4 that are actually good, and compared to the crap like Order 1886 – Dust 514 is actually a decent game. It has gameplay for once, and not just a bad attempt at tech demo stiched out of cutscenes, pointless exploration and shooting galleries designed to “showcase” a hardware that became obsolete before the consoles were even out. Then again – CCP cannot into logic. 
What they should do is to make EVE 2. As a separate project. Keep the sandbox elements, have a combat system like in Dreadnaught, direct control and all. Remove the skill training system, or rework it so that it wont take 20 years of real time to learn all the skills.

Crow God
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Crow God

Smiggins And they could have had one of a narrow number of urban fantasy MMOs if they actually kept with World of Darkness Online (and potentially beat WoW for the WoD initials).

Crow God
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Crow God

._. Please let it turn out they got they money by seeling White Wolf and its IPs to Onyx Path (though that would lead the question of “where did Onyx Path get that kind of money?”).

cald
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cald

wolfyseyes that looks pretty cool.

HanaOnderkova
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HanaOnderkova

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Lateris
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Lateris

Midgetsnowman One good idea for Dust514 was that a sniper could wear heavy armor and take some damage, but move slowly.