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Reader Comments (12)

Posted: Dec 5th 2008 12:44PM (Unverified) said

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Their response doesn't even address the rumor. We already knew they were short on cash. Don't breathe easier because they responded with nothing. Do some investigative reporting. Here's a hint: run some google searches on their executive leadership.

Posted: Dec 5th 2008 1:03PM jmerriex said

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Hmm... I've never taken Massively as an investigative media haven. They kind of collect and report on the news not deep dive into massive scandels. I also felt Cheyenne said what they could and did confirm the reports. They are having cash flow issues meaning they haven't been able to cover payroll.

Posted: Dec 5th 2008 1:25PM GreenArmadillo said

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I don't expect Massively to personally unearth evidence of whatever is going on, but it wouldn't hurt to at least put an informative headline on the boilerplate PR statement. The headline says that CME responded to the rumors of no pay, while, in fact, the supposed response ignores the rumors. Instead, they say that they're raising more funds and that they haven't yet canceled the game (the studio's only project).

Maybe you're right, and that's the only response the studio's PR people can give, but that isn't really cause to be "happy to report on an actual response".
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Posted: Dec 5th 2008 1:32PM wjowski said

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I see they're taking a page from the Brad McQuaid school of corporate leadership.

Posted: Dec 5th 2008 2:04PM Ripper McGee said

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Standard PR/Marketing/Management pablum used when things aren't going well. I truly hope they resolve their financial issues, especially in regards to taking care of their employees.

Posted: Dec 5th 2008 3:58PM (Unverified) said

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This is really an internal thing, but at least they haven't said "that's not true" and we come to find out it is. I doubt even if it is true, it's something they're doing hastily.

But, it doesn't bode well for a "complete and polished" product in an already saturated and less then forgiving market when money problems are plaguing the developer.

Posted: Dec 5th 2008 6:13PM (Unverified) said

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They really can't say any more than this if they want to attract additional investors. They won't try to hide things from the potential venture capitalists, but if public opinion of the company and the product start to slide, vc will be far more hesitant to want to be part of it.

Posted: Dec 5th 2008 5:50PM J Brad Hicks said

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I would also imagine that even if credit weren't being withdrawn from all kinds of startup businesses right now, this wouldn't be the best time for them to seek additional bridge financing. The later this project has slipped, the more it has prompted me to wonder: if the MMO comes out after the entire Stargate franchise has gone off the air, more than a month after the last ever episode of Stargate Atlantis, will anybody care? They're facing one of the same risks that The Matrix Online faced: they bet millions that people would still be hot for an intellectual property franchise by the time their game came out.

Posted: Dec 6th 2008 1:00PM Ayenn said

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Actual, the Stargate franchise is not closing down after the SGA series ends. SGA has at least one movie in development and a new SG series, Stargate Universe, will be hitting the HD waves in the spring.

You also underestimate the 18 to 22 million rabid SG fans. Even if only 1/10th of them subscribe and continue to play that is still around 2 million.
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Posted: Dec 5th 2008 6:28PM TheJackman said

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This does say it all:

"The new economic realities are forcing us to seek out additional sources of funding and that's what we're doing. "

In other words we need release this beta version of the game soon before we are broke! Sorry sounds like my dream game will turn into a bug nightmare like Age of Conan was, Sure as hell will not buy this on release day until I read some comments.

Posted: Dec 5th 2008 8:36PM (Unverified) said

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Thanks for at least extracting an official response from them. His response seems, at least in so far as any PR represetative would be willing, to substantiate the rumors.

Moreover, I'm worried that if they don't have enough capital to meet payroll and are looking for more VC investment to keep operating, then they will fold before the year is out, taking Stargate Worlds with them.

One of the byproducts of the current recession is the drying up of credit. Many of the companies that have defaulted in the last few months only did so because of the credit situation. Here's hoping things turn around for Cheyenne or that they get bought out by a larger developer.

Posted: Dec 5th 2008 7:40PM Minofan said

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Aww ; t'is an interesting, if confusing, game already.

However it is AGES from completion ( unless beta is miles behind their development state ), so this is not a good time for financial pressures.

Got to agree with InfamousBrad though ; it is a weird time for a Stargate MMO, particularly since as a brand it is already a league or two below Star Trek & Wars in public consciousness...

I hope it works out well for them.

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