Massively http://massively.joystiq.com Massively http://www.blogsmithmedia.com/http://massively.joystiq.com/media/feedlogo.gif Massively http://massively.joystiq.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[EA puts faith in The Old Republic's lifespan and profits]]>http://massively.joystiq.com/2010/12/08/ea-puts-faith-in-the-old-republics-lifespan-and-profits/http://massively.joystiq.com/2010/12/08/ea-puts-faith-in-the-old-republics-lifespan-and-profits/http://massively.joystiq.com/2010/12/08/ea-puts-faith-in-the-old-republics-lifespan-and-profits/#commentsFiled under: , , ,

With all the cries of doom and gloom against Star Wars: The Old Republic -- not to mention accusations of a wildly bloated production budget -- one may be led to believe that TOR will fail even before it sees the light of day. EA, on the other hand, is expressing a calm confidence in the game's potential longevity and financial success.

According to Eurogamer, EA's CFO Eric Brown predicts that TOR will not only last over a decade, but will be profitable even if there are fewer than a million subscribers: "Our assumptions for break-even and profitability are not seven-digit subscribers. We think we can run and operate a very successful and profitable MMO at different levels. The key thing here is to really perfect the product. We're shooting for an extremely high quality game experience. We view this as a 10-year opportunity."

Brown previously admitted that TOR is the single largest project in the history of EA, and industry analysts have predicted that the title would need at least a million subscribers to break even.

MassivelyEA puts faith in The Old Republic's lifespan and profits originally appeared on Massively on Wed, 08 Dec 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budgetcfoeaelectronic-artseric-browneurogamerprofitstar-warsstar-wars-the-old-republicsubscribersten-yearsthe-old-republictorWed, 08 Dec 2010 09:00:00 EST<![CDATA[Turbine appoints new chief financial officer]]>http://massively.joystiq.com/2009/06/01/turbine-appoints-new-chief-financial-officer/http://massively.joystiq.com/2009/06/01/turbine-appoints-new-chief-financial-officer/http://massively.joystiq.com/2009/06/01/turbine-appoints-new-chief-financial-officer/#commentsFiled under: , , , ,

Let's take a break from all of the E3 crazy for a moment and bring it back down to Earth, as Turbine has announced today that they're putting a new man into the chief financial officer's seat.

Their choice for the position has been M. Beau Paradowski, an experienced 17 year financial veteran who has previously held the CFO chair for Optasite Inc. and Clearwire Technologies.

Paradowski is excited to step into his new position at Turbine, which will oversee all of the company's global financial operations and everything related to Turbine's three big IPs -- Lord of the Rings Online, Dungeons and Dragons Online, and Asheron's Call.

MassivelyTurbine appoints new chief financial officer originally appeared on Massively on Mon, 01 Jun 2009 04:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acannouncementasherons-callcfochief-financial-officerddodungeons-and-dragons-onlinelord-of-the-rings-onlinelotrommo-industrypress-releaseturbineturbine-entertainmentMon, 01 Jun 2009 04:00:00 EST<![CDATA[NCsoft West gets a new CEO]]>http://massively.joystiq.com/2009/05/15/ncsoft-west-gets-a-new-ceo/http://massively.joystiq.com/2009/05/15/ncsoft-west-gets-a-new-ceo/http://massively.joystiq.com/2009/05/15/ncsoft-west-gets-a-new-ceo/#commentsFiled under: ,


There's been another shift in the staffing over at NCsoft West. This time, former CEO Chris Chung will be moving aside to let Jaeho Lee take his place. Lee was the chief financial officer of NCsoft, and his appointment at NC West was made with the intention of improving the subsidiary's communication with home base in Korea. NCsoft's corporate PR director Jae Sung Lee gave a comment to Kotaku regarding the move:

"As part of the corporation's global strategy, global management grows increasingly important, and the need to work together across business units becomes paramount to our success. This personnel change increases our ability in each market to remain competitive."

Chris Chung hasn't been turfed out on to the front doorstep as a result of the move and will remain where he is at NCsoft West, albeit with a lesser job title.

MassivelyNCsoft West gets a new CEO originally appeared on Massively on Fri, 15 May 2009 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ceocfochief-executive-officerchief-financial-officerchris-chungjaeho-leenc-westncsoftncsoft-westncwestFri, 15 May 2009 10:00:00 EST<![CDATA[Funcom CFO resigns in wake of $23.3M loss]]>http://massively.joystiq.com/2009/02/23/funcom-cfo-resigns-in-wake-of-23-3m-loss/http://massively.joystiq.com/2009/02/23/funcom-cfo-resigns-in-wake-of-23-3m-loss/http://massively.joystiq.com/2009/02/23/funcom-cfo-resigns-in-wake-of-23-3m-loss/#commentsFiled under: , , , , ,


These are bad times all around in the massively multiplayer online game industry in terms of the economy. The troubles of some companies are still coming to light, as is the case with Funcom. James Lee from GamesIndustry.biz writes that Funcom has reported its Q4 2008 financial results with "an operating loss of USD 23.3 million, caused by a depreciation of USD 22.8 million due to the lagging performance of Age of Conan."

In addition, Funcom CFO Olav Sandes has given notice of his resignation. Sandes is not the first high level employee to quit in recent months, but all is not doom and gloom. Funcom's Q4 2008 subscription revenues from Age of Conan have shot up to USD 8.7 million, up from USD 1.2 million year-on-year, Lee reports. Funcom expects a Q1 2009 revenue of between USD 6 million and 8 million, largely comprised of subscription fees for Age of Conan. James Lee's GamesIndustry.biz article has further details on Funcom's financial situation.
Warhammer Online Coverage Having fun in Conan's homeland? Make sure to check out all of our previous Age of Conan coverage, and stick with Massively for more news from the Hyborian Age!

MassivelyFuncom CFO resigns in wake of $23.3M loss originally appeared on Massively on Mon, 23 Feb 2009 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>age-of-conanbusiness-modelscfoeconomyfantasyfinancefinancial-reportfuncomgamesindustry.bizjames-leemmo-industryolav-sandesresignationMon, 23 Feb 2009 11:00:00 EST<![CDATA[Chinese MMO distributor gains new Chief Financial Officer]]>http://massively.joystiq.com/2008/06/09/chinese-mmo-distributor-gains-new-chief-financial-officer/http://massively.joystiq.com/2008/06/09/chinese-mmo-distributor-gains-new-chief-financial-officer/http://massively.joystiq.com/2008/06/09/chinese-mmo-distributor-gains-new-chief-financial-officer/#commentsFiled under: , , , , ,

There's been a recent personnel change to China's leading distributor of online gaming. The9 Limited has recently appointed Mr. George Lai as Chief Financial Officer after the resignation of Mr. Tony Tse, due to personal and family reasons. Mr. Lai brings several years of experience to the table, having worked previously at Deloitte Touche Tohmatsu since 2000.

The9 Limited operates licensed MMORPGs for Chinese players, including World of Warcraft, Hellgate: London, Ragnarok Online 2, Huxley and many more. The9 Limited is also developing various proprietary games of their own including Warriors of Fate Online and Fantastic Melody Online.

MassivelyChinese MMO distributor gains new Chief Financial Officer originally appeared on Massively on Mon, 09 Jun 2008 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cfochinachinesedistributiondistributorthe9world-of-warcraftwowMon, 09 Jun 2008 15:30:00 EST<![CDATA[Cryptic Studios hires new suit]]>http://massively.joystiq.com/2008/02/23/cryptic-studios-hires-new-suit/http://massively.joystiq.com/2008/02/23/cryptic-studios-hires-new-suit/http://massively.joystiq.com/2008/02/23/cryptic-studios-hires-new-suit/#commentsFiled under: , ,


Another juicy bit of news floated our way from Cryptic Studios, following a week of non-stop juicy morsels. They've announced that they've hired Ed Roffman to take over the position of chief financial officer effective immediately. Roffman has a long history on the financial side of the industry, working with Activision for much of the 1980's and several smaller software companies since then. He should be a strong asset on the Cryptic executive team.

The hiring of a new CFO (a new position for the Los Gatos developer) is only further confirmation of Cryptic Studios' aspirations to become an independent development powerhouse. Champions Online will be the first title developed and published by Cryptic, so it's crucial that they have the appropriate financial oversight to really see this project all the way through. And with current speculation that they're also working on at least two other original titles as well, this need is only going to be amplified with time.

[Via Gamasutra]

MassivelyCryptic Studios hires new suit originally appeared on Massively on Sat, 23 Feb 2008 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activisionbusinesscfochampions-onlinechief-financial-officercocrypticcryptic-studiosed-roffmanSat, 23 Feb 2008 10:00:00 EST