GOG is breaking off from CD PROJEKT with 100% of it now owned by one of the original co-founders, Michał Kiciński, who is a co-founder of both GOG and CD PROJEKT.
With this move, GOG will continue operating independently but there’s an agreement that’s been signed between CD PROJEKT and GOG for future cooperation including releasing games on GOG from CD PROJEKT RED. The purchase of GOG came at a cost of PLN 90.7 million and Kiciński continues holding their shares in CD PROJEKT too as co-founder but now owns 100% of the shares in GOG.
Well… This makes the tip jar less shitty?
I dunno. Considering the past few earnings reports were REALLY bleak, this reeks of do or die for the brand. And I’ve seen these kinds of situations play out as demonstrating value to sell to a new owner too many times.
Can someone who’s more well versed in business explain what this means? From my understanding, nothing really changes as the owners of both GOG and CD Projekt is the same dude. But I’m sure there must be a reason why this was done.
Michał Kiciński is not the owner of CD Projekt. He was a co-founder, but left the company in 2010, though he still owns shares in it.
Ah, okay now this makes more sense. I misread and thought he was the owner of CD Projekt, and he got his own company to sell GOG to himself. Thanks for the clarification!
Does this mean gog is under a private business now?
Whoa, this sounds like drama. Though over what, I don’t know. I didn’t know CDPR’s co-founder left awhile ago.
What’s going on there at CDPR, and why would GoG want to get out from under them?
Different businesses with different goals, no drama
That’s what I feel; CD Projekt is a bigger studio with more demands on it now than they were a decade ago, and GoG has grown and has different needs. Splitting them up and allowing them to operate independently is likely the best way forward for both of them.
