/CD Project responds to an investor lawsuit

CD Project responds to an investor lawsuit

2020 was a highly anticipated year for the video game industry. There was a hype of the next generation of video game platforms that launched in 2020 along with several video game titles that were scattered throughout the calendar year. Unfortunately, none of us could have guessed that 2020 would be a fairly eventful year. None of us will forget the outbreak of the coronavirus health epidemic. It is the cause of so many changes in our daily lives.

The epidemic was seen in multiple video game development studios with the impact of killing everyone around the world as they closed their offices and relocated their staff to work remotely. As you can guess, several video game titles were delayed until 2020 and now it may be ready for a launch in 2021. However, both the PlayStation 5 and the Xbox series X / S have found successful releases on the market. It was also met with another anticipated video game title expected to launch in 2020.

CD Project Red is a well-known video game development studio. These are the people behind the iconic RPG trilogy, The Witcher. Similarly, the studios hyped up their latest video game release, Cyberpunk 2077, for several years. Eventually it was delayed several times throughout 2020, but the studio was confident that the launch would take place before 2021.

The game saw a release in the Marketplace on December 10, 2020, but it did not meet with a warm reception. On next-generation platforms, for PCs and even last-generation consoles like the PlayStation 4 Pro or Xbox One X, there wasn’t much to complain about. This is of course in terms of playing ability. All platforms suffer from bugs, but the base console for the PlayStation 4 and Xbox One isn’t really play-by-play. With weak FPS drops and bugs the game looks very different than advertised, this launch fiasco is still being differentiated. We have seen returns for both physical and digital copies as investors have lost money since the rocky launch.

Looks like someone sued CD Project Red over investor losses and looks like CD Project Red is ready to fight back. This is probably just the beginning of a lawsuit against the studio that CD Project Red will have to fight. According to a Bloomberg report, CD Project Red said they would strictly defend themselves against any such claims.

Source: Bloomberg