CD Projekt RED has turned into one of Europe’s most valuable assets, the most valuable game company.
CD Projekt RED is now Europe’s most valuable game company. Yes, this even means it’s surpassed the likes of Ubisoft. It isn’t a shock that the Poland-based developer is well-regarded, though. In layman’s terms, they’ve been churning out hit after hit. But, to coincide with The Witcher 3: Wild Hunt‘s fifth birthday, they’ve seen themselves with a market capitalization of $8.13 billion.
The news comes from VGC. The developer saw $6.8 billion in market capital by December of last year, per an article from Bloomberg. This value only continued to rise and in recent months it’s seen a giant leap.
While other industries with gaming branches have a higher value than the Polish developer, it’s to be expected when comparing them to – say – Microsoft or Sony. Those two are not only creating video games, but also consoles and other forms of technology. CD Projekt RED, on the other hand, is dedicated to the games industry.
They aren’t just a developer and publisher, though, they’re also the operator of GOG. Free to join, the service is akin to Steam; you purchase a game, download GOG’s client, and play through there. It often has games that Steam wouldn’t, games have gone past its physical expiration date or aren’t as supported as others.
A contributing factor to its bump is its library of projects. It isn’t common for a developer to make successful game after successful game. Many would tout 2015’s The Witcher 3: Wild Hunt, as the best game of the decade. Heck, it did take third place in PlayStation’s own game of the decade list earlier this year, even beating out the ever-growing GTA V, which took fourth.
Now, we’re here, awaiting the launch of – arguably – its next magnum opus, Cyberpunk 2077. Starring Keanu Reeves, it’s looking to be a good time with extensive customization options. Who knows what they have in store, but with its track record, we’re in for a treat.
Cyberpunk 2077 is eyeing a September 17, 2020 release date.
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