CD Projekt said last week that the class action proceedings filed in December 2020 against the regrettable state of the release of “Cyberpunk 2077” have been suspended because an out-of-court settlement is being finalized.Today, it announced a Reached an agreement, And assuming that the court agrees, the whole thing will disappear at a price of $1.85 million.
According to the terms of the settlement, all members of this category “waive all claims against the company and its management committee members.” CD Projekt also did not admit wrongdoing: on the contrary, it stated that it was reaching a settlement, because regardless of the outcome, the lawsuit may eventually cost more, and at the same time, “the general practice in the United States is to come to such a conclusion.” It filed an out-of-court settlement. Litigation”, this is a rather sad state of affairs in my opinion.
Even more striking is the relatively insignificant number of settlements. Although $1.85 million is nothing-I can definitely use it well-but for CD Projekt, it’s just a drop in the bucket. Driven by GOG’s “DRM-free” attitude, people have always thought that the company is a combative little guy, and it actually only produced a noteworthy game series-The Witcher.But in 2020, it will become the most valuable video game company in Europe, with a market valuation exceeding $8.1 billion, This number even exceeds that of the major multi-platform publisher Ubisoft.
Despite the performance issues and errors that led to litigation, Cyberpunk 2077 is also a huge moneymaker. After eight years of development time and marketing, it recovered all expenses and realized profitability by relying on pre-orders alone. It sold nearly 14 million copies in 2020 and helped drive a profit of US$303 million that year. I would say that $1.85 million to eliminate the deterioration of the law is absolute theft. (This is also lower than the $2.2 million that CD Projekt paid through its Cyberpunk 2077 refund program.)
The transaction has not yet been fully completed. A formal settlement document must be drafted and submitted to the court by January 13, 2022, after which the court must make a preliminary ruling on the transaction, must notify the class members, and then — finally — return to the court for final approval. The entire process is expected to take several months to end.