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CD Projekt will settle the Cyberpunk 2077 class action for US$1.85 million
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.