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Kira Novia
Posted - 2009.01.22 01:41:00 - [1]
 

I know ... there have been countless threads lately regarding Iceland and their current economic problems. It has been stated previously by the CCP developers that 'CCP is stable.'

Tonight, I was reading an interesting news article and read something that greatly disturbed me. I've quoted it below:

Quote:
"One year ago, Iceland was named the most desirable country in the world. Today, its economy has been devastated by the catastrophic collapse of its three largest banks. Unemployment rose 45% between November and December, and a recent survey indicated that 40% of households and 70% of businesses were technically bankrupt. Since the fall of the banks in October, there have been no resignations from the government, the boards of the now nationalized banks have remained substantially the same, and weekly gatherings calling for new elections have been ignored."


Source: {~the link~)

So is CCP one of the 30% who are alright or are they just hiding the truth from us - that our beloved EVE is on the verge of dying?

I'll be reading this thread through-out the next few days but my replies will be limited as I don't have access to the internet on a regular basis at the moment.

Marguerite Antiki
ANZAC ALLIANCE
IT Alliance
Posted - 2009.01.22 01:42:00 - [2]
 

Did 45% of the population rage quit recently ? ?

No ?

OK I think they are fine for another year.


Tiirae
The 5th Freedom
Wildly Inappropriate.
Posted - 2009.01.22 01:43:00 - [3]
 

Yes, Eve is dying.

Again.

That's the 3rd time this week!

Lochmar Fiendhiem
Caldari
International Multi-Player Consortium
Posted - 2009.01.22 01:43:00 - [4]
 

Icelandic (isk) value drops.

Majority of CCP's cash income comes from canadian, american and european dollars.


What do you think?



But seriously, someone posted a while ago basically stating just that.

OffBeaT
Caldari
Caldari Provisions
Posted - 2009.01.22 01:49:00 - [5]
 

Edited by: OffBeaT on 22/01/2009 01:48:55
well, with a country with free energy for the most part can recover easy enough from that..

umm... BuT if they cant well... Canada will take them..

YeP! bring eve to Canada! Very HappyVery Happy

Haakelen
Gallente
The Scope
Posted - 2009.01.22 01:58:00 - [6]
 

CCP is actually the 30% of business in Iceland that isn't defunct Please visit your user settings to re-enable images..

Zoey Rapture
Native Freshfood
Posted - 2009.01.22 02:15:00 - [7]
 

Originally by: Haakelen
CCP is actually the 30% of business in Iceland that isn't defunct Please visit your user settings to re-enable images..


This wouldn't surprise me at all.

Barbens
Uneducated Soldiers
Dragoons.
Posted - 2009.01.22 02:31:00 - [8]
 

Take EVE's active subscriptions, multiply it by 14.95 a month and you get a gross of what CCP makes in a month form EVE. Take out the taxes and other fees, and your left with well over $3m a month from this game. I dont think CCP spends $3m a month. Even at $2m they couldnt spend all of that. CCP will stay afloat.

Vabjekf
Posted - 2009.01.22 03:23:00 - [9]
 

they should spend that money on developing a transparent frictionless surface so their stupid fish tank camera lens stays clean.

Zeba
Minmatar
Honourable East India Trading Company
Posted - 2009.01.22 03:32:00 - [10]
 

Originally by: Barbens
Take EVE's active subscriptions, multiply it by 14.95 a month and you get a gross of what CCP makes in a month form EVE. Take out the taxes and other fees, and your left with well over $3m a month from this game. I dont think CCP spends $3m a month. Even at $2m they couldnt spend all of that. CCP will stay afloat.
Now add in gtc sales because you just know that the majority of them are not being used to resub an account. ugh

Warrio
Goonswarm Federation
Posted - 2009.01.22 03:35:00 - [11]
 

Originally by: Kira Novia
I know ... there have been countless threads lately regarding Iceland and their current economic problems. It has been stated previously by the CCP developers that 'CCP is stable.'

Tonight, I was reading an interesting news article and read something that greatly disturbed me. I've quoted it below:

Quote:
"One year ago, Iceland was named the most desirable country in the world. Today, its economy has been devastated by the catastrophic collapse of its three largest banks. Unemployment rose 45% between November and December, and a recent survey indicated that 40% of households and 70% of businesses were technically bankrupt. Since the fall of the banks in October, there have been no resignations from the government, the boards of the now nationalized banks have remained substantially the same, and weekly gatherings calling for new elections have been ignored."


Source: {~the link~)

So is CCP one of the 30% who are alright or are they just hiding the truth from us - that our beloved EVE is on the verge of dying?

I'll be reading this thread through-out the next few days but my replies will be limited as I don't have access to the internet on a regular basis at the moment.

A fair question however the key here is the foreign currency. If CCP were making grand pianos in Iceland for sale on the local market they would be proper ****ed. Since their revenue stream comes from over seas they are in a good position.

Besides, what better for online games than high unemployment?!?
(Disclaimer: I don't find economic hardship funny.)

Brea Lafail
Posted - 2009.01.22 03:37:00 - [12]
 

Originally by: Lochmar Fiendhiem
Icelandic (isk) value drops.

Majority of CCP's cash income comes from canadian, american and european dollars.


What do you think?



But seriously, someone posted a while ago basically stating just that.


As far a I know, they dont get canadian dollars. Atleast I'm paying american...

Kessiaan
Minmatar
Vagrants Inc
Posted - 2009.01.22 03:37:00 - [13]
 

Originally by: Zeba
Now add in gtc sales because you just know that the majority of them are not being used to resub an account. ugh


What are you talking about? Every GTC is used to resub an account.

Skye Aldaris
Suddenly Ninjas
Tear Extraction And Reclamation Service
Posted - 2009.01.22 03:40:00 - [14]
 

I think CCP will be fine.

They seem like a team that is close-knit enough to all agree for an all-around paycut if needed.

Zeba
Minmatar
Honourable East India Trading Company
Posted - 2009.01.22 03:40:00 - [15]
 

Edited by: Zeba on 22/01/2009 03:43:56

Originally by: Kessiaan
Originally by: Zeba
Now add in gtc sales because you just know that the majority of them are not being used to resub an account. ugh


What are you talking about? Every GTC is used to resub an account.
err right i'm drunk again. was reading one of the isk seller threads and got my wires crossed. was thinking that not all the people who buy them use them to resub. ugh

Jana Clant
New Dawn Corp
New Eden Research.
Posted - 2009.01.22 03:51:00 - [16]
 

Originally by: Lochmar Fiendhiem
[...]european dollars.


Neutral

Paracidic Infection
Native Freshfood
Posted - 2009.01.22 08:37:00 - [17]
 

Well i heard a rumor that would be nice if ccp could c/d.... but I heard they are pulling out of iceland, so what that means is the servers will go down to relocate them. I heard the move will drop the game for a week....

N'tek alar
Minmatar
Posted - 2009.01.22 08:39:00 - [18]
 

Edited by: N''tek alar on 22/01/2009 08:39:25
Originally by: Paracidic Infection
Well i heard a rumor that would be nice if ccp could c/d.... but I heard they are pulling out of iceland, so what that means is the servers will go down to relocate them. I heard the move will drop the game for a week....



No, They aren't, And no the servers wouldn't be relocated anyway as they aren't in iceland.

Also:
Originally by: Paracidic Infection
rumor


Ocih
Amarr
Space Mermaids
Posted - 2009.01.22 10:38:00 - [19]
 

Ghost training 'fixed' at a bad time hurt thier alt subs. They won't admit it but it's there in the tea leaves.

Die? No. All MMO's are in decline. There is simply no new blood coming in. We steal from this game, they still from that guy and that guy steals subs from us. There isn't much EvE can do about that. We are too old to bring in new blood. CCP could.. make a new game I suppose. Someone needs to. Not another cardboard cut out one either. Otherwise EvE will shrink up and die. Just because it's an MMO. Good bad or otherwise.

Cibo Seidensha
Amarr
Biotronics Inc.
The Initiative.
Posted - 2009.01.22 10:44:00 - [20]
 

The whole point of ghost training was, that those alts were NOT subbed...

Ocih
Amarr
Space Mermaids
Posted - 2009.01.22 10:48:00 - [21]
 

Originally by: Cibo Seidensha
The whole point of ghost training was, that those alts were NOT subbed...


I agree but instead of gaining 3 to 6 months a year in paid sub, they lost 12. Bad economy, left with additional cost options customers dropped the alt. The plan backfired.

Mecinia Lua
Galactic Express
Intrepid Crossing
Posted - 2009.01.22 10:59:00 - [22]
 

CCP is a multinational corp.

It has offices in England, United States, China in addition to Iceland.

It's hard to know how their Icelandic employees have been affected. It would depend on how easily they can change euros and dollars for krona.

However considering that all monies are paid in euro or dollars it is probably that the main company is well enough off. I'm sure they lost some money in the Icelandic bank failures but overall they are probably in good shape compared to most Icelanders.

Grishnarg
Republic Military School
Posted - 2009.01.22 11:12:00 - [23]
 

Originally by: Jana Clant
Originally by: Lochmar Fiendhiem
[...]european dollars.


Neutral


ROFL, I laughed at the simplicity of this post Laughing

Leaving Eve
Aliastra
Posted - 2009.01.22 11:13:00 - [24]
 

Originally by: Ocih
Originally by: Cibo Seidensha
The whole point of ghost training was, that those alts were NOT subbed...


I agree but instead of gaining 3 to 6 months a year in paid sub, they lost 12. Bad economy, left with additional cost options customers dropped the alt. The plan backfired.


CCP will never admit if they made a mistake. Ever.

Rawr Cristina
Caldari
Naqam
Posted - 2009.01.22 11:19:00 - [25]
 

Edited by: Rawr Cristina on 22/01/2009 11:19:05
Originally by: Zeba
Now add in gtc sales because you just know that the majority of them are not being used to resub an account. ugh


Silly Zeba. I see where you're coming from though. Razz

Verite Rendition
Caldari
F.R.E.E. Explorer
EVE Animal Control
Posted - 2009.01.22 11:21:00 - [26]
 

Originally by: Mecinia Lua
CCP is a multinational corp.

It has offices in England, United States, China in addition to Iceland.

It's hard to know how their Icelandic employees have been affected. It would depend on how easily they can change euros and dollars for krona.

However considering that all monies are paid in euro or dollars it is probably that the main company is well enough off. I'm sure they lost some money in the Icelandic bank failures but overall they are probably in good shape compared to most Icelanders.
This is going way off topic, but it bears mentioning that previously there were problems with converting USD and EUR to Krona, as the national banking system was basically restricting such conversion to keep the ISK from completely crashing. AFAIK CCP (along with others) *****ed, and the government relented. I haven't heard any stories as of late, so I can only assume that everything is once again flowing well in the CCP accounting department.

And although people do like to overestimate the importance of CCP to Iceland (<50mil USD/year in revenue, and that doesn't all come home) they are one of only a small number of non-seafood companies that are bringing money in to the country. Many of the Icelandic businesses are either banking (which went bust), local services (which are bust because no one has any money) or Iceland's historic seafood business. They're not nearly big enough to make the government bend to their will, but they're on the short-list of Icelandic multi-national companies that export something other than seafood, which is of great interest to the government.

Oh, and in case it hasn't been made clear, leaving Iceland was a threat that the government folded to. They let up on their restrictions against currency conversion (as mentioned above) which was the cause of CCP threatening to leave in the first place.

Alvomara
Caldari
Plasma Horsemen
Hand That Feeds
Posted - 2009.01.22 11:34:00 - [27]
 

This is something I just came across that may be of som intrest to readers:

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=11655007&ch=4226714&src=news

Navtiqes
GoonWaffe
SOLODRAKBANSOLODRAKBANSO
Posted - 2009.01.22 11:39:00 - [28]
 

Edited by: Navtiqes on 22/01/2009 11:40:50
If the OP didn't have the post history of an average member, I'd contribute his message to a Blizzard/SOE employee fearmongering.

CCP is fine because they deal with a sector that is not hit as significantly by the financial crisis AND because they're based on an international audience instead of only the icelandic population.

At worst they'll move out of the country to avoid any half-arsed regulations that might be imposed, at which point they're most likely to set up in London seeing as they've got offices there and it's closer to Iceland than their Atlanta branch.

Arimus Darkhart
Caldari
Sane Industries Inc.
Initiative Mercenaries
Posted - 2009.01.22 11:41:00 - [29]
 

Originally by: Paracidic Infection
Well i heard a rumor that would be nice if ccp could c/d.... but I heard they are pulling out of iceland, so what that means is the servers will go down to relocate them. I heard the move will drop the game for a week....


fail.

Servers are in London in one of the Telehouse data centres out towards/in the Docklands area. So even if CCP up sticks and move the servers won't...

Now as to how good Telehouse's books are at the moment god knows, but given the amount of customers I can't see them vanishing overni<<Carrier lost>>


Undertow Latheus
Posted - 2009.01.22 11:43:00 - [30]
 

250k subscribers, each paying 15$ a month...

3.75 million dollars a month... if they were going bankrupt i dont know where all that money would be going, especially for a relatively small company.


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