CD Projekt has confirmed that the upcoming Cyberpunk 2077 story expansion, Phantom Liberty, will be available to play during the invite-only Play Days event at Summer Game Fest. This news has led industry experts to assume that the title will also feature in the public-facing Summer Game Fest showcase on 8 June 2023.
During the recent earnings call update from CD Projekt, the company confirmed a number of franchise developments and also denied rumours of a potential Sony buyout. Despite recent speculation that Sony was looking to acquire CD Projekt, CD Projekt President and CEO Adam Kiciński dismissed these claims, stating that the company wanted to remain independent and had an “excellent strategy” in place for the future.
Financial Results and Future Plans
CD Projekt has reportedly re-evaluated some of its upcoming projects, including a Witcher spin-off known as “Project Sirius”. The game’s analysis allegedly led to major layoffs at developer The Molasses Flood, although the impact of these layoffs is yet to become clear.
Despite these challenges, CD Projekt remains positive about its growth for Q1 2023. Its latest financial results revealed a drop in total sales revenue year-on-year due to a lack of “major sales-boosting events” and a “decline in revenue with the CD Projekt Red segment’s steady portfolio of games”. However, the company managed to hit several major franchise milestones in this period, with The Witcher series reaching 75+ million copies sold worldwide and The Witcher 3: Wild Hunt totalling 50 million worldwide sales as of Q1 2023.
Looking to the future, the company is planning to continue its organic growth with new projects, including several Cyberpunk and Witcher spin-offs and sequels. These titles are expected to drive CD Projekt’s growth and expand its franchises even further.
CD Projekt’s confirmation of the Cyberpunk 2077 story expansion and dismissal of Sony buyout rumours has brought some clarity to the company’s future plans. Despite facing challenges with its upcoming projects and financial results, CD Projekt remains optimistic about its growth and expansion in the coming years.
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