I assume that this revenue figure isn't accounting for the 30%(ish) cut of the platform holders so it's likely to be closer to 450K copies which isn't so bad for a AA game published by a 2nd tier company.
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505 Games parent Digital Bros. has published its Q1 earnings release
- Thread starter Shard Shinjuku
- Start date
They have to know their audience, most don't or don't care.
A Dev who makes strategy games and does a sponsored stream with Quill18 to 1000 viewers will see more return of investment than sponsoring a stream with the Ninja's/Shroud's or DrDisrespect's who will stream to 10.000 to 100.000 viewers. Maybe even more total number of sales from Quill18's streams because those who watch him, are interested in strategy games.
Epic paid €9.49mil, that's like 200k+ sales. I seriously doubt they missed out on 200k PC sales due to the timed exclusivity.
Personally as a ps4 player I was turned off by the various framerate issues. Which may have been patched by now, so I'm waiting for a deep discount since other games made it to the backlog.
On the money distribution between Remedy and 505/Digital Bros, it sounds like Remedy wont get their 45% cut until 505/Digital Bros has their investment (manufacturing, distribution and marketing) out of it. https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=911342&lang=en
That means Remedy definitely didn't yet make their money back. Before those deductions Remedy would've been in black. (or at least very near).
I did some quick basic math on page 2 (I'll link it below) which got me to Remedy's investment being €12.25mil to €22.25mil with at 45% them making €12.24mil, but didn't take those deductions for 505/Digital Bros into account. At this stage I don't see how Remedy will make their money back unless Microsoft and Sony pay a pretty penny to have the game on their services.
And they get zero income from EGS until the sales guarantee is over. Best thing to do would be to bury the EGS release and drum up the Marketing again when it rereleases on Steam and other PC Stores.
And hopefully a shiny PS5/Scarlett release with all extra bells and whistles.
Bumping this thread because it probably doesn't deserve it's own: Remedy will be publishing its full-year 2019 financial statements on 14 February 2020 at 9am
Should hopefully give us a better insight in how Control has done for them financially this year
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Playing Control now and damn, it is a pretty awesome game. The visuals are fucking outstanding.
New Numbers
I'll just bump this thread instead of making a new one, but Digital Bros released their numbers for half year ending December 31st (so July 1st 2019 through December 31st 2019): https://www.digitalbros.com/wp-cont...the-half-year-report-at-31-December-2019-.pdf
Some numbers for how their games performed:
Some numbers for how their games performed:
- Control brought in €23.9mil in revenue. Seeing how it brought in €17.7mil between July 1st and September 30th it made €6.2mil between October 1st and December 31st. We also know from earlier reporting (year ending June 30th 2019) that Epic paid €9.49mil for the Epic Game Store exclusivity, so Control's revenue as of December 31st 2019 is now at €33.39mil
- Bloodstained brought in €8.6mil in revenue. Seeing how it brought in €5.5mil between July 1st and September 30th it made €3.1mil between October 1st and December 31st
Can Shard Shinjuku threadmark this post? Folks might wander in here thinking the old numbers are current.
I hope Sony paid a good amount for Control (PSNow) because despite the performance issues it's a phenomenal game.
Control budget was estimated to be around €20-30 million, with 505 Games contributing with €7 million as well.
They will probably start making some profits in the coming months
Yeah, the Steam release should push the project past the break-even point, if it hasn't already crossed it by then.
I thought that it was revealed that the majority (if not all?) of those EGS deals were minimum revenue guarantees and not necessarily additional payments. Was that ever confirmed either way?
Edit: This article from a bit a go would imply that it is indeed a revenue guarantee, and not a lump sum additional payment of 9.49m
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Digital Bros' Consolidated and separate financial statements for the year ended 30 June 2019 (so before Control's release) simply states that the game had already generated €9.49mil in revenue by then, which is what Epic paid them for the exclusivity https://www.digitalbros.com/wp-cont...tements-for-the-year-ended-30-June-2019-1.pdf
Right, but it doesn't follow from there that the 9.49 is in ADDITION to the total stated revenue of
23.9, only that that latter is inclusive of the former. The point being, the EGS money allowed them to book that up front, but a developer really only realizes a net benefit from the deal if they otherwise wouldn't have naturally sold the amount of the revenue guarantee.
Digital Bros. received €9.49m from Epic before 30 June. That's a fact.
If it was a revenue guarantee, then it would mean that Epic would hold back the first €9.49m of royalties to Digital Bros., and only start sending them money afterward, which would increase Control's H2 2019 revenue for Epic, but not for Digital Bros. It's safe to say that €23.9m does not include a sum of €9.49m from Epic that Digital Bros. needed to return to Epic due to the earlier payout of that revenue guarantee. That makes no sense.
Why would they have to return it? it was a revenue guarantee TO Digital Bros , so they booked that initial lump sum up front, and then EGS would not have paid out any additional revenue to them until they met 9.49 worth of sales (less the Epic cut)
Didn't he make that comment months after the initial release? Not that many games that suddenly start selling well out of their launch window.
That's exactly my point. It would be stupid.
And since EGS wouldn't have paid out any additional money to Digital Bros., it can't be counted as revenue for them. And since the €23.9m only covers the current fiscal year (which started on July 1st), it means the €9.49m and the €23.9m should be added together. The total LTD revenue of Digital Bros. from Control is therefore €33.4m, and not only €23.9m.
I see now, ok. i was misinterpreting the timeframe of the original referenced report. Still worth reiterating though, that 9.49m is not new revenue that they would have realized outside of the EGS exclusivity agreement, since it's just pre-booked revenue that would have otherwise been reported the FY20 figures.