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Cyberpunk 2077

01 Nov 2020

Cyberpunk 2077: CD Projekt Red Share Prices Falls 25%

Cyberpunk 2077 is without a doubt the most anticipated game of 2020.

The game started development way back in 2012, so an 8 year development cycle.

After numerous delays the release date was finally set in stone for November 19th, the game even went "gold", meaning it was now ready for manufacture and release.

But recently Cyberpunk 2077 has been pushed back another 3 weeks to December 10th.

This news then caused CD Projekt Red's share prices to begin plummeting.

The Delay

CD Projekt Red announced that Cyberpunk 2077 would be delayed by 21 days, making its new release date December 10th.

Cyberpunk 2077 Sport vehicle class
NEED FOR SPEED: Cyberpunk 2077 will feature a large variety of vehicles to get around the city.

In a social media post they broke the news to fans:

“Today, we’ve decided to move the release date of Cyberpunk 2077 by 21 days. The new release date is December 10th.

The biggest challenge for us right now is shopping the game on current-gen, next-gen, and PC at the same time, which requires us to prepare and test 9 versions of it while work from home. We’re aware it might seem unrealistic when someone says that 21 days can make any difference in such a massive and complex game, but they really do.

Some of you might also be wondering what these words mean in the light of us saying we achieved a gold master some time ago. Passing certification, or ‘going gold’, means the game is ready, can be completed, and has all the content in it. But it doesn’t mean we stop working on it and raising the quality bar. On the contrary, this is the time where many improvements are being made which will then be distributed via a Day 0 patch.

We feel we have an amazing game on our hands and are willing to make every decision, even the hardest ones, if it ultimately leads to you getting a video game you’ll fall in love with.”

cyberpunk 2077 delay tweet
AGAIN: Cyberpunk 2077 was delayed once again.

This news disappointed many players, but it is understandable considering they need to make 9 different builds of the game.

Hopefully this is the final delay and the game can finally be released this year.

Shares Price Plummets 25%

After the news broke of the delay, CD Projekt Red's share prices began to fall.

The companies market cap peaked in August at £7.4bn ($9.6bn) after the success of The Witcher Netflix show, as well as the overall success of The Witcher 3.

In August each share was worth £90 ($116.50), now the price has fallen to around £65 ($85).

This fall has also lowered the companies market cap by approximately £2bn.

£2bn being knocked off the companies value will be a big incentive to ensure Cyberpunk 2077 is released on December 10th.

Further delays would likely see an even larger decrease as shareholders lose confidence in the development studio.

However, once the game is released the price will likely skyrocket back to where it was before.