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Thread: It's Been More Than Three Years, Please Pull the Plug

  1. #181
    Rift Chaser
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    Quote Originally Posted by Wolfexin View Post
    low tens means 20, 30. Not 50 and above. And considering where Trion was at that time there is no way Gamigo paid a lot of money for the company. Again Zornar trying to portray Trion as a successful company, trying to add numbers that are not there.
    There is nothing successful about taking money from Rift to invest in other games that die in the end. Just a wasted money. Instead of making a better Rift, they just killed it, and with it's money even didn't do anything good.

    If Trion was so successful and worth 50mil then Gamigo wouldn't just buy it and milk it. They would invest to keep the boat afloat. But just because they ain't doing ****, it means that they bought it max for 25-30mil, thus no need to invest, can just milk the games till they die. Anything more than 30mil, they wouldn't earn enough to get the money back by milking the games. They would need to invest
    Of course Gamigo would buy it just to milk it. That's what Gamigo DOES. If it had been a going concern capable of competing with the majors, Gamigo wouldn't have been the ones to buy it.

    Regardless, I think we can all agree that Trion wasted tons of money, badly mismanaged Rift, and went bankrupt as a result. And here we are. Obsessing about what could be done or what should have been done is a total waste of time and energy. Gamigo is going to do whatever they choose to do, and your opinions, mine and yours MEAN NOTHING.

  2. #182
    Champion of Telara
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    Quote Originally Posted by Wolfexin View Post
    low tens means 20, 30. Not 50 and above. And considering where Trion was at that time there is no way Gamigo paid a lot of money for the company.
    Low tens of millions is vague. The highest tens of millions is 99 million, the lowest would be 20, or maybe even 10, depending on how you think. The midpoint between 20 and 99 is about 59 so it could be that they considered that low is 20-59 million and high is 60 to 99 million.

    It seemed very suspicious that gamigo's required disclosure of the Trion purchase price was so vague. It was like they were trying to hide the actual price.

    Quote Originally Posted by Wolfexin View Post
    Trion was at that time there is no way Gamigo paid a lot of money for the company.
    A "lot of money" is relative.

    Gamigo this year paid $126 million mainly for Wizard101 plus up to another $84 million in earn outs if gross revenues meet certain targets.

    Paying as much as $59 million for Trion's 6 games (Rift, Trove, Defiance, Defiance 2050, Atlas Reactor and Acheage) in 2018 could be considered a great bargain relative to the Wizard101 purchase.

    Rift alone easily cost $100 million or more to develop over the years considering the 3 expansions and numerous updates.

    Quote Originally Posted by Wolfexin View Post
    Again Zornar trying to portray Trion as a successful company, trying to add numbers that are not there.
    Absolutely not. Trion had to sell their games because they went bankrupt. I have often talked about how Trion had many failures. They had a very expensive failure when they opened Rift in Asia, although their Asian partners may have suffered the bulk of those losses.


    Quote Originally Posted by Wolfexin View Post
    There is nothing successful about taking money from Rift to invest in other games that die in the end. Just a wasted money. Instead of making a better Rift, they just killed it, and with it's money even didn't do anything good.
    We really don't know if Rift profits went into other games or not.

    They may not have because Rift was not nearly as big a success as Trion expected, or needed to be able to maintain the frequent updates they had promised the players. Rift reportedly earned $100 million its first year but there were investors to pay back. It reportedly cost at least $50 million to develop prior to release. They had an advertising campaign to pay for and a big staff to keep the frequent updates coming.

    Quote Originally Posted by Wolfexin View Post
    If Trion was so successful and worth 50mil then Gamigo wouldn't just buy it and milk it. They would invest to keep the boat afloat. But just because they ain't doing ****, it means that they bought it max for 25-30mil, thus no need to invest, can just milk the games till they die. Anything more than 30mil, they wouldn't earn enough to get the money back by milking the games. They would need to invest

    That's mostly speculation and incorrect as far as gamigo not investing in Trion games. They launched Archeage Unchained. They are developing a mobile version of Trove.They launched Atlas Rogues, a spinoff of Atlas Reactor.

    Many players have speculated that gamigo mainly wanted Trove and Archeage. Under gamigo, those two games have earned much more than Rift but also got more updates than Rift.

    For 2021, a financial analysis expects the Trion games to bring in 33% of gamigo gaming revenue (Trove 13%, Archeage Unchained 13%, Archeage 4%, Rift 3%) with Wizard101 bringing in 25%.

    Gamigo paid $126 million for Wiazrd101 to get 25% of gaming revenues in 2021. They expect to get 33% of gaming revenues from the Trion games and paid, at most, $59 million for Trion. Based on those figures, Trion was the bigger bargain even at $59 million.

    If we only knew the actual purchase price for the Trion games we'd have a clearer idea of how big a financial success the Trion acquisition has been.

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