With A Major Focus On The Witcher 4, What's CD Projekt Red Crafting Next?
Portfolio Pulse from Franca Quarneti
CD Projekt ADR (OTC:OTGLY) is focusing on the development of 'Polaris,' unofficially known as The Witcher 4, with nearly half of their development staff involved. The team is expected to grow to over 400 by mid-2024. Other projects include 'Sirius,' a Witcher-based game with multiplayer elements, 'Canis Majoris,' another AAA Witcher RPG, and a Cyberpunk 2077 sequel 'Orion.' Additionally, CD Projekt Red is working on an original IP 'Hadar.' Despite technological advancements with Unreal Engine 5, the complexity of these projects may extend development beyond the anticipated three years. The company has also experienced three rounds of layoffs this year, leading to the creation of the Polish Gamedev Workers Union.
November 30, 2023 | 4:06 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
CD Projekt ADR is actively developing multiple games including The Witcher 4, with a significant portion of their staff dedicated to these projects. However, the company has faced layoffs and the creation of a workers union, which could impact productivity and investor sentiment.
The focus on multiple large-scale projects like The Witcher 4 and a Cyberpunk 2077 sequel indicates a strong product pipeline, which is generally positive for the company's future prospects. However, the recent layoffs and the formation of a workers union could lead to concerns about internal company stability and the potential for future labor disputes, which might offset some of the positive sentiment. The extended development timeline due to the complexity of the projects could also lead to investor impatience.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100