Polish Video Game Maker CD Projekt Focuses on Fixing Cyberpunk 2077

CD Projekt is focusing on improving Cyberpunk 2077 and restoring the trust of players and partners disappointed with its flagship game. (Reuters)
CD Projekt is focusing on improving Cyberpunk 2077 and restoring the trust of players and partners disappointed with its flagship game. (Reuters)
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Polish Video Game Maker CD Projekt Focuses on Fixing Cyberpunk 2077

CD Projekt is focusing on improving Cyberpunk 2077 and restoring the trust of players and partners disappointed with its flagship game. (Reuters)
CD Projekt is focusing on improving Cyberpunk 2077 and restoring the trust of players and partners disappointed with its flagship game. (Reuters)

Polish video game maker CD Projekt is focusing on improving Cyberpunk 2077 and restoring the trust of players and partners disappointed with its flagship game, Puls Biznesu daily reported the group’s CEO as saying.

Shares in the company, one of Polish biggest, slumped at the end of last year amid complaints of glitches in the role-play game featuring Hollywood star Keanu Reeves. CD Projekt is now valued at 29 billion zlotys ($7.78 billion) compared to around 40 billion zlotys before the game’s December debut.

Sony pulled Cyberpunk 2077 from its PlayStation Store after just a week. Since then, the firm has been working on improvements.

“The long-term goal for us is regaining the trust of players and our business partners,” Adam Kicinski told Puls Biznesu in an interview published on Monday, adding that the group was aiming for the game to be back in Sony’s store as soon as possible.

Kicinski also said that CD Projekt was sticking with plans to publish its strategy in the first quarter.

“We have been…discussing the direction for the coming years, taking into account the experience from the past weeks, he was quoted as saying.

Kicinski said CD Project would “actively defend” against any legal claims related to problems with the game and had appointed a law firm to represent the company. The company has said in statements that it is facing class action lawsuits in the United States.

Many of the issues with the game were reported on Sony’s older PlayStation 4 and Microsoft’s Xbox One.

Commenting on the reasons for the shortcomings, Kicinski said that adapting Cyberpunk 2077 to the older-generation consoles was a bigger challenge than had been predicted.

“The COVID-19 pandemic resulted in most of the team working remotely, which did not make things easier either,” he said.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.