Game Discussions Star Citizen Discussion Thread v12

Are we seeing the beginning of the end of the streamer bubble bursting? Had no idea it was universal, but its there and its real.

CIG may have also misunderstood the community's relationship to content creators: I guess we don't see them like game journalists, but rather just privileged backers from within our community.



I know I keep banging on abut this but what IP? It was covered in the KS so what extra IP was suddenly sold to and bought from the UK Company exactly and where did it supposedly come from?
Brand. Intangible assets. Hype around product. Customer awareness.
 

Viajero

Volunteer Moderator
All commercial companies are using tactics which favour new money over those who have already given them money.
It's business! CIG do it, FDEV do it, Apple do it, EA, Ubisoft, even CDPR do it !

It has been pointed out already by others but I think it is very relevant to stress the fact. Those other companies you add as example usually (and with perhaps a couple minor exceptions) have delivered the corresponding products for that old money, so they have all the right in the world to go after new money. CIG on the other hand has not delivered any game that old money has paid for starting 8 years ago. CIG has a fundamental obligation to deliver what they have sold to backers from time immemorial and for which they have received 350 USD million so far. Ignoring that and seeking that new money in order to continue developing what was promised to old money moves very closely to how a ponzi scheme behaves.
 
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It has been pointed out already by others but I think it is very relevant to stress the fact. Those other companies you add as example usually have delivered the corresponding products for that old money, so they have all the right in the world to go after new money. CIG on the other hand has not delivered any of the two games that old money has paid for starting 8 years ago. CIG has a fundamental obligation to deliver 2 products promised to backers from time immemorial and for which they have received 350 USD million so far. Ignoring that and seeking that new money in order to continue developing what was promised to old money moves very closely into pyramidal scheme thinking.

Furthermore, comparing CIG to EA is rather amusing, since EA won worst company in America two years running. Are CIG trying to compete here? Maybe they want that award!

Its similar to how the faithful say things like ED is rubbish, SC is better, so in a way simply saying in order to measure up to something, they have to compare against something rubbish :D

Now wait a minute. CI-G had released an ALPHA.
It may be not what we were promised, not even a game, but it is a released product.

Therefore, you should buy an Idris.

Yeah, but when i'm talking about a relesable product (vs a released one), i mean one they can slap a 1.0 label on it and it will not be completely shredding in the reviews. You can't go releasing a buggy mess like SC currently is... well, not unless you are prepared for the proverbial to hit the fan. But having said that, in theory, they can release it... they would just be mad to do so. As long as they can hide behind the shield of alpha....
 
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when i'm talking about a relesable product (vs a released one), i mean one they can slap a 1.0 label on it and it will not be completely shredding in the reviews. You can't go releasing a buggy mess like SC currently is... well, not unless you are prepared for the proverbial to hit the fan. But having said that, in theory, they can release it... they would just be mad to do so. As long as they can hide behind the shield of alpha....
No, you are talking about reviewable product.
If it is released, it is releasable. And CI-G had released an Alpha 1.0 several years ago. They look fine so far, $300m in 8 years and counting.


I, for one, don't have an issue with the product CI-G had released. I gave it the alpha version of the best damn pledge ever. It may be not up to their expectations, but this kind of pledge had never been done before, so it obviously requires time to complete.
 
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I, for one, don't have an issue with the product CI-G had released. I gave it the alpha version of the best damn pledge ever. It may be not up to their expectations, but this kind of pledge had never been done before, so it obviously requires time to complete.
Also, given what the backers actually say and what CI¬G have made them agree to in the EULA, it's not like the backers are actually owed anything that even remotely corresponds to those expectations. Just dump it on the market if the funding dries up and tell anyone who complains that this is what they signed up for. :ROFLMAO:
 
I know I keep banging on abut this but what IP? It was covered in the KS so what extra IP was suddenly sold to and bought from the UK Company exactly and where did it supposedly come from?
It was in an article from 2017, about the Coutts Loan, IIRC. It described how Chris Roberts had previously sold the IP rights to the Star Citizen Universe, and Squadron 42, to Cloud Imperium Games and Foundry 42 respectively, for several million dollars. It was one of the many things off about this whole project, which eventually led to me seeking a refund. In most Kickstarters that fail as spectacularly as this one has, the person behind the project often goes bankrupt in their attempts to make good on their promises. Star Citizen is perhaps unique, in that the person behind the project has personally made millions, while still utterly failing at fulfilling their promises.

I did a quick Google search, but have been unable to find that article, though. If anyone happens to remember that article and has a link, kindly provide a link.
 
did a quick Google search, but have been unable to find that article, though. If anyone happens to remember that article and has a link, kindly provide a link.

You can read the details of the charge at Companies House.

It seems they used 'The Game' as collateral. (Presumably SQ42, as the deal was with Foundry 42). The IP rights, the assets etc. Hell, even the computers and desks on site if I’m reading that right.


Oh right the original IP sale. Yeah haven’t seen that, I’d be interested too 😄
 
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It was in an article from 2017, about the Coutts Loan, IIRC. It described how Chris Roberts had previously sold the IP rights to the Star Citizen Universe, and Squadron 42, to Cloud Imperium Games and Foundry 42 respectively, for several million dollars. It was one of the many things off about this whole project, which eventually led to me seeking a refund. In most Kickstarters that fail as spectacularly as this one has, the person behind the project often goes bankrupt in their attempts to make good on their promises. Star Citizen is perhaps unique, in that the person behind the project has personally made millions, while still utterly failing at fulfilling their promises.

I did a quick Google search, but have been unable to find that article, though. If anyone happens to remember that article and has a link, kindly provide a link.
I'm guessing a certain "Warlord" may have that information contained in a mammoth blog on his website.
Well what do you know...

Edit: it's on this page...http://dereksmart.com/2017/06/star-citizen-final-countdown/

Excerpt...
Aside from that, these loans – especially this second one – ensure that if they were to default, or the company goes bust, all the secured assets (IP rights, assets including art, music etc, hardware, office equipment, as well as tax credits, third-party agreements etc) related to the project, all belong to the bank being first in line. Backers and investors stand to lose everything.
 
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It was in an article from 2017, about the Coutts Loan, IIRC. It described how Chris Roberts had previously sold the IP rights to the Star Citizen Universe, and Squadron 42, to Cloud Imperium Games and Foundry 42 respectively, for several million dollars. It was one of the many things off about this whole project, which eventually led to me seeking a refund. In most Kickstarters that fail as spectacularly as this one has, the person behind the project often goes bankrupt in their attempts to make good on their promises. Star Citizen is perhaps unique, in that the person behind the project has personally made millions, while still utterly failing at fulfilling their promises.

I did a quick Google search, but have been unable to find that article, though. If anyone happens to remember that article and has a link, kindly provide a link.
Star Citizen's favourite boogieman, Derek Smart, wrote about it here:

This is a developing story. In the meantime, below are some third-party comments and analysis about the filing from the Goon numbers guys.

Consolidated
This year they filed their consolidated accounts. This means that rather than being just that company, the set of accounts is consolidated to include all the subsidiaries. Any transactions between subsidiaries/parent are cancelled out.
Intellectual Property
The accounts preparation improves year on year as errors get picked up. I’ve pointed out the IP issue before and it’s now apparent what happened here.
On the 1st of July 2015 CIG UK paid £1,359,185 for Intellectual Property. This isn’t entirely clear but the suggestion would be that this was for the worldwide rights to Squadron 42. The sale of intangibles for £654,612 was the US rights of Squadron 42 being sold to Cloud Imperium Games Inc. Because of apparent errors in earlier sets of accounts we can’t be sure where that £1.36m actually went to, it could quite easily be to Chris Roberts himself, or a personal services company that is essentially himself.
Fixed Assets
These are actually broken down for the first time since they filed consolidated accounts. In the UK they’ve spent a little over £1m on computer equipment to December 2016. £400k on Fixtures and fittings. £300k improving the leased premises.

Goodwill
This is an accountancy term that represents the extra cash paid for an asset. If a company has a value of £34,851 and you pay £440,000 then in your company’s set of accounts this is recorded as an investment of £440,000. In your consolidated group accounts however, you include the activities of the subsidiary. Because of this, you do not include that investment of £440,000. You reverse it out through a set of journals which includes the value of the assets at £34,851 and the goodwill figure of £405,149. The goodwill is then amortised (written off) over, in this example, a five year period.
As you have no doubt guessed, these are the actual figures for Cloud Imperium Games Ltd’s purchase of Foundry 42 Ltd from Erin Roberts et al.
 
No, you are talking about reviewable product.
If it is released, it is releasable. And CI-G had released an Alpha 1.0 several years ago. They look fine so far, $300m in 8 years and counting.


I, for one, don't have an issue with the product CI-G had released. I gave it the alpha version of the best damn pledge ever. It may be not up to their expectations, but this kind of pledge had never been done before, so it obviously requires time to complete.

Yes, another way of putting it would be calling it a reviewable product.
 

Someone on SA just pointed out, after they release the new roadmap (presuming it is before the end of the year) the new year traditionally starting with several weeks of "planning week" where they throw out all the old plans and make new plans.

So the new roadmap will be irrelevant the moment it is released. :D
 
Oh, finally a backer catches on...


nah

 
The customers have been misled. CI or whatever front thry use to avoid liabilities have delivered defective product or im case of Sq42 completely failed to deliver any product.
They even fail at pulling a roadmap from Tyler Nitpick's rear.

I haven't given CI a single cent of my hard-earned money, nor am I inclined to do so. Their consistent, blatant disregard of backers, coupled with their heavy-handed attempts to obfuscate what is really going on, have made sure of that.

"Most open development ever." My furry backside. Fleecing customers is one thing, and disgusting enough when taking it to the extremes CI stoops to, calling it a "pledge" takes it to an entirely new level. You could argue that anybody willing to throw thousands of dollars at a dream (which SC is, right now, it is a dream, certainly not a complete game, nor likely to be for several more years) takes his or her risk, but seriously: this does not make it any better. Taking advantage of people is never OK. Problem is, the ones that really got this gravy train rolling are the ones who've grown fat on the proceeds (well, fatter. I'm fighting overweight myself, so don't take that as a dig at people with weight problems...).

The makers of Cyberpunk 2077 get lambasted over a delay. I personally fail to see why that is worthy of a temper tantrum, 'cause a) no money has changed hands yet; the publishers stand to lose money, NOT the prospective customers, and b) those evil, evil, EVIL publishers (sorry, couldn't resist) seem to be thinking that selling software that actually WORKS is preferable to first dropping a hot, steaming turd into the laps of their customers, then harping at them to at the very least taste a spoonful, if not to push the entire affair into their mouths, while constantly trying to convince them it's the finest chocolate pudding...

Anybody comparing CI and the publishers of Cyberpunk is muddying the waters, and cannot be taken seriously. Either they are trying so hard to convince themselves that they honestly cannot see the difference, which invites pity, or they deliberately ignore the evidence, and that invites contempt. Tertium non datur -- there is no third.
 
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