SOE to own VG - Sigil fires employees - Page 2

Laerazi · 05-14-2007, 08:57 PM

That's sad regarding the employees, but I'm glad the game will be in good hands now (or more capable hands, at least). Well, actually, I don't care much about the game right now, but if somehow it's resurrected it could be fun...

This really finalizes the black mark on Brad.

QforQ · 05-14-2007, 08:58 PM

Yeah I would like to wish all the employees that *might be fired* good luck and I hope they find work quickly. I bet they will, since there seem to be a lot of companies just starting or that are working on new MMOs.

Good luck!

Believe · 05-14-2007, 08:58 PM

Quote:

Originally Posted by Wolfen

It's time for the final scene where Brad is seen in his brand new Ferrari while driving into the sunset laughing his ass off.

Seriously.

Sad that the people paying for this failure of the game are the people not really responsible for it sucking so bad. And the people who are responsible probably got a nice fat check, or atleast will get a new high paying job in SoE.

Mkopec1 · 05-14-2007, 08:59 PM

Quote:

Originally Posted by Wolfen

It's time for the final scene where Brad is seen in his brand new Ferrari while driving into the sunset laughing his ass off.

I doubt it. Since he has to answer to the investors about that, you know...30 mill?

Wolfen · 05-14-2007, 09:01 PM

Quote:

Originally Posted by Mkopec1

I doubt it. Since he has to answer to the investors about that, you know...30 mill?

If so, then I hope he's polishing nobs in dark ally's to pay for it.

Believe · 05-14-2007, 09:01 PM

Quote:

Originally Posted by Mkopec1

I doubt it. Since he has to answer to the investors about that, you know...30 mill?

Eh, I doubt he's personally responsible for the 30 million in investments.

redjunkopera · 05-14-2007, 09:02 PM

I bet he was a big part of those investors, and probably made out nicely.

QforQ · 05-14-2007, 09:02 PM

Quote:

Originally Posted by Mkopec1

I doubt it. Since he has to answer to the investors about that, you know...30 mill?

More than likely that 30 million is being paid off by SOE who is buying the game.

QforQ · 05-14-2007, 09:03 PM

Quote:

Originally Posted by redjunkopera

I bet he was a big part of those investors, and probably made out nicely.

I heard that Brad invested a decent chunk of change into the game...wouldnt surprise me if what you say is true.

Mkopec1 · 05-14-2007, 09:05 PM

Lol, you actually think SoE paid 30 mill forthis heap? I doubt it. And if they did, then they deserve to be suckers.

Requiem · 05-14-2007, 09:08 PM

I wouldn't be too surprised if they did pay whatever debt Vanguard has worked up.

QforQ · 05-14-2007, 09:08 PM

Quote:

Originally Posted by Mkopec1

Lol, you actually think SoE paid 30 mill forthis heap? I doubt it. And if they did, then they deserve to be suckers.

If you listen to the Virgin Worlds podcast from about a week ago Brent answers this question from his own experience with buyouts/mergers. And Yes, I do think that the debt is being paid off by SOE. They will want to keep this game as it's one of their biggest station pass games(meaning a lot of people play it that have station access) and they could make it quite profitable over the coming years.

Witoubo · 05-14-2007, 09:08 PM

From what I understand Sigil (with SoE backing) got to buy VG from Microsoft on the super cheap. Microsoft was done with it and wrote it off as a loss, so a large percentage of development costs up to that point ended up on Microsoft's balance sheet.

I'd say the current events are all part of whatever contract Sigil and SoE entered into during that purchase.

woqqqa · 05-14-2007, 09:09 PM

Quote:

Originally Posted by Nairbog

First person to express content over this (if it's true) gets my personal "asshole of the year" award. This is pretty depressing news, whether or not you're a fan of VG. Eomer said it best.

It's not depressing, it's mixed. On the one hand, I can sympathize with the fired Sigil employees, on the other hand, I'm very glad McQuaid and Butler didn't managed to foist a crap game on the gaming public then paper it over with hype. I can only hope those two took a personal financial hit from its failure, and that McQuaid never gets within 10 miles of another project ever again. Best of luck to the Sigil employees as they look for other jobs in the industry.

Wilf McQuade · 05-14-2007, 09:10 PM

Quote:

Originally Posted by QforQ

I heard that Brad invested a decent chunk of change into the game...wouldnt surprise me if what you say is true.

How the hell would he make out nicely?

So the game costs 30 mil to make and Brad sinks in some cash, his reputation and suddenly you think SoE ate the shares up at a profit for a failing product? Think about it for a minute first next time.

05-14-2007, 08:58 PM	#17 (permalink)
QforQ Registered User Join Date: Aug 2006 Location: Boston Posts: 519 +1 Internets	Yeah I would like to wish all the employees that might be fired good luck and I hope they find work quickly. I bet they will, since there seem to be a lot of companies just starting or that are working on new MMOs. Good luck! __________________

05-14-2007, 09:05 PM	#25 (permalink)
Mkopec1 Registered User Join Date: Jul 2002 Location: Detroit Posts: 5,221	Lol, you actually think SoE paid 30 mill forthis heap? I doubt it. And if they did, then they deserve to be suckers. __________________ When I am working on a problem I never think about beauty. I only think about how to solve the problem. But when I have finished, if the solution is not beautiful, I know it is wrong.

05-14-2007, 09:08 PM	#26 (permalink)
Requiem Site Administrator Join Date: Jan 2002 Location: Portland, OR Posts: 1,259 +109 Internets	I wouldn't be too surprised if they did pay whatever debt Vanguard has worked up. __________________ Requiem Alloria Mistweave Uberguilds.org, fohguild.org Site Administrator requiem@fohguild.org

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05-14-2007, 08:57 PM	#16 (permalink)
Laerazi Registered User Join Date: Nov 2004 Location: Earth Posts: 1,284 -1 Internets	That's sad regarding the employees, but I'm glad the game will be in good hands now (or more capable hands, at least). Well, actually, I don't care much about the game right now, but if somehow it's resurrected it could be fun... This really finalizes the black mark on Brad.

05-14-2007, 09:02 PM	#22 (permalink)
redjunkopera Defenately Rediculus Join Date: Aug 2005 Posts: 597 +0 Internets	I bet he was a big part of those investors, and probably made out nicely.

05-14-2007, 09:08 PM	#28 (permalink)
Witoubo Registered User Join Date: Nov 2003 Location: Los Angeles Posts: 355 -3 Internets	From what I understand Sigil (with SoE backing) got to buy VG from Microsoft on the super cheap. Microsoft was done with it and wrote it off as a loss, so a large percentage of development costs up to that point ended up on Microsoft's balance sheet. I'd say the current events are all part of whatever contract Sigil and SoE entered into during that purchase.