• Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
  • We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Status
Not open for further replies.

Deleted member 24417

User requested account closure
Banned
Oct 29, 2017
484
With FFVIII Remastered, Collection of Mana, & Grandia HD Collection, Sony should follow suit and remaster or just port some of their PS1 JRPGs too.

Specifically The Legend of Dragoon, Wild Arms, Legend of Legaia, & Arc the Lad.

alundra_jpg_300x300_q85.jpg
 

MilesQ

Member
Oct 25, 2017
5,490
Maybe they know that they will have a limited role in the company after an acquisition takes place, so they basically want to cash out while they still can.

Nah. If Sony were planning a move, it'd make more sense to wait.

They took advantage of a stock price bump. We might see them sell more if/when Control becomes a huge seller.
 

MilesQ

Member
Oct 25, 2017
5,490
HS ASKED Tero Virtala, CEO of Remedy. Did you sell a relatively large amount of Remedy shares with Mäki after you had published a lot of stuff? "We hadn't sold any shares in two years. The idea was that now the sales window is open after the half-yearly review. "

"Everyone has seen a good reception for the new game, but now we don't have a complete idea of what pre-orders are. We have certain views on selected markets and we wanted to say it openly. "

Wouldn't it have been a good opportunity to sell right after the half-yearly review when you were telling us about the company?

"Our trading volume is not big. There was a perception that this week there was a willingness to buy the quantities that are being sold, so it was now put up for sale

. And you didn't sell the shares until after?

"We have a PR campaign all the time. It started as early as mid-June, after which we have visited our international media office. "

Should you have waited now for stock sales until the game was released?

"The game will be released on Tuesday, and once the majority of sales are on digital channels, then we will have a clear view of what sales are and what can be anticipated. We felt that it was no longer a good time to sell. "

Are investors now drawing conclusions from your sales?

"That's what I can't say. I still hold 95% of my Remedy ownership, Markus is probably 96%. "

Remedy's share fell nearly seven percent on Friday afternoon.
 

Juan29.Zapata

Member
Oct 25, 2017
2,354
Colombia
Thread worthy?


The owners of Remedy sold a large amount of their stock. I'm unsure what all this mean -

I say this as someone who has no idea about businesses, but wouldn't the stocks be more expensive if Sony offered a buy out? Like, they'd be losing potential money with this move if Sony made an offer.

EDIT: Hell, if anything they are anticipating the game bombing, and thus tanking the value of the shares, so they're actually getting ahead of it. They say they don't know how pre-orders are going, but they probably have some kind of picture of how it's gonna go.
 

MilesQ

Member
Oct 25, 2017
5,490
I say this as someone who has no idea about businesses, but wouldn't the stocks be more expensive if Sony offered a buy out? Like, they'd be losing potential money with this move if Sony made an offer.

EDIT: Hell, if anything they are anticipating the game bombing, and thus tanking the value of the shares, so they're actually getting ahead of it. They say they don't know how pre-orders are going, but they probably have some kind of picture of how it's gonna go.

Doesn't really read like they are concerned about advance estimates/pre order numbers,

Then, Virtala admits that he already knows how the game has been received in advance estimates and pre-sold in selected markets.

"Now let's just say we have a positive, enthusiastic atmosphere."

Much more cannot be disclosed by the CEO of a listed company.
 

poklane

Member
Oct 25, 2017
27,947
the Netherlands
I'm not sure if I'd call selling 170,000 shares out of 12,072,150 "a lot". Stock price was way higher than usual, might as well make some money by selling some. All in all those 170,000 shares is just a little over 1.4% of all outstanding shares.
 

Johannes

Member
Oct 28, 2017
560
I'm not sure if I'd call selling 170,000 shares out of 12,072,150 "a lot". Stock price was way higher than usual, might as well make some money by selling some. All in all those 170,000 shares is just a little over 1.4% of all outstanding shares.
Exactly. That thread is going to be filled with hot takes considering the current title and zero information given by the OP.
 

MilesQ

Member
Oct 25, 2017
5,490
Some meat for y'all to chew on, it might also explain why Shu visited them when he was in town...

Our third unannounced game project as well as the Vanguard project have
progressed further with small early phase teams. The focus has been on game
design, starting the development of the well understood parts of the games,
prototyping the new and still uncertain areas, and building the teams further
with both internal moves and recruitment. Early negotiations with potential
business partners have also started, and as we are in a financially strong
position and want to retain stronger business control of our games, we are not
in a hurry to sign business partnerships for our new games.


Sony loves to own the IP it funds, but it seems Remedy is adamant about holding onto their IP, I don't blame them after AW and QB.
 

Johannes

Member
Oct 28, 2017
560

Turkoop

Member
Oct 25, 2017
7,655
Cologne, GERMANY
I'm not sure if Sony is interested to buy Remedy. Pretty sure their next game will be ps5 exclusive. Maybe Sony is interested to make a franchise out of Control, that's maybe why Shu visited them.

And maybe Sony is looking to buy Illfonic. Maybe they will wait and see how Predator will be doing. If it's a great success, i can imagine an acquisition.
 

DeathyG

Member
Oct 27, 2017
3,890
NW Indiana
Just a thought: Remedy's games always seem fly under the radar, even when they were partnered up with MS.

Wouldn't be the case if they were part of WWS and had that Sony marketing behind them.
 

nolifebr

Banned
Sep 1, 2018
11,465
Curitiba/BR
Although all the clues say it could happen (and it would be an great addition to Sony) I believe Sony don't want to try to buy a public company like Remedy. Remedy would be a much more complicated company to get a contract to buy than Insomniac for example.
 

F4r0_Atak

Member
Oct 31, 2017
5,517
Home
after Remedy

Sony please take BluePoint... I am a simple man that is all I ask

BluePoint is the anchor for your old IPs
Sure, but... they wanted to also create new IPs if given the opportunity.
That Sony acquired remedy thread gonna make me so mad I see it now lol
Don't need to be sad if they acquire Ready At Dawn too! Right Sanji?! 😏😉
This makes the most sense. Especially given the Quantum Break development issues. I'd imagine you'd actually want to work with the studio in a more intimate way than just financing marketing before you made an acquisition decision. At the same time though following the split from Microsoft, Remedy did say they wanted to be multi platform.
For their next game (which turned out to be Control), no? 🤔
 
Last edited:

Kyle Barrett

Banned
Mar 5, 2018
125
Just a thought: Remedy's games always seem fly under the radar, even when they were partnered up with MS.

Wouldn't be the case if they were part of WWS and had that Sony marketing behind them.

I'm so inclined to believe that just like the opposite of last gen, marketing has next to nothing to do with it. It's just whoever is the console market leader.

As the waters muddy on what constitutes a 'console war' next generation (that's to say with increasing streaming/subscription services that are platform agnostic) it might become even less relevant.
 

Karamina

Member
Apr 10, 2018
78
Why do people think IO would be a good buy, the Hitman games aren't selling like bonkers.
it does not matter if they do not sell 10 million games. They have incredible knowledge of Level Design and are Danish, Sony is looking for a European studio (we all know they like Remedy and Housemarque), so why not ? for me Sony and IO are 100% compatible
 
Oct 25, 2017
9,205
I'm not sure if Sony is interested to buy Remedy. Pretty sure their next game will be ps5 exclusive. Maybe Sony is interested to make a franchise out of Control, that's maybe why Shu visited them.

And maybe Sony is looking to buy Illfonic. Maybe they will wait and see how Predator will be doing. If it's a great success, i can imagine an acquisition.

They have shown interest. It's not really debatable.
 

Iwao

Member
Oct 25, 2017
11,807
And maybe Sony is looking to buy Illfonic. Maybe they will wait and see how Predator will be doing. If it's a great success, i can imagine an acquisition.
Sony is more likely to buy a studio like Camouflaj than Illfonic.

The studio making a game that will absolutely be a success and already looks amazing.

p8odotiszx8btmfkhnfj.gif
afbhygsqpdaz0ebakemh.gif


 
Last edited:

Rurouni

Member
Dec 25, 2017
1,384
I finished Uncharted The Lost Legacy not too long ago and holy fuck, dat last set piece may have actually been my absolute favorite in the franchise. Period.

Definitely in my top 3 next to Uncharted 2 & 4.
 
Oct 25, 2017
756
Honestly, I don't think looking to the past way Sony have handled acquisitions is going to be all that telling about how they handle things going forward. It's a new era and the content arms race has never been fiercer. Basically I don't think anything is off the table, whether that's studios that specialise in areas where they are strong, or ones that specialise in areas where they are weak. Or studios that they have established relationships with vs. studios that they haven't worked.
 
Status
Not open for further replies.