What do you think the chances are of Gamestop using some of their meme money to give Playful the funds to finish Star Child?

[krae_man]

Remember Star Child? It was a PSVR Exclusive by Playful the makers of Super Lucky's Tale. Here's an E3 trailer from 2017:


View: https://www.youtube.com/watch?v=cRKiFsXvdyw

Why would Gamestop have anything to do with Star Child you ask? Well they are the publisher of the game that's why. Remember Gametrust Games? They were Gamestop's game publishing wing back when they dipped their toes into publishing video games.

They funded 5 games. Those games were:

1) Song of the Deep by Insomniac
2) Deformers by Ready at Dawn
3) The Invisible Hours by Tequila Works
4) Has-Been Heros by Frozenbyte
and Finally
5)Star Child by Playful

Come on Gamestop, give Playful enough money to high back all the staff they laid off and let them finish the game. It looked awesome and the PSVR demo was great!

 

[Fat4all]

wut

 

[Fat4all]

Here's an E3 trailer from 2017

Click to shrink...

Come on Gamestop, give Playful enough money to high back all the staff they laid off

Click to shrink...

oh my sweet summer child

i need to tell you about the farm upstate

 

[HTupolev]

What do you think the chances are of Gamestop using some of their meme money

Click to shrink...

What do you mean by "meme money"? Gamestop just filed for a new share offering, are you talking about the revenue from that?

 

[KINGOFSHIBUYA Ltd.]

I dont think they have any extra money from it, unless they sell shares, though it's not like it's super high.

Also, theyre publicly traded, heavily scrutinized, and as you'll see in the news, heavily shorted (like 5 times the float last week, I heard).
They'll be pressed hard to justify how they spend the money, as they have a responsibility to their shareholders (or else the shareholders dont really own the company) and giving some studio money to hire people probably wont pass that check.


That team is better off getting another publisher (which has been very difficult the last two years).
Also they announced that in 2017?
That's almost a decade ago.

 

[thediamondage]

yeah thats not how any of it works, all the money they raised so far is used just to stay alive, they announced they are gonna sell 45m more shares at a future time (shares keep dropping now) but I doubt investing in a game that failed to sell would be considered a wise investment by anyone.

Really they are sort of the kiss of death, if gamestop is interested in putting money into your company it probably means your idea is doomed to fail.

When the shares go up/down every day its regular investors who are benefiting from that, not gamestop. They don't hold shares sitting around waiting to be sold to bankroll the company, every share of theirs is owned by investors, hedge funds, seniors officers, retirement funds, etc.

 

[krae_man]

What do you mean by "meme money"? Gamestop just filed for a new share offering, are you talking about the revenue from that?

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exactly, or the money they got from the stock they sold the first time around.

 

[RomanticHeroX]

worst weekend thread

and not gonna happen, they should use the money to start an in-house Funko grading service.

 

[The Quentulated Mox]

i have no idea what you're talking about but 100% certain the answer is zero

 

[Bear Patrol]

exactly, or the money they got from the stock they sold the first time around.

Click to shrink...

That money from "the first time round" was all used to keep their brick and mortar stores (you know, their core business that actually makes them money) running.

They're not going to spend any of it to rehire a bunch of people to make a VR compatible game. Games are mostly hit or miss in terms of profitability and VR games even more so.

Even for a wild fever dream, this idea makes little sense.