Their 2024 gross revenue was about $1.9 billion, so $250 million would be over 13% of their total annual revenue
How much would $250 million really hurt Krafton?
protist@retrofed.com 3 weeks ago
How much would $250 million really hurt Krafton?
Their 2024 gross revenue was about $1.9 billion, so $250 million would be over 13% of their total annual revenue
Guitar@lemmy.world 3 weeks ago
Enough that they were willing to risk doing this to their reputation against the advice of lawyers. So I’d say pretty damn bad. But if you decide it’s not where you wanna put your money, that’s fair too.
Cethin@lemmy.zip 3 weeks ago
But it also helps the game sell better. I’d bet, if the game does well, Kraft on will make far more than that back. They didn’t purchase the company to lose money. They just thought they could get out of paying that money and make more profit. It’s not that they’d not make a profit by avoiding this, just less.
Guitar@lemmy.world 2 weeks ago
Krafton’s CEO felt that they had severely overpaid for UW if they had to pay out that bonus. They bought it in 2021 during Covid, when more people were staying inside playing video games. It inflated the value of a lot of game companies, which is why they initially agreed. Now the economic situation is different, so they are probably taking a pretty nasty hit if they have to pay that out. However, you’re probably right that they will still profit. But they’d make more by not paying it out. I’m more than happy to help take that away from Krafton and give it to UW who is far more deserving. Krafton deserves punishment, and if they get out of paying that money, they get a win.