CD Projekt RED to Develop Multiple High-Budget Games Starting in 2022

The Witcher 3 and Cyberpunk 2077 developer is also looking opportunities to acquire or merge with other developers to increase its production abilities.

Posted By | On 31st, May. 2021

cd projekt red

CD Projekt has had a rough go of it recently. The publisher is still trying to get Sony’s approval to return the game to the PlayStation Store, the game’s second director and head of production recently resigned due to accusations of bullying, and despite several patches, the game is still pretty buggy. Combine all of that with the news that the company’s net profit is down more than 60% in the first quarter from the same time last year, and it’s easy to see that Cyberpunk 2077‘s release hasn’t been what the company was hoping for.

That might explain why CD Projekt RED is planning to “start parallel high-budget developments from 2022,” according to a report form Reuters. This transition is why former Cyberpunk director Adam Badowski has stepped down to oversee the studio’s transition into developing multiple AAA projects simultaneously. In addition, the studio is also looking for merger and acquisition opportunities.

While these will help the company in the future, CD Projekt is well aware that “future sales growth” depends in large part on figuring how how to bring players back to Cyberpunk. To that end, CD Projekt “confirmed plans to publish free downloadable content and update both Cyberpunk and The Witcher 3 to next-generation consoles in the second half” of the year.

While their current problems are understandable, it’s worth noting that last year was a record year for the company when its “shares hit an all-time high of 464.2 zlotys in the run-up to Cyberpunk’s launch.” Those shares have lost over 60% of their value.


Amazing Articles You Might Want To Check Out!

Keep On Reading!

Manor Lords Has Sold Over 3 Million Units

Manor Lords Has Sold Over 3 Million Units

Available on PC in early access since April of last year, Slavic Magic and Hooded Horse's strategy title has h...

Civilization 7 is Working on UI Improvements, Community-Requested Features, and QoL Fixes Based on Fan Feedback

Civilization 7 is Working on UI Improvements, Community-Requested Features, and QoL Fixes Based on Fan Feedback

"We will support Civilization VII for years to come, and your feedback remains critical in helping us grow and...

Dungeons of Hinterberg is Coming to PlayStation on March 13

Dungeons of Hinterberg is Coming to PlayStation on March 13

Microbird Games and Curve Games' social sim action RPG launched last July for Xbox Series X/S, Xbox One, PC, a...

Wuchang: Fallen Feathers Reveals New Details With Lore Trailer

Wuchang: Fallen Feathers Reveals New Details With Lore Trailer

Lenzee Games and 505 Games' Soulslike action RPG is expected to launch sometime this year for PlayStation 5, X...

Rocksteady’s New Batman Title is Years Away – Rumor

Rocksteady’s New Batman Title is Years Away – Rumor

Rockstar is allegedly returning to single-player titles and the Batman franchise after Suicide Squad: Kill the...

Gothic Remake Developers Discuss Experiences With the Original in New Video

Gothic Remake Developers Discuss Experiences With the Original in New Video

The video features developers from all parts of the studio talking about what made the original Gothic special...