I am surprised it was that low, I guessed over 1 million originally and that it would be under 5 million by end of year 4th quarter. It is a casual's casual game now that's for sure.
The calm before the storm. Q4 will be very nasty.
the big deal, so to speak, is that the cost of operating the game has some fixed elements, such as bandwidth and staffing, and there are only so many savings they are able to realize as a benefit of losing western subs. So instead of 300m in revenue with say 60-70k operating costs + development costs, you are looking at a much lower profit.
I realize it may not be a big deal to you or others, but it is certainly a big deal to Kotick, Morhaime, etc (ever look at morhaime's incentive package?).
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Given the new share structure, it will more or less be Kotick who makes any decisions.
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are you even beating real inflation at this rate, after taxes?
Authors I have enjoyed enough to mention here: JRR Tolkein, Poul Anderson,Jack Vance, Gene Wolfe, Glen Cook, Brian Stableford, MAR Barker, Larry Niven and Jerry Pournelle, WM Hodgson, Fredrick Brown, Robert SheckleyJohn Steakley, Joe Abercrombie, Robert Silverberg, the norse sagas, CJ Cherryh, PG Wodehouse, Clark Ashton Smith, Alastair Reynolds, Cordwainer Smith, LE Modesitt, L. Sprague de Camp & Fletcher Pratt, Stephen R Donaldon, and Jack L Chalker.
37 + (3*7) + (3*7)W/L/T/Death count: Wolf: 0/1/0/1 | Mafia: 1/6/0/7 | TPR: 0/4/1/5SK: 0/1/0/1 | VT: 2/5/2/7 | Cult: 1/0/0/1
"In today’s America, conservatives who actually want to conserve are as rare as liberals who actually want to liberate. The once-significant language of an earlier era has had the meaning sucked right out of it, the better to serve as camouflage for a kleptocratic feeding frenzy in which both establishment parties participate with equal abandon" (Taking a break from the criminal, incompetent liars at the NSA, to bring you the above political observation, from The Archdruid Report.)
1) taxes
2) say he bot at 12.5 (the average of his prices) - he is up 3.60? this is less than 30% over a 'few' (e.g. more than 2) years, and once again, in the real world, most of us pay taxes.
3) so after taxes, depending on where he is, he might up be 6% annuallized? If you live somewhere REAL inflation (not what some government says it is) is less than 6%, let me know where.
Authors I have enjoyed enough to mention here: JRR Tolkein, Poul Anderson,Jack Vance, Gene Wolfe, Glen Cook, Brian Stableford, MAR Barker, Larry Niven and Jerry Pournelle, WM Hodgson, Fredrick Brown, Robert SheckleyJohn Steakley, Joe Abercrombie, Robert Silverberg, the norse sagas, CJ Cherryh, PG Wodehouse, Clark Ashton Smith, Alastair Reynolds, Cordwainer Smith, LE Modesitt, L. Sprague de Camp & Fletcher Pratt, Stephen R Donaldon, and Jack L Chalker.
WoW always had a extremely profit margin. It seems to only cost about $4 - 5 million a month to run WoW, which includes salary, hardware support and customer service.
http://www.theregister.co.uk/2008/09...t_upkeep_200m/The game maker said it has spent only $200m (~ £110.24m) on upkeep since the game launched in 2004. That $200m figure apparently includes payroll for the entire staff, hardware support, and customer service.
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This is besides the point, because ATVI has beat or is on par with the S&P 500 during the last 2 years. Which is considered good.
37 + (3*7) + (3*7)W/L/T/Death count: Wolf: 0/1/0/1 | Mafia: 1/6/0/7 | TPR: 0/4/1/5SK: 0/1/0/1 | VT: 2/5/2/7 | Cult: 1/0/0/1
1) in the past have come up with about 60-70m/qtr cost of operating the game, which must be almost entirely bandwidth. no time to go drag out old 10q's now, but in the past atvi was much friendlier with their revenue categories. its there.
2) why would you think matching the spx is good? Who considers this good? if spx is down for the year and atvi is down less, does that mean I did good losing money on atvi? Is benbos a pension fund or a very large hedge fund, where an approx 6% or less annualized post-tax return is considered good, despite the inflation concern that is being ignored in this conversation by one party to it?
Last edited by Deficineiron; 2013-11-07 at 02:58 AM.
Authors I have enjoyed enough to mention here: JRR Tolkein, Poul Anderson,Jack Vance, Gene Wolfe, Glen Cook, Brian Stableford, MAR Barker, Larry Niven and Jerry Pournelle, WM Hodgson, Fredrick Brown, Robert SheckleyJohn Steakley, Joe Abercrombie, Robert Silverberg, the norse sagas, CJ Cherryh, PG Wodehouse, Clark Ashton Smith, Alastair Reynolds, Cordwainer Smith, LE Modesitt, L. Sprague de Camp & Fletcher Pratt, Stephen R Donaldon, and Jack L Chalker.
1) last trade on stock is 16.13. old prices help no one. also you need to annualize the return for a minimum of 3 years (a few, he says).
2) I guess I should back up - do you know what inflation and taxes are, and how they relate to REAL rate of return for investments? I guess for simplicity we can keep things in dollars unless benbos wants to claim a forex gain also.
Last edited by Deficineiron; 2013-11-07 at 03:04 AM.
Authors I have enjoyed enough to mention here: JRR Tolkein, Poul Anderson,Jack Vance, Gene Wolfe, Glen Cook, Brian Stableford, MAR Barker, Larry Niven and Jerry Pournelle, WM Hodgson, Fredrick Brown, Robert SheckleyJohn Steakley, Joe Abercrombie, Robert Silverberg, the norse sagas, CJ Cherryh, PG Wodehouse, Clark Ashton Smith, Alastair Reynolds, Cordwainer Smith, LE Modesitt, L. Sprague de Camp & Fletcher Pratt, Stephen R Donaldon, and Jack L Chalker.
Inflation is the steady depreciation of the value of a currency over time (usually due to "fiscal easing", that is, printing money).
I've ignored taxes because it can vary a lot. Hence why I originally said "he's made a profit after inflation", and not "he's made a profit after taxes and inflation". You also haven't countered my point that you will just flat out deny any figure I give for inflation.
37 + (3*7) + (3*7)W/L/T/Death count: Wolf: 0/1/0/1 | Mafia: 1/6/0/7 | TPR: 0/4/1/5SK: 0/1/0/1 | VT: 2/5/2/7 | Cult: 1/0/0/1
GW2 has an active player base of about 100k at the very best estimate. It isn't even in the same league. If anything they should be worried about FFXIV, which is significantly more popular. GW2 is in the same league as Rift and SWTOR. They are non-factors to WoW at the moment.
Last edited by Sharuko; 2013-11-07 at 03:13 AM.
because you haven't given any figures for inflation. You have no idea what I think real inflation is for the US, where activision is located and where the primary listing for the stock is. If I understand your position, it is than rather than opine on real US inflation rates, you avoid the topic and as a diversion, accuse me of having prejudged your (non-existent) response negatively. You might be surprised if you actually answered. You can claim deflation as well, if you feel this way.
Authors I have enjoyed enough to mention here: JRR Tolkein, Poul Anderson,Jack Vance, Gene Wolfe, Glen Cook, Brian Stableford, MAR Barker, Larry Niven and Jerry Pournelle, WM Hodgson, Fredrick Brown, Robert SheckleyJohn Steakley, Joe Abercrombie, Robert Silverberg, the norse sagas, CJ Cherryh, PG Wodehouse, Clark Ashton Smith, Alastair Reynolds, Cordwainer Smith, LE Modesitt, L. Sprague de Camp & Fletcher Pratt, Stephen R Donaldon, and Jack L Chalker.