Close
Are you sure? Are you sure you want to report this comment? I understand, report it. Cancel

Star Trek Online going free to play

Thu 01 Sep 2011 10:31am GMT / 6:31am EDT / 3:31am PDT
Online

Cryptic's new owner Perfect World moving away from subs for Paramount-branded MMO

The Chinese publisher bought Cryptic in May, acquiring the rights to Star Trek Online, Champions Online and the forthcoming Neverwinter from Atari in the process. Champions has already switched to F2P, and STO is now due to follow suit before the end of the year.

"I think free-to-play model [has] a bigger potential in US market and also in China market," reasoned Perfect World chief financial officer Kelvin Lau during an earnings call last week.

Perfect World saw rises in both revenue and profit in its second quarter financials. Total revenue was RMB779.6 million ($120.6m); up from RMB718.5 million in Q1, and RMB 592.5 million ($92.6m) from the same quarter last year.

Net profit also showed significant year-on-year gains, increasing from RMB196.6 million ($30.7m) in Q2 2010 to RMB316.6 million ($49.0m) this year.

The publisher's efforts primarily stem from the Far Eastern market, but the Cryptic acquisition marks a concerted effort to crack the West. "It will help us grow in the US and the Europe," said Perfect World chairman Michael Chi, "and further strengthen our R&D and operations around the world."

4 Comments

Andrew Ihegbu
Studying Bsc Commercial Music

440 146 0.3
The chinese publisher? Has someone copy pasted this without revising the pronouns?

Posted:3 years ago

#1

Christopher Hennen
Designer

9 0 0.0
Yes, Chinese publisher. Perfect World owns Cryptic now.

Posted:3 years ago

#2

Terence Gage
Freelance writer

1,288 120 0.1
I think Andrew was referring to the odd way in which this article begins. It opens with the phrase 'The Chinese publisher' but then doesn't make clear who it's talking about until the second paragraph.

Posted:3 years ago

#3

Jason Bates
Director of P.R. and Marketing

1 0 0.0
Because the strapline on the previous page didn't get carried over to the article:

"Cryptic's new owner Perfect World moving away from subs for Paramount-branded MMO"

Posted:2 years ago

#4

Login or register to post

Take part in the GamesIndustry community

Register now