Very unfortunate, but this is what happens when an independent company attempts to do what even the biggest production houses have difficulty with --- making a AAA game.
It cost Take-Two and Rockstar games five years and nearly $300 million to make GTA V, making a AAA video game is incredibly difficult.
Even if SC were to fail I wouldn't be mad. The $160 I've spent on it is peanuts. I knew the risk I was taking when I decided to back it, and I view the money spent on it as expendable.
I'm not sure why there are so many people out there wanting this game to fail. It's a massive undertaking that's never been seen in gaming before... and will change the face of gaming and game development (in terms of scale) forever. You don't want it to succeed? You want people to lose their money, lose their jobs?
But Sony, Ubisoft, EA, etc releases a clone of a game we've seen a hundred times already, funds it through the donations of the gullible buying previous clones, and oh no, that's fine, that game that does nothing to change gaming or improve it... that's fine.
@MBirdy88: Never mind him. He's a Sony fanboy who think shit like God of War are god's gift to gaming. Of course he's gonna hate on the biggest PC exclusive in 10 years.
Yup, 10 years alright. Its the time this game will be in development. When it actually comes out it'll probably be obsolete :D
Obsolete eh?
Tell me, what Sony games are being developed with anywhere close to the same scope?
oh wait, all they can make is the same generic small-minded crap:
add failed Driving Sims and you have the full shabang.
"Squadron 42 is near completion. and the developers want to give it a final polish."
completion? what kind of completion?
ever since 2012 all i have been hearing about that they hire hollywood actor and some sneak peeks. but they never show us any proper gameplay footage. instead of hiring expensive hollywood actors why cant they use budget on game?
We have noticed the speculations created by a posting on the website of UK’s Company House with respect to Coutt’s security for our UK Tax Rebate advance, and we would like to provide you with the following insight to help prevent some of the misinformation we have seen.
Our UK companies are entitled to a Government Game tax credit rebate which we earn every month on the Squadron 42 development. These rebates are payable by the UK Government in the fall of the next following year when we file our tax returns. Foundry 42 and its parent company Cloud Imperium Games UK Ltd. have elected to partner with Coutts, a highly regarded, very selective, and specialized UK banking institution, to obtain a regular advance against this rebate, which will allow us to avoid converting unnecessarily other currencies into GBP. We obviously incur a significant part of our expenditures in GBP while our collections are mostly in USD and EUR. Given today's low interest rates versus the ongoing and uncertain currency fluctuations, this is simply a smart money management move, which we implemented upon recommendation of our financial advisors.
The collateral granted in connection with this discounting loan is absolutely standard and pertains to our UK operation only, which develops Squadron 42. As a careful review of the security will show and contrary to some irresponsible and misleading reports, the collateral specifically excludes “Star Citizen.” The UK Government rebate entitlement, which is audited and certified by our outside auditors on a quarterly basis, is the prime collateral. Per standard procedure in banking, our UK companies of course stand behind the loan and guarantee repayment which, however, given the reliability of the discounted asset (a UK Government payment) is a formality and nothing else. This security does not affect our UK companies’ ownership and control of their assets. Obviously, the UK Government will not default on its rebate obligations which will be used for repayment, and even then the UK companies have ample assets to repay the loan, even in such an eventuality which is of course unthinkable.
@deadline-zero0: Quick and concise response. In terms of utilizing a forward on their rebate, instead of utilizing foreign-to-foreign transfers, this makes a lot of sense. Expenses are high in the UK, and even the high US dollar will not offset that.
In other news, I think it's time this thread was closed.
@deadline-zero0: Quick and concise response. In terms of utilizing a forward on their rebate, instead of utilizing foreign-to-foreign transfers, this makes a lot of sense. Expenses are high in the UK, and even the high US dollar will not offset that.
In other news, I think it's time this thread was closed.
also >>> http://wccftech.com/brexit-will-raise-uk-tech-prices
@MBirdy88: Never mind him. He's a Sony fanboy who think shit like God of War are god's gift to gaming. Of course he's gonna hate on the biggest PC exclusive in 10 years.
Yup, 10 years alright. Its the time this game will be in development. When it actually comes out it'll probably be obsolete :D
Obsolete eh?
Tell me, what Sony games are being developed with anywhere close to the same scope?
oh wait, all they can make is the same generic small-minded crap:
add failed Driving Sims and you have the full shabang.
Flip floping much? Where was Sony even mentioned? You sound insecure
We have noticed the speculations created by a posting on the website of UK’s Company House with respect to Coutt’s security for our UK Tax Rebate advance, and we would like to provide you with the following insight to help prevent some of the misinformation we have seen.
Our UK companies are entitled to a Government Game tax credit rebate which we earn every month on the Squadron 42 development. These rebates are payable by the UK Government in the fall of the next following year when we file our tax returns. Foundry 42 and its parent company Cloud Imperium Games UK Ltd. have elected to partner with Coutts, a highly regarded, very selective, and specialized UK banking institution, to obtain a regular advance against this rebate, which will allow us to avoid converting unnecessarily other currencies into GBP. We obviously incur a significant part of our expenditures in GBP while our collections are mostly in USD and EUR. Given today's low interest rates versus the ongoing and uncertain currency fluctuations, this is simply a smart money management move, which we implemented upon recommendation of our financial advisors.
The collateral granted in connection with this discounting loan is absolutely standard and pertains to our UK operation only, which develops Squadron 42. As a careful review of the security will show and contrary to some irresponsible and misleading reports, the collateral specifically excludes “Star Citizen.” The UK Government rebate entitlement, which is audited and certified by our outside auditors on a quarterly basis, is the prime collateral. Per standard procedure in banking, our UK companies of course stand behind the loan and guarantee repayment which, however, given the reliability of the discounted asset (a UK Government payment) is a formality and nothing else. This security does not affect our UK companies’ ownership and control of their assets. Obviously, the UK Government will not default on its rebate obligations which will be used for repayment, and even then the UK companies have ample assets to repay the loan, even in such an eventuality which is of course unthinkable.
Notice how many of the anti-SC forumers immediately went silent lol
"One day...one day they'll see that I WAS RIGHT! I"LL SHOW 'EM! I don't care if that day meant hundreds lost their jobs and livelihoods!"
L.O.L.
Well when you're up against the best, you start to have real life disdain and spite in your heart. The jealousy grows deep. They actually want games to be cancelled and fail, just so they can finally take shots at the god of gaming (PC).
@MBirdy88: Never mind him. He's a Sony fanboy who think shit like God of War are god's gift to gaming. Of course he's gonna hate on the biggest PC exclusive in 10 years.
Yup, 10 years alright. Its the time this game will be in development. When it actually comes out it'll probably be obsolete :D
Obsolete eh?
Tell me, what Sony games are being developed with anywhere close to the same scope?
oh wait, all they can make is the same generic small-minded crap:
add failed Driving Sims and you have the full shabang.
Flip floping much? Where was Sony even mentioned? You sound insecure
Your a Sony fanboy, I know it, you know it.
Dodging the question much? OK Vas ... "What major publisher is pushing something of the same scope?" eh?
oh wait, all they can make is the same generic small-minded crap
Wow, third person AND trees? They are obviously all the same game! You are such a cool and individual hipster. It's so impressive how you hate on the popular mainstream. Now if you learn the difference between "your" and "you're" you will be the new overlord.
oh wait, all they can make is the same generic small-minded crap
Wow, third person AND trees? They are obviously all the same game! You are such a cool and individual hipster. It's so impressive how you hate on the popular mainstream. Now if you learn the difference between "your" and "you're" you will be the new overlord.
Somebody make a new Wing Commander.
Whoa, all 3rd person graphics obsessed games that only present visual scale, but not gameplay or mechanics scale. and a grammar nazi comment! amazing useful comeback!
Ah yes, because this is just a new Wing Commander... I remember Wing commander doing all this...
if you cant provide a better rebuttal, don't bother at all.
@foxhound_fox: Bwahahahaha, oh god thanks for the laugh. I don't want this game to fail but to think this is some unheard of endeavor is purely laughable.
Its so sad to see so many gamers get excited when they see negative news about star citizen. Why on earth would you to see a game like this fail?
This is the reason fanboys are the AIDS of the industry. Fanboys are really the destruction of all things good no matter what the subject. It really is a shame people act like this!
Its so sad to see so many gamers get excited when they see negative news about star citizen. Why on earth would you to see a game like this fail?
Completely baffles me as well. I can't comprehend anyone calling themselves a gaming fan and wanting any game to fail, let alone the most ambitious game in at least a decade, if not ever.
Its so sad to see so many gamers get excited when they see negative news about star citizen. Why on earth would you to see a game like this fail?
Completely baffles me as well. I can't comprehend anyone calling themselves a gaming fan and wanting any game to fail, let alone the most ambitious game in at least a decade, if not ever.
Ah the usual suspects celebrating a game's failure without having the IQ to read beyond a click bait fake news title. Is it any wonder the world is in the mess its in right now? Quick go play another linear run simulator and think its the best thing gaming has to offer!
Yep, called it. This is just sad how this ended up really. You folks all dying to see this game fail need to really get a grip. AAA games are a rote mess of linear tech demo BS, and finally a game comes along with a large publisher-free budget that also dares to develop open to the public and be ambitious, and yet you're all lining up to shit on it. I mean, really?
It's a risk, but know who you are getting involved with first. I've funded 3 games "Moebius: Empire Rising (Pinkerton Road Studio). Wasteland 2 (inXile Entertainment) & Mighty No.9 (Comcept, Inti Creates). Turns out Wasteland 2 was probably the best of the bunch, but still all the games were completed and I did get all my games, sound tracks, physical copies, etc... I heard of a lot of nightmares from other games however.
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