Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Frontier Gains Elite Rights; Braben to Sell Frontier Stock

Develop has news that Frontier Developments acquired software and IT consultancy Professional Practice Automation on Tuesday in a deal worth 5.09m, a deal which, besides the other assets of the company, also includes the rights to the Elite franchise, as Frontier is currently developing Elite Dangerous, a crowd-funded new installment in the space combat series. They also report that Frontier founder David Braben now plans to sell up to 1.6m shares in Frontier Developments, which they say represents a little over five percent of the company. Besides holding the Elite rights, Develop says PPA develops software "currently in use on thousands of seats across accountancy practices in the UK."

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

25. Re: Frontier Gains Elite Rights; Braben to Sell Frontier Stock Apr 17, 2014, 20:27 Sho
 
Zyrxil wrote on Apr 17, 2014, 18:44:
I don't think you understand how the world works. The people/companies doing Kickstarters are not broke hobos with 0 assets and an idea. They are people with jobs, and (hopefully) plenty of development experience. The broke hobos with an idea and nothing else are exactly the people you shouldn't be funding. Frontier Developments has 210 employees and plenty of published games on their resume. While not a huge AAA studio, it's safe to say they have some cash. They did the Kickstarter because they can't risk their survival by completely self funding a $1.5 million+ project with no guarantee of a return. People who live in nice homes and have employees depending on them not to fuck the company up don't do business that way.

This. I get really annoyed every time "but they have money, why did they go to Kickstarter?!" comes up in a thread. Kickstarter isn't (just) for beggers. From a business perspective you want your projects to be financially sound independent of context, and spread the risk instead of having to spend/gamble your own last penny every time. I don't want creators to have to live like that anyway. And as a frequent backer, as long as campaigns are upfront about how they intend to use the money so I can make an informed decision, I have no qualms about investing independently of what else they have going on financially if I like the pitch.
 
Reply Quote Edit Delete Report
 
Subject
Comment
     
 
      ;)   ;)   :(   :(   :o   :o   %)   %)   :)   :)   :|   :|   ;P   ;P   X|   X|   :D   :D   More
 
Login Email   Password Remember Me
If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
 
          Email me when this topic is updated.
 

Special Codes

  • b[bold text]b
  • i[italic text]i
  • u[underline text]u
  • -[strikethrough text]-
  • c[code text]c
  • +[bullet point]+
  • q[quote text (indented)]q
  • [quote="Author"]quote text (indented)[/quote]
  • [url=Link]text[/url]
  • r{red text}r
  • g{green text}g
  • b{blue text}b
  • m{maroon text}m
  • s{secret text (shows in the background colour)}s

Forum Rules

  1. Disagree all you want but attacks of a personal nature will not be tolerated.
  2. Ethnic slurs and homophobic language will not be tolerated.
  3. Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
  4. Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.


footer

.. .. ..

Blue's News logo