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

Wargaming Acquires Gas Powered Games

Wargaming announces it has stepped in to rescue troubled developer Gas Powered Games from the brink of closure following the cancellation of the Kickstarter for Wildman, GPG's Hail Mary action/RPG/RTS:

14th February, 2013 - Wargaming, the leading free-to-play MMO developer and publisher, today announced its agreement to acquire Seattle-based developer Gas Powered Games, the maker of memorable and critically acclaimed franchises such as Dungeon Siege, Supreme Commander and Demigod.

Wargaming will take full ownership of Gas Powered Games, bringing into its fold a contingent of veteran developers, including CEO and company founder Chris Taylor. The acquisition will further bolster Wargaming's push into multiplatform expansion, including the recent acquisition announcement of Chicago-based Day 1 Studios and MMO middleware provider Big World Pty Ltd.

"Gas Powered Games' heritage and development pedigree shows us just how valuable an addition Chris and his company will make to the Wargaming family," said Victor Kislyi, CEO of Wargaming. "Gas Powered Games has a long track record of providing incredibly engaging AAA gaming experiences and we can't wait to start working with them."

"Wargaming growth in recent years has been tremendous, and we're looking forward to joining one of the fastest growing gaming companies in the world," added Chris Taylor, CEO of Gas Powered Games. "I'm sure our experience and expertise will help us contribute even more to Wargaming's global success."

View
38 Replies. 2 pages. Viewing page 1.
< Newer [ 1 2 ] Older >

38. Re: Wargaming Acquires Gas Powered Games Feb 15, 2013, 10:53 bhcompy
 
Warskull wrote on Feb 14, 2013, 19:29:
Beelzebud wrote on Feb 14, 2013, 19:01:
Is World of Tanks any good, or is it pay2win?

It used to be extremely pay to win, the best ammo was paid ammo. I heard it is slightly less pay to win now. However, if you want a tank game, they are it.

It can be pay to win, but in normal games people rarely use gold
(paid) ammo.
 
Reply Quote Edit Delete Report
 
37. Re: Wargaming Acquires Gas Powered Games Feb 15, 2013, 05:08 InBlack
 
Its F2P up to a point. To compete in the Clan Warfare, which is really really fucking competitive you need those TierX tanks. No way you can get past TierVI or VII without paying for a premium account unless you are a NO LIFER of the worst smelly-unwashed-mom's basement kind.

Once you aquire a few top tier tanks and get into a good clan, the game turns into F2P again, because the good clans earn gold by holding territory.

You wont mind paying the dough though, the game really is that good (if you are into that kind of thing).

I quit because it got too competitive for me, I had to show up for team training, tactical discussions, clan battles and other totally time consuming activities.

Team training....Jesus....
 
Avatar 46994
 
I have a nifty blue line!
Reply Quote Edit Delete Report
 
36. Re: Wargaming Acquires Gas Powered Games Feb 15, 2013, 05:02 InBlack
 
NKD wrote on Feb 14, 2013, 14:28:
jdreyer wrote on Feb 14, 2013, 14:05:

It's a good question. I didn't think that WoT was really that popular. I suppose they could get a loan and amortize the purchase. Also, I'm sure that GPG probably didn't cost that much, being on the brink of insolvency.

WoT is like crack. It isn't WoW, but there are a ton of people hooked on that shit.

This is true. I was hooked for about a year and a half, spent about 350 Euros on that game in that year and a half. Mostly on a preorder tank, premium time and some premium tanks. Crack. It is. Because its a pretty damn good game.
 
Avatar 46994
 
I have a nifty blue line!
Reply Quote Edit Delete Report
 
35. Re: Wargaming Acquires Gas Powered Games Feb 15, 2013, 04:07 Turglar
 
jdreyer wrote on Feb 14, 2013, 19:29:
Annex wrote on Feb 14, 2013, 14:50:

10+ million per month is what theyre making.

That's a crazy amount. How do you know that?

In Soviet Belarus, revenue generates you!
 
Reply Quote Edit Delete Report
 
34. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 19:36 jdreyer
 
Their most recent standalone game, Order of War, is available on Steam. Anyone ever play it?

Reviews show it to be a solid but not sublime game.

EDIT: After reading, seems like a large scale WW2 RTS, but all tactical, no base building. Similar to what GPG has done in the past, but of course GPG RTSs had base building.

This comment was edited on Feb 15, 2013, 02:28.
 
Avatar 22024
 
"It's just a bunch of mystic bovine scatology to me." - 1badmf
Reply Quote Edit Delete Report
 
33. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 19:29 jdreyer
 
Annex wrote on Feb 14, 2013, 14:50:

10+ million per month is what theyre making.

That's a crazy amount. How do you know that?
 
Avatar 22024
 
"It's just a bunch of mystic bovine scatology to me." - 1badmf
Reply Quote Edit Delete Report
 
32. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 19:29 Warskull
 
Beelzebud wrote on Feb 14, 2013, 19:01:
Is World of Tanks any good, or is it pay2win?

It used to be extremely pay to win, the best ammo was paid ammo. I heard it is slightly less pay to win now. However, if you want a tank game, they are it.
 
Reply Quote Edit Delete Report
 
31. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 19:22 Fantaz
 
Wargaming.net now has 1400 employees?!

http://en.wikipedia.org/wiki/Wargaming.net
 
Avatar 571
 
Reply Quote Edit Delete Report
 
30. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 19:01 Beelzebud
 
Is World of Tanks any good, or is it pay2win?  
Reply Quote Edit Delete Report
 
29. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 18:27 Asmo
 
Lobster wrote on Feb 14, 2013, 15:30:
Just what the world needs... more F2P MMOs...

Because the ability to choose without paying through the nose (Yes SW:TOR, I'm looking at you) is a bad thing...

Wargaming's model might not appeal to everyone, but it's incredibly popular, particularly in Russia, and it's making them a shitload of money. Given the current trend of major production houses falling through, I think that some of the more successful new concerns (who obviously have a business model that's working at this point in time) investing in studios is a good thing.
 
Reply Quote Edit Delete Report
 
28. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 15:30 Lobster
 
Just what the world needs... more F2P MMOs...  
Reply Quote Edit Delete Report
 
27. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 15:17 Darks
 
jacobvandy wrote on Feb 14, 2013, 14:36:
Alamar wrote on Feb 14, 2013, 14:22:
But... What about Wildman?

-Alamar

On the back burner like Kings & Castles, probably. Depends on what Wargaming wants them to do.

I asked Chris that same question; he told me there is no defiant answer that he can give right now. I think they have to get the whole transition taken care of and Iím sure there are going to be meetings on how they are going to proceed on future titles.
 
Avatar 20498
 
Creator of the Neverwnter Nights Eye of the Beholder Series of Mods.

http://nwvault.ign.com/View.php?view=Modules.Detail&id=6375
Reply Quote Edit Delete Report
 
26. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 15:16 WaltC
 
I agree that there's no question that GPG went for less than it would have had Chris decided to sell the company on the quiet a few months ago. He really hurt his company valuation with his desperado videos. Apparently, it sure seems like Wargaming was the only company stepping up to the plate to buy GPG, and that there was no competitive bidding among companies--Wargaming looks like "it" for interest in GPG.

But I think the experience Chris has along with his GPG employees is near invaluable--hard to even put a dollar amount on that kind of experience and talent, imo. And I also think GPG has a lot of valuable IP, too, which is something many other studios just don't have. I think GPG is worth far more than mere "payroll liabilities" to someone who understands that "bean counters will not successful games make"...;) Here's the thing, though: we don't know what and for how much GPG was sold. It's entirely possible that Chris might've retained ownership of some of that prior IP if not all of it. Or, he may have had to sell everything at clearance prices.

GPG was not in debt, IIRC, so Chris may have been a bit less desperate than you might think--and I don't think he was so desperate that he would have made a bad deal to keep going. I also think he primarily did this for the sake of his employees, too.

Some very positive stuff here for Chris...he doesn't have to shoulder the financial responsibility for the company along with the creative responsibility, and I think he will relish his new role inside Wargaming. I know that I would. If I was Wargaming, I'd care far less about the previous GPG IP than I would about the kinds of future games he could get out of the GPG crew--that's really where the company's value shines, imo.

Wildman was a hasty stab, no doubt about it. Another thought I had about Wildman is that GPG was planning on using some of its Empire-destined code base (consigned to limbo when Microsoft cancelled its arrangement with GPG)--and "Wildman" was what they were planning just to throw on top of that code to some extent. Hence the technological development stages Chris talked about for Wildman, etc.

I also think that Chris is the kind of person who would not have done the deal if he couldn't bring *everybody* with him, at least initially. I might be wrong but I doubt if he left anyone behind. I think that your evaluation and Wargame's rational for buying GPG are very different...;)
 
Avatar 16008
 
It is well known that I do not make mistakes--so if you should happen across a mistake in anything I have written, be assured that I did not write it!
Reply Quote Edit Delete Report
 
25. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:50 Annex
 
RollinThundr wrote on Feb 14, 2013, 14:48:
Yakubs wrote on Feb 14, 2013, 14:40:
RollinThundr wrote on Feb 14, 2013, 13:41:
Again how are they getting all this revenue to buy up devs? Aside from World of Tanks and World of Warplanes I have never heard of any of the titles they've published.

You're making the assumption that GPG is actually worth something. Remember, this is a company that was desperate for some kind of cash infusion as recently as last week. As it stands, the only value GPG has is its IP which is offset by its payroll liabilities.

Meanwhile, Wargaming is probably fairly cash rich on an ongoing basis and running at a fairly high margin considering their revenue comes from a F2P title. Ongoing high margin revenue means the ability to easily add staff.

Wargaming probably bought GPG for a pittance and simply agreed to employ them (or at least some of them) and support some sort of future project. We're not talking a multi-million-dollar buyout here.

I get that, but GPG isn't their only recent pickup. I guess F2P games are making more money than one would think.

10+ million per month is what theyre making.
 
Reply Quote Edit Delete Report
 
24. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:48 RollinThundr
 
Yakubs wrote on Feb 14, 2013, 14:40:
RollinThundr wrote on Feb 14, 2013, 13:41:
Again how are they getting all this revenue to buy up devs? Aside from World of Tanks and World of Warplanes I have never heard of any of the titles they've published.

You're making the assumption that GPG is actually worth something. Remember, this is a company that was desperate for some kind of cash infusion as recently as last week. As it stands, the only value GPG has is its IP which is offset by its payroll liabilities.

Meanwhile, Wargaming is probably fairly cash rich on an ongoing basis and running at a fairly high margin considering their revenue comes from a F2P title. Ongoing high margin revenue means the ability to easily add staff.

Wargaming probably bought GPG for a pittance and simply agreed to employ them (or at least some of them) and support some sort of future project. We're not talking a multi-million-dollar buyout here.

I get that, but GPG isn't their only recent pickup. I guess F2P games are making more money than one would think.
 
Reply Quote Edit Delete Report
 
23. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:40 Yakubs
 
RollinThundr wrote on Feb 14, 2013, 13:41:
Again how are they getting all this revenue to buy up devs? Aside from World of Tanks and World of Warplanes I have never heard of any of the titles they've published.

You're making the assumption that GPG is actually worth something. Remember, this is a company that was desperate for some kind of cash infusion as recently as last week. As it stands, the only value GPG has is its IP which is offset by its payroll liabilities.

Meanwhile, Wargaming is probably fairly cash rich on an ongoing basis and running at a fairly high margin considering their revenue comes from a F2P title. Ongoing high margin revenue means the ability to easily add staff.

Wargaming probably bought GPG for a pittance and simply agreed to employ them (or at least some of them) and support some sort of future project. We're not talking a multi-million-dollar buyout here.
 
Reply Quote Edit Delete Report
 
22. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:36 jacobvandy
 
Alamar wrote on Feb 14, 2013, 14:22:
But... What about Wildman?

-Alamar

On the back burner like Kings & Castles, probably. Depends on what Wargaming wants them to do.
 
Reply Quote Edit Delete Report
 
21. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:28 NKD
 
jdreyer wrote on Feb 14, 2013, 14:05:

It's a good question. I didn't think that WoT was really that popular. I suppose they could get a loan and amortize the purchase. Also, I'm sure that GPG probably didn't cost that much, being on the brink of insolvency.

WoT is like crack. It isn't WoW, but there are a ton of people hooked on that shit.
 
Avatar 43041
 
If you don't like where gaming is heading, stop giving your money to the people who are taking it in that direction.
Reply Quote Edit Delete Report
 
20. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:22 Alamar
 
But... What about Wildman?

-Alamar
 
Avatar 22996
 
Reply Quote Edit Delete Report
 
19. Re: Wargaming Acquires Gas Powered Games Feb 14, 2013, 14:14 Annex
 
World of Tanks brings in 10+ million in revenue per month. More than enough to buy out GPG completely and any other small studio they want.  
Reply Quote Edit Delete Report
 
38 Replies. 2 pages. Viewing page 1.
< Newer [ 1 2 ] Older >


footer

Blue's News logo