CD Projekt has revealed, via a notice of burden to its financial results for 2022 and 2023, that it’s re-evaluated the scope and commercial potential of Project Sirius – the multiplayer The Witcher game it announced last year – and will be “formulating a new framework” for the project, essentially implying that it’s taking the project back to the drawing board.
The announcement suggests that the project as it stands has occurred expenses of nearly $15mil AUD to date, which it says will negatively impact the company’s financial results as a consequence.
[presto_player id=143577]
VIDEO PRESENTED BY PLAYSTATION VR2. CLICK TO LEARN MORE.
The full report states:
“The Management Board of CD PROJEKT S.A. with its registered seat in Warsaw (“Company”) hereby announces its decision regarding the establishment in the Company’s books of an impairment allowance with regard to expenses incurred in the scope of development work related to Project Sirius, which is under development at The Molasses Flood studio. The value of expenses incurred by the end of 2022 amounts to 33.4 million PLN and will burden the financial results of the Company and the CD PROJEKT Group for the year 2022. The value of expenses incurred in January and February 2023 amounts to 9.5 million PLN and will accordingly burden the financial results for the first quarter of 2023.
The aforementioned decision is based on results of evaluation of the scope and commercial potential of the original concept of Project Sirius, and ongoing work on formulating a new framework for this project.”
Sirius is being developed by Molasses Flood (The Flame in the Flood, Drake Hollow) and was originally to incorporate both a multiplayer and single-player experience.