An Update
It is posts like yours why I could never consider myself part of the forum community. The in game community was wonderful the forum community insular and totalitarian.
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WoW. TERA. Now there's some lousy forum communities for you.
The in game community was no different.
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None of the Titan club seems to understand that lowball offers of any size only makes permanent closure more attractive to NCSoft. The writeoff value of the entire asset is much, much higher than likely any offer that has been tendered to date, and that's before taxes. Heck, $1 million likely would barely even cover the legal costs of selling the IP.
All this clamoring about NCSoft rejecting "great offers" just reeks of amateur business acumen. Prospective buyers must calculate the writeoff value of the asset (in context with the size of NCSoft) and then start their negotiations from some percentage of that. |
(1) CoH has been around long enough that if it has any book value, it will be low, and the only tax writeoff is the book value of the game.
(2) If you sell an asset below its book value, you pay no income tax on the payment and get a write-off of the difference between book value and the selling price.
(3) If you write off an asset, the tax benefit is tax rate * book value so 1 mil book value 25% income tax means you'll pay 250K less in taxes. Furthermore, you have to write it down over time as it depreciates. If you sell an asset for less than the book value, you get the benefit of the full sales price and get to immediately write off the difference between book value and sales price.
So, selling an item is BETTER than taking the writeoff.
As for a million dollar price to sell the IP, unless you are represented by Dewey, Cheatum, and Howe, legal fees won't be nearly that high unless there is something really tricky being attempted to screw the other guy.
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I think when we had "Rate this poster" as an option, it showed how cliquish the forum posters could be, buuut, I'd say CoH has had, overall, one of the best forum communities in an MMO.
WoW. TERA. Now there's some lousy forum communities for you. The in game community was no different. |
This community had/has an incredible amount of things that it knows but is absolutely completely wrong and it is amazing how stonewalling they are about it.
A good example is the unwillingness to even rationally discuss the idea that the devs weren't addressing game problems in anything approaching the time frames needed. You had people willing to use the development cycle as an excuse for not getting to bugs until years after they had been found in beta. Every excuse in the world would be made. In the end having problems in the game for such long periods and then fixing them in a way that just aggravated players took its toll.
As for a million dollar price to sell the IP, unless you are represented by Dewey, Cheatum, and Howe, legal fees won't be nearly that high unless there is something really tricky being attempted to screw the other guy.
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On the other, they've shown that they're terrified of it happening again (or at least getting caught), so who knows if it's something that any potential buyers of CoH will have to deal with?
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On one hand, we've already seen that NCSoft is capable of this as part of the Tabula Rasa scandal.
On the other, they've shown that they're terrified of it happening again (or at least getting caught), so who knows if it's something that any potential buyers of CoH will have to deal with? |
I'm almost afraid to post this, since doubt can be a very powerful thing, but....
Could this story of possibly selling after the shutdown just be a move on NCsoft's part to help dispel the huge post-shutdown negative PR apocalypse that they know is coming? My reasoning is this: --NCsoft already gave us some BS about "exhausting all (selling) options". --The shutdown date is a definite "start" time for us to take the gloves off and bring as much PR pain as possible. Hinting at the possibility that the game could only be sold after the shutdown might be an attempt to disorganize our efforts (by causing doubt via making us wonder if we still could save the game) and lighten the ton of bricks we plan on dropping (since some players will still be wary of irritating them to the point where they don't sell). Thougts? Please, please, PLEASE pick my reasoning apart and show me that I'm just plain WRONG! I want CoH to get its wakie and be back up and running! |
However, in that case wouldn't they have instead posted,
"Please try to have patience while we work out an alternative long-term solution" instead of what is equivalent to,
"Shut up once and for all! Je$^s!"
Well! That's basically what they said to us! :P
And I would think if they really wanted to temporarily halt this P.R. nightmare, they could always post an additional note on the launcher and/or website now. But they aren't doing it.
Honestly, I think NCSoft's entire game plan is to brazen out this firestorm and hope it dies out. It's just that Mercedes Lackey, her husband, and a few others don't see it that way, and are trying a last-ditch, long-shot plan to get the game going again post-shutdown under someone(s) else.
I really don't think NCSoft is planning on selling either now or after the game closes down. I just think Mercedes & crew are trying some sort of new angle to get them to see that it's their most profitable choice, perhaps not only in terms of actual cash in their hands but also as a salvaging of their rightly-earned, HORRIBLE reputation here in the west.
And I'm not sure that anything, saving CoH included, could ever completely repair that.
Here is the weird thing. I am fairly certain I saw you participating in that thread why cant you remember the stuff that contradicted your position but I can remember the stuff that contradicts mine ?
It turned out that under Korean law his acceptance of the letter could be construed the way NCsoft presented it.
Here is the weird thing. I am fairly certain I saw you participating in that thread why cant you remember the stuff that contradicted your position but I can remember the stuff that contradicts mine ? |
It turned out that under Korean law his acceptance of the letter could be construed the way NCsoft presented it.
Here is the weird thing. I am fairly certain I saw you participating in that thread why cant you remember the stuff that contradicted your position but I can remember the stuff that contradicts mine ? |
More from Mercedes Lackey - some facts, some guesswork:
I've got this confirmed. The asking price for City will drop exponentially from the reported 80 million when it closes. I have the feeling that the 80 million actually included an exponential amount of padding to deal with those chimerical "legal issues"--after twice losing the Garriott case, I speculate they wanted enough in the bank to pay out without hurting. Once it's closed, all those issues go away, and the price goes to something reasonable. Sale will include the IP and code. The game engine was bought outright from Cryptic when NCSoft bought City (I have this from another impeccable source who was working at Cryptic when the sale happened). What is NOT known is whether account and character data are going to be preserved. No one knows this except NCSoft. Archiving your characters via Sentinel + might prove the only way to restore them--I can only say that one would hope that in the event that character data is deleted, a new owner would see the wisdom of doing a one-time restore for those that have done so, but that will depend on the generosity of a new owner. |
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The game engine was bought outright from Cryptic when NCSoft bought City (I have this from another impeccable source who was working at Cryptic when the sale happened). |
I would GUESS Statesman/Jack would know better than anyone that bit
I see the guesses; as far as facts go - nothing new was factually stated.
HYPOTHETICAL:
Any corporation that does take over CoH would be stupid to allow the backups to come from Titan Sentinel+. I would rather a blank database be used than one that could be so twinked by people fluffing their toons. I find it hard to believe the actual character information would not be part of a sale.
Back Alley Brawler/TicToc said that Statesman/Jack himself said the engine was licensed, not sold, for perpetuity for use with CoH and one additional title (whatever Cryptic wanted that to be.) There is a rather large difference between this and having bought the license outright.
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Again, disclaimer: MAYBE.
I can't see how it would mean that all rights to the engine were bought by NCsoft, because that would eliminate any need to use the word "license."
So basically still all we have is hearsay, opinions, and speculation.
Some actual facts would be nice but doesnt seem to be available at the moment and maybe never will come to light anytime soon.
-Female Player-
I see the guesses; as far as facts go - nothing new was factually stated.
HYPOTHETICAL: Any corporation that does take over CoH would be stupid to allow the backups to come from Titan Sentinel+. I would rather a blank database be used than one that could be so twinked by people fluffing their toons. I find it hard to believe the actual character information would not be part of a sale. |
Hopefully we wouldn't even need to use it as an option. But I can see why there's some concern that the player/character info would NOT be included, because selling/sharing that info might constitute a violation of NCsoft's own privacy policy. Sentinel gives us the option to transfer our own data to a new IP holder without NCsoft needing to take any unnecessary legal risks. I guess there's another way around that too, by letting players log into their NC account and manually authorize the transfer.
The Titan Sentinel+ was created with cheaters in mind and uses insane encryption. The idea behind that is the only one who will ever get the key to that encryption, is whoever buys CoH.
Hopefully we wouldn't even need to use it as an option. But I can see why there's some concern that the player/character info would NOT be included, because selling/sharing that info might constitute a violation of NCsoft's own privacy policy. Sentinel gives us the option to transfer our own data to a new host without NCsoft needing to take any unnecessary legal risks. |
Global@SteelDominator
Not hard to put put 2 billion on a toon and tweak out their build. Rinse and Repeat on every toon using the same enhancements and 2 billion and then IF CoH was revived: Boom 50's enhanced out the gills each with 2 billion inf each
Plus - like I have said: If Titan is involved that is an absolute deal breaker for me.
The Titan Sentinel+ was created with cheaters in mind and uses insane encryption. The idea behind that is the only one who will ever get the key to that encryption, is whoever buys CoH.
Hopefully we wouldn't even need to use it as an option. But I can see why there's some concern that the player/character info would NOT be included, because selling/sharing that info might constitute a violation of NCsoft's own privacy policy. Sentinel gives us the option to transfer our own data to a new IP holder without NCsoft needing to take any unnecessary legal risks. I guess there's another way around that too, by letting players log into their NC account and manually authorize the transfer. |
Not hard to put put 2 billion on a toon and tweak out their build.
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But ultimately it's more about compensating for 'accidents.' The databases could get wiped, or accidentally lost. I've heard of weird things like that happening before.
On the other hand, the safest thing for them to do would be to set up a way for us to log into our NC accounts, and authorize the transfer of our data to the new IP holder.
Back Alley Brawler/TicToc said that Statesman/Jack himself said the engine was licensed, not sold, for perpetuity for use with CoH and one additional title (whatever Cryptic wanted that to be.) There is a rather large difference between this and having bought the license outright.
I would GUESS Statesman/Jack would know better than anyone that bit |
Actually, if there's any truth to the "must shut down" story (which seems questionable to me), it could be the license. A cautious lawyer could have put in a clause of "If we've shut down the game and want to sell, the license is transferrable". If that's the cause, someone from NCSoft should find that lawyer and slap him around for no transferability until the game is shut down (thus lowering the market value of the game).
Actually, there could be some clauses about Cryptic in general or Jack Emmett in specific getting a payday of the game is transferred while still in operation. I suppose Cryptic could have had some irrational fear that NCSoft was just going to flip the game. (Conceivably not rational, IF the clause was there, we don't know how it's affected NCSoft's decisions in the years since the sale to NCSoft.)
It still doesn't explain everything. For example - why would NCSoft have been refusing to respond to people who wanted to make offers? It would've been easy to negotiate a deal, privately let them know about the clause and why the game had to shut down before they could close the deal. Take offers, see how much they can get. Even if they didn't want to publicize the reason for the being unable to sell (maybe a fear that Cryptic would claim the shutdown was just a sham to get around the clause and sue), they at least could've said "we're continuing to talk to potential purchasers. We can say nothing about any progress and at present no sale is expected and the shutdown will happen as expected, but things could change."
This is all speculation. Personally, I'm skeptical of the report that they must shut down before they can sell, I find it highly unlikely that NCSoft will strike a deal within the foreseeable future. I think they're being stupid not to strike a deal, but they wouldn't be the first big company to do something stupid.
But I'd love to be proven wrong. And should a deal be announced in the first week or two of December, I'll say Fansy, looks like you were right.
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Back Alley Brawler/TicToc said that Statesman/Jack himself said the engine was licensed, not sold, for perpetuity for use with CoH and one additional title (whatever Cryptic wanted that to be.) There is a rather large difference between this and having bought the license outright.
I would GUESS Statesman/Jack would know better than anyone that bit |
It's understandable though; her message is just being delivered as acounter to the notion that there's some sort of possible hangup regarding the engine.
All she was saying was that her sources tell her that the engine is full-sale with the game - no problem there.
It'd be great if any of these longshots pay off. Again, everyone involved understands the enormous potential for failure...
Anyway... potentially positive possibilities.
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Before that, there was a player designated area where eveyone gathered to consolidate their /trade spamming and barter face to face.