- Icelandic gaming company CCP Games is shutting down two studios in the US and the UK. It said it plans to put its VR development plans on “ice” and focus more on mobile and PC games.
CCP Games – the gaming company behind sci-fi blockbuster “EVE Online” and virtual reality spin off “EVE Valkyrie” – has announced that it is shutting down two of its five offices and laying off close to 100 staff as it rethinks its virtual reality (VR) ambitions.
A VR studio in Atlanta is being shut down, while another in Newcastle, UK, is being sold off. The latter spearheaded the development of “EVE Valkyrie.”
Studios will remain in London, Reykjavík, and Shanghai and CCP is providing relocation opportunities or severance packages to some of the staff that are affected.
VR has been hailed as a new technology that will revolutionise the world of gaming and big tech companies like Facebook, Samsung, and HTC have invested billions in creating headsets that support VR. But the VR market has not proved to be as big as the tech giants anticipated and VR gaming companies are being forced to rethink their strategies.
“We will be shifting our focus to our PC and mobile initiatives,” said CCP Games CEO Hilmar Pétursson in a statement sent to Business Insider.
Founded in 1997 in Reykjavik, Iceland, CCP Games became well-known in 2003 with the launch of “Eve Online.”
It was one of the first gaming companies to embrace VR with the launch of “EVE Valkyrie” in March 2016 and it writes on its website that it thinks the technology “will play an increasingly important role in gaming, and beyond, in the years to come.”
“EVE Valkyrie” is played by a loyal fan base around the world and it is hailed as one of the best VR gaming experiences.
It was the game Oculus used as a demo for the Crystal Cove version of its development kit in 2014, before Oculus was acquired by Facebook.
Other VR games developed by CCP include “Sparc” and “Eve Gunjack.”
Here is the full statement from Pétursson:
“Today we have made tough, but important, changes to CCP in response to how we see the gaming market evolving in the coming years. We have been front and center in the second wave of VR and our belief in the long-term transformative power of the technology remains strong.
“Despite the success of the VR games we have released we will be shifting our focus to our PC and mobile initiatives, and will be centralizing those initiatives, along with the support of our existing VR games, to our offices in Reykjavík and London. We will continue to support our VR games but will not be making material VR investments until we see market conditions that justify further investments beyond what we have already made.
“I am very proud of our VR games and, more importantly, of the people here who made them.
“These changes in strategy come with some tough decisions relating to our overall structure as a company. CCP is in a strong position to make these changes, and we are taking great care to support our departing employees to the very best of our ability. We will be offering relocations to some to our London office where we will be building up our efforts in addition to our development activities in Reykjavík.”
- Project Morpheus: Sony’s virtual reality headset for PS4
- ABBA Plan ‘Previously Unimagined’ Virtual Reality Experience
- Virtual Reality A Big Part Of Dallas ISD’s New ‘Hybrid’ School
- On the move: VRCade combines free motion with head-mounted virtual reality
- Why Virtual Dresses And Augmented Fashion Are A New Profitable Frontier For Brands
- Apple has Reportedly Cancelled its Plans to Develop AR and VR Headsets
- PlayStation VR: 5 Common Problems and How to Solve Them | Digital Trends
- Selling Hot New Cars at Pebble Beach, the Land of Classics
- The Key To Unlocking The Metaverse Is Nvidia’s Omniverse
- Cows in VR Goggles and 14 Other Stories That Gave Us a Giggle in 2019 | Digital Trends
- The new hot theme in gaming: climate change
- Best Deals August 24 - Refurbished Mac & iPad big discounts, $100 off 3D printer & more!
- Best Deals August 25 - $35 off 4TB external hard drive, $19 for four batteries, more
- Best Deals August 26 - $100 off Flexispot standing desks, $7 off Wemo HomeKit smart plug, more!
- Best Deals August 28 - $350 GoPro Hero9 Black, $60 off Adobe Elements, 47% off Powerbeats, more
- Best Deals August 29 - $76 Netgear router, $200 outdoor pizza oven, more
- What You Need to Know About 5G in 2020
- Roblox wants to topple Minecraft
- Are you ready for sentient Disney robots?
- Our Twelve Minutes preview dives into the game's claustrophobic time loop story
‘EVE Valkyrie’ creator CCP has put its virtual reality plans on ice have 762 words, post on www.businessinsider.sg at October 31, 2017. This is cached page on Game Breaking News. If you want remove this page, please contact us.