Cyberpunk developer CD Projekt’s shares jump after new announcement

Shares of CD Projekt, developer of the Cyberpunk 2077 and Witcher series, rose on Tuesday after the company announced several upcoming projects. The Poland-based company said it was working on a sequel to Cyberpunk 2077, codenamed Orion.

The game “will continue to advance the cyberpunk franchise and continue to harness the potential of this dark future universe,” CD Projekt said in a tweet on Tuesday.

While Cyberpunk, which launched in 2020, was initially scrutinized by reviewers and users for bugs on older consoles, the company has since made improvements. As of last week, the developer said it had sold 20 million copies. The game’s success was also fueled by Cyberpunk: Edgerunners, an animated series that debuted on Netflix in September.

In Tuesday’s announcement, the company announced that it is also developing a new trilogy of games set in the Witcher universe. This series also has a Netflix show starring Henry Cavill that skyrocketed sales of 2015’s The Witcher 3.

Founded two decades ago, CD Project remains true to its vision as a studio and developer.

“We’re here to create revolutionary role-playing games with memorable stories that inspire players,” said Adam Kiciński, the company’s President and Co-CEO.

The company detailed its future plans in Tuesday’s strategy update, which included moving to the Unreal engine in the future. CD Project said its partnership with Fortnite developer Epic Games is central to that.

“Our new engine [Unreal Engine 5] provides a solid technical framework that will allow us to develop multiplayer for most of our future titles,” said Michal Nowakowski, the company’s vice president of business development.

CD Projekt shares are up around 7% on Wednesday afternoon after rising nearly 9% on market open.

https://www.ibtimes.com.au/cyberpunk-developer-cd-projekts-shares-jump-after-new-announcement-1839234?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Cyberpunk developer CD Projekt’s shares jump after new announcement

Fry Electronics Team

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