EPTIGN on sale for $100 million by News Corps - Page 8
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Maxd11
United States680 Posts
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achan1058
1091 Posts
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jmbthirteen
United States10734 Posts
On October 21 2012 10:38 achan1058 wrote: Why is this even in SC2, aside from IPL? IGN isn't just about SC2, you know. In fact, it mostly isn't about SC2. Even IPL isn't mostly about SC2 as well, come to think of it, unless you are saying that LoL is dying as well. because IPL is a huge part of sc2, with their Las Vegas events and IPTL. The sale of IGN could mean big changes and even the end of IPL. This absolutely belongs in the sc2 section | ||
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Roflhaxx
Korea (South)1244 Posts
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mindspike
Canada1902 Posts
On October 21 2012 10:21 Cranium wrote: I think even 100 mill is overvaluing this company. I would be in disbelief if IGN made more than 3 mill a year in revenue. They definitely make more than 3 million a year. They were once a public company so its actually fairly easy to find their financials. In 2003 they had this guidance: Upward Revision of 2003 Revenue Forecast Given the company's first quarter performance, we are revising our estimate for FY 2003 revenue slightly upward to the $16.5 million to $17.5 million range. Source: http://www.businesswire.com/news/home/20030501005234/en/IGN-Reports-Positive-Cash-Flow-Quarter-Q1-Revenue What's important is if they are gaining visitors since 2003. It looks like the answer is yes although only by double. They were getting around 8m uniques in 2003 and are now getting around 18m uniques. Source: http://www.ebizmba.com/articles/video-game-websites | ||
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NDDseer
Australia204 Posts
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mindspike
Canada1902 Posts
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sekritzzz
1515 Posts
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Sub40APM
6336 Posts
On October 21 2012 12:18 mindspike wrote: They definitely make more than 3 million a year. They were once a public company so its actually fairly easy to find their financials. In 2003 they had this guidance: Source: http://www.businesswire.com/news/home/20030501005234/en/IGN-Reports-Positive-Cash-Flow-Quarter-Q1-Revenue What's important is if they are gaining visitors since 2003. It looks like the answer is yes although only by double. They were getting around 8m uniques in 2003 and are now getting around 18m uniques. Source: http://www.ebizmba.com/articles/video-game-websites you realize...revenue is more than just how many visitors you have. The fact that they had 3 million in revenue 9 years ago is almost meaningless. Maybe their costs are astronomical, maybe they cant generate the ad revenue anymore because google is killing them, maybe team liquid is eating their lunch. | ||
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mindspike
Canada1902 Posts
On October 21 2012 12:33 Sub40APM wrote: you realize...revenue is more than just how many visitors you have. The fact that they had 3 million in revenue 9 years ago is almost meaningless. Maybe their costs are astronomical, maybe they cant generate the ad revenue anymore because google is killing them, maybe team liquid is eating their lunch. I am not arguing any of that. Revenue has nothing to do with costs.....I was merely replying to Cranium. | ||
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Demonhunter04
1530 Posts
On October 17 2012 08:15 Fionn wrote: Incoming EG-IGN? or...e-GIGN. | ||
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mell0w
United States102 Posts
We can finally quantify bad taste! | ||
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jackalope1234
122 Posts
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farnham
1378 Posts
On October 17 2012 08:17 Solarsail wrote: Sales of console hardware and game software are FAR down from their ~2006-07 peaks with Wii and DS. If it wasn't for CoD the HD consoles wouldn't be doing so well either. It makes sense that the value of coverage of games is correspondingly down. Also we know what the hardware is capable of now, so it's hard to get excited about new games being better when they could have been made 5 years ago the same. IGN lives on hype and coverage and previews. Funny how IGN also bashed Wii/DS success by calling it casual and not true hardcore Now as wii and ds died down and only the hardcore remain their hits seem to have died down as well | ||
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farnham
1378 Posts
On October 21 2012 12:33 Sub40APM wrote: you realize...revenue is more than just how many visitors you have. The fact that they had 3 million in revenue 9 years ago is almost meaningless. Maybe their costs are astronomical, maybe they cant generate the ad revenue anymore because google is killing them, maybe team liquid is eating their lunch. Ign had or maybe has stll a paid member modell, which allowed for additinal stuff... Maybe that didnt do so well in the last few years? | ||
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nanospartan
649 Posts
lets goooooo xD | ||
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Seiniyta
Belgium1815 Posts
On October 17 2012 08:44 Erlin. wrote: Can anyone remember back when IGN reviews were actually worth something and not bought out, remember that time when some dude from IGN got fired when he didnt write a positive review about a game ign got money from(thought it was kayne and lynch dont quote me on that though)? No wonder the company has decreased so much in value. The Kane & Lynch thing was Gamespot, not IGN. | ||
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StarStruck
25339 Posts
On October 21 2012 10:42 jmbthirteen wrote: because IPL is a huge part of sc2, with their Las Vegas events and IPTL. The sale of IGN could mean big changes and even the end of IPL. This absolutely belongs in the sc2 section Yup, in fact I believe it would be one of the first things to go. On October 21 2012 15:05 Seiniyta wrote: The Kane & Lynch thing was Gamespot, not IGN. Yup and game review magazines always meant crap to me. Still cannot believe I used to buy all those Game Pro's, Nintendo Power. PC Gamer, etc. when I was young. There's way too much crap out there. | ||
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Sylfyre
Australia222 Posts
On October 17 2012 12:12 Khaldor wrote: Only to shortly afterwards announce a GSTL partnership with LG-IM and produce jewels like EG-IGN-LG-IM-JYP  Don't forget about EG-Lady Call! That's at least one more to tag on there =D | ||
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Irave
United States9965 Posts
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