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It is unclear what this will mean for the IPL, but IGN is a fairly well established giant.
That it was purchased for substantially more worries me about its business in general and that whoever will pick it up may make massive cuts.
"Unable to find a buyer, News Corp. expecting to sell gaming and entertainment sites for around $100 million.
IGN is going up for auction, according to a Wall Street Journal report. After a year of fruitless talks with potential bidders, parent company News Corp. is working with investment bank Allen & Co. to auction off the group of entertainment and video game websites.
News Corp purchased IGN in 2005 for $650 million. Last year, the company also acquired online gaming network UGO and folded its properties (including 1Up.com) into its one-time rival. IGN has also sold a handful of businesses in recent years, including Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. The Wall Street Journal (another News Corp. publication) reports that IGN is expected to sell for about $100 million now.
The paper reports that a number of companies have expressed "at least some interest" in picking up IGN, including Break Media and SAY Media. Recent turnover in IGN management, including president Roy Bahat and News Corp. chief digital officer Jon Miller, was said to have hampered the sales process.
GamesIndustry International contacted IGN for comment, but was referred to a News Corp. representative. This story will be updated should they respond."
http://www.gamesindustry.biz/articles/2012-10-16-ign-going-up-for-auction
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Wait IGN was purchased in 2005 for $650 million and is up for sale for $100mill now? Have they really done that bad as a business overall? Hoping I'm just reading that wrong or something.
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United States15275 Posts
What accounts for the precipitous drop in value?
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Global financial crisis anyone?
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East Gorteau22261 Posts
On October 17 2012 08:07 LuckyFool wrote:
Wait IGN was purchased in 2005 for $650 million and is up for sale for $100mill now? Have they really done that bad as a business overall? Hoping I'm just reading that wrong or something.
Yeah, I was hoping I misunderstood that.
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iNcontroL
USA29055 Posts
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
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Overvalued like many other things in eSport at the moment. I'm looking at you Riot.
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It says they sold other businesses like Rotten Tomatoes. How much total were they all worth?
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
I got 5k but u can still be ceo 
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On October 17 2012 08:07 CosmicSpiral wrote:
What accounts for the precipitous drop in value?
This is purely speculation but I feel the internet is the cause. What do I mean? Well I think people have so much freedom with how they investigate games before they purchase them now that just wasn't available 10-15 years ago when companies similar to IGN thrived. You can use youtube to watch gameplay, reviews, first impressions, talk shows, let's plays, etc. Then you have fansites and forums much like teamliquid, etc. Companies like IGN have a lot more competition and have a lot less power over representing the gaming community now. Competition also is popping up quite rapidly thanks to the relative ease of creating a website today.
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Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN.
On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
I found 45 cents in the cushions, let's do this.
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United States23455 Posts
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Well crap. Goodbye IPL and IPL-related tourneys, I loved you so.
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On October 17 2012 08:10 Doso wrote:
Global financial crisis anyone?
..It's news corp.. aka Rupert Murdoch. Not global, but definitely a crisis of their own. Seems as if it did drop in price, not as much as it appears as yeah they did note other previous sales prior to IGN itself, but still @_@. Hope this doesn't mess up IPL D: D:
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On October 17 2012 08:13 Imperfect1987 wrote:Show nested quote +On October 17 2012 08:07 CosmicSpiral wrote:
What accounts for the precipitous drop in value? This is purely speculation but I feel the internet is the cause. What do I mean? Well I think people have so much freedom with how they investigate games before they purchase them now that just wasn't available 10-15 years ago when companies similar to IGN thrived. You can use youtube to watch gameplay, reviews, first impressions, talk shows, let's plays, etc. Then you have fansites and forums much like teamliquid, etc. Companies like IGN have a lot more competition and have a lot less power over representing the gaming community now. Competition also is popping up quite rapidly thanks to the relative ease of creating a website today.
I think this is the closest to an answer we can get without delving too hard into the business of gaming websites. IGN is no longer a monopoly in the world, there are literally thousands of gaming websites just like IGN who offer similar services. IGN is only really different from the others in being more respected, established and wealthier (IPL is a unique venture amongst videogame websites I think).
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I have 3k, but we are a little short.
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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.
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SUch a bad new Fuck, I love IPL and FightClub and everything IPL have done for us
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On October 17 2012 08:13 Mr.Apathetic wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo
I'll throw in 10k as long as I get a position in Esports management!
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On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN?
Oh lord...what a pain that would be x.x
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Guys, hurry up and turn off ad-block so TL can buy IGN.
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gaming news sites are becoming super irrelevant when there's so many sites that cater to a specific game, genre or niche.
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On October 17 2012 08:18 Integra wrote:Show nested quote +On October 17 2012 08:13 Mr.Apathetic wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo I'll throw in 10k as long as I get a position in Esports management!
I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military 
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On October 17 2012 08:20 Jonoman92 wrote:
Guys, hurry up and turn off ad-block so TL can buy IGN.
EGTL-IGN.
The world explodes.
And foreigners + TL/EG Koreans get seeded into top bracket of every IPL.
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On October 17 2012 08:16 PhoenixVoid wrote:Show nested quote +On October 17 2012 08:13 Imperfect1987 wrote:On October 17 2012 08:07 CosmicSpiral wrote:
What accounts for the precipitous drop in value? This is purely speculation but I feel the internet is the cause. What do I mean? Well I think people have so much freedom with how they investigate games before they purchase them now that just wasn't available 10-15 years ago when companies similar to IGN thrived. You can use youtube to watch gameplay, reviews, first impressions, talk shows, let's plays, etc. Then you have fansites and forums much like teamliquid, etc. Companies like IGN have a lot more competition and have a lot less power over representing the gaming community now. Competition also is popping up quite rapidly thanks to the relative ease of creating a website today. I think this is the closest to an answer we can get without delving too hard into the business of gaming websites. IGN is no longer a monopoly in the world, there are literally thousands of gaming websites just like IGN who offer similar services. IGN is only really different from the others in being more respected, established and wealthier (IPL is a unique venture amongst videogame websites I think).
pretty much. I remember when i use to use gamespot and IGN to check out up coming games and reviews. Not so much anymore.
Also, to people who are saying they bought it for 650 mil and now selling 100 and wondering why; you should take note that they sold gamespy, rotten tomato, and other brands before this. the 650 mil included the purchasing of those sites. the 100 mil is just IGN. It probably still lost alot of value, just not the 650m to 100m the articles states.
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If EG decides to drop Huk and Stephano they would be able to buy IGN a million times over.
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United States15275 Posts
On October 17 2012 08:26 Falconblade wrote:Show nested quote +On October 17 2012 08:20 Jonoman92 wrote:
Guys, hurry up and turn off ad-block so TL can buy IGN. EGTL-IGN.
EGTL-IGN-JYP-RC.
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On October 17 2012 08:07 LuckyFool wrote:
Wait IGN was purchased in 2005 for $650 million and is up for sale for $100mill now? Have they really done that bad as a business overall? Hoping I'm just reading that wrong or something.
It's obvious that losing websites like RottenTomatoes and GameSpy would make the price of the group drop substantially.
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iNcontroL
USA29055 Posts
EGMCSLIPTLRC brought to you by MONSTER
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Hmm, IGN must pissed off some companies by giving them some shit review score, ... oh wait, I think the game company themselves are all closing.
It's not surprising that hardcore gamers are decreasing, I don't know the reason but I think I only play 2-3 xbox game and 1-2 PS games per year now, no need to mention my Wii has been in the shelf for at least 2 years. Even have no motivation to buy a ps vita coz I dont know what to play on it. Back in ten years I was a really hardcore gamer and spend like 75% of my spare time on games. I dont know why but I am so sick of nowadays games and there are so few worthy games to play I guess.
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On October 17 2012 08:31 iNcontroL wrote:
EGMCSLIPTLRC brought to you by MONSTER
there clearly is room for MVP somewhere in there!
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
You have my axe!
And up to 75 dollars.
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On October 17 2012 08:33 rotegirte wrote:Show nested quote +On October 17 2012 08:31 iNcontroL wrote:
EGMCSLIPTLRC brought to you by MONSTER there clearly is room for MVP somewhere in there!
Next thing you know, MYMMvPEGMCSLIPTLRC.
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It makes sense that they are selling for a lot less since they have sold other websites that came with the original purchase. Still it is a big drop and sad to see.
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EGRCLG-IM IPMCSL powered by Monster.
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The $650 million included Rotten Tomatoes, Direct2Drive, and GameSpy Technologies as far as I can tell since they were part of IGN back then and those have alerady been sold, that explains some of the reson for the huge drop.
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On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN?
EG-IGN-RC-JYP
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On October 17 2012 08:38 PhoenixVoid wrote:Show nested quote +On October 17 2012 08:33 rotegirte wrote:On October 17 2012 08:31 iNcontroL wrote:
EGMCSLIPTLRC brought to you by MONSTER there clearly is room for MVP somewhere in there! Next thing you know, MYMMvPEGMCSLIPTLRC.
lets not forget the Korean power house IM
LG-IMMyMMvPEGMCSLIPTLRC
on a serious note, this is certainly worrying for IPL. They aren't exactly profitable so to whomever buys them, if they aren't familiar with esports, they could be cut very easily.
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Incontrol could become IGNcontroL (note that in french, the ng sound is actually gn). We'd have the EGN MCSL and Kevin Knocke would be cursed and his beard would be reduced to a chin strap (nothing against chin straps but his beard is epic).
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
Do you think they accept small bits of string as currency?
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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.
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On October 17 2012 08:33 rotegirte wrote:Show nested quote +On October 17 2012 08:31 iNcontroL wrote:
EGMCSLIPTLRC brought to you by MONSTER there clearly is room for MVP somewhere in there!
LG-IM should sponsor.
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If im reading it correctly, it says IGN was bought as a package for 650m that included Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. They have since sold it off and now just the IGN we know remains and they want to sell that for 100m.
Seems fair enough!
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I'm not really worried for IGN. It'll probably just be a change of ownership, it's not like the company is dissolving. If Kraft were to sell Nabisco I wouldn't expect there to suddenly be an oreo cookie crisis across the world.
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i reckon the drop in price is cos of all the subs that they've already sold off
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Would love to see what the $100 million evaluation is based on, ie. what kinds of sales they do and assets.
I think we will see it being liquidated for far less.
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damn yo i got a grand as long as i can do something cast or something yo
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Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard.
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On October 17 2012 08:05 Dr.Sin wrote:
News Corp purchased IGN in 2005 for $650 million. Last year, the company also acquired online gaming network UGO and folded its properties (including 1Up.com) into its one-time rival. IGN has also sold a handful of businesses in recent years, including Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. The Wall Street Journal (another News Corp. publication) reports that IGN is expected to sell for about $100 million now.
Since IGN was bought when they owned Rotten Tomatoes, Direct2Drive, and Gamespy for 650 million.
The IGN value probably fell but you have to exclude the value of those three business as well. Rotten Tomatoes sold to Flixster who was sold to Warner Bros, D2D sold to Gamefly, Gamespy sold to Glu Mobile.
WSJ Article has a bit more detail not much than the gamesindustry.biz artile:
http://online.wsj.com/article/BT-CO-20121015-712650.html
It's still a large drop in value...
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On October 17 2012 08:32 eleaf wrote:
Hmm, IGN must pissed off some companies by giving them some shit review score, ... oh wait, I think the game company themselves are all closing.
It's not surprising that hardcore gamers are decreasing, I don't know the reason but I think I only play 2-3 xbox game and 1-2 PS games per year now, no need to mention my Wii has been in the shelf for at least 2 years. Even have no motivation to buy a ps vita coz I dont know what to play on it. Back in ten years I was a really hardcore gamer and spend like 75% of my spare time on games. I dont know why but I am so sick of nowadays games and there are so few worthy games to play I guess.
Might honestly be you getting older or having less time than 10 years ago, I am pretty sure there are a lot of "hardcore gamers" who spend 75% of their time in front of their pcs in the upcoming generation aswell.
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On October 17 2012 08:13 Mr.Apathetic wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo
i got 1k =D
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
OK! i'll back you up with another 3k$! let's do thiiiiiiiiis!
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
you have my 5 bucks.
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party.
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If IGN's worth is 100mill then isn't it too much to run IPL 2x a year?
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Med school acceptance in canada will result in an automatic acceptance for a 100k line of credit at any bank.
If we forge 1000 acceptances, ezpz we have a media company.
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On October 17 2012 08:40 TaKemE wrote:
The $650 million included Rotten Tomatoes, Direct2Drive, and GameSpy Technologies as far as I can tell since they were part of IGN back then and those have alerady been sold, that explains some of the reson for the huge drop.
I can't imagine Direct2Drive or GameSpy selling for much. GameSpy things were such a friggin' pain in the ass, and Direct2Drive is totally useless when compared to Steam. And this is coming from someone who has utilized around $300 in Direct2Drive before due to tournament prize winnings (don't get me wrong, it worked absolutely fine, and the games were priced about right, it's just steam is SOOOO much better).
I wonder how much Rotten Tomatoes sold for. I would imagine it has the most value.
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pissed too much money away i guess.
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United States33407 Posts
I can chip in like 200 bucks if they're willing to sell IPL separately. That brings us to...
$38,280.45
+10k minerals, a 6 pack, and a pack of smokes.
On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
On October 17 2012 08:13 Mr.Apathetic wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo
On October 17 2012 08:14 lubu42 wrote:Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN. Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I found 45 cents in the cushions, let's do this.
On October 17 2012 08:17 lordofsoup wrote:
I have 3k, but we are a little short.
On October 17 2012 08:18 Integra wrote:
I'll throw in 10k as long as I get a position in Esports management!
On October 17 2012 08:23 BadgKat wrote:I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military
On October 17 2012 08:35 EtDecius wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! You have my axe! And up to 75 dollars.
On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo
On October 17 2012 08:59 ki11z0ne wrote:
i got 1k =D
On October 17 2012 09:07 SilSol wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! OK! i'll back you up with another 3k$! let's do thiiiiiiiiis!
On October 17 2012 09:11 Bodzilla wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! you have my 5 bucks.
On October 17 2012 09:15 Loxley wrote:Show nested quote +On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party.
On October 17 2012 08:55 phodacbiet wrote:
Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard.
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On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo
nvm
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I think the owners are making a good decision to sell it while it still has some value. Dunno how you would be able to make it profitable
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This is quite interesting. I wasnt even aware that they were in trouble. I assume that the current company isnt folding (the news corp or whatever they are) isnt finding IGN as profitable as they like, so to prevent further losses are handing it off? Just speculation of course.
Now to the matter at hand. InControl, I will back your 3k with my own 5k. Lets do this!
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On October 17 2012 08:07 CosmicSpiral wrote:
What accounts for the precipitous drop in value?
Newscorp is terrible at managing electronic businesses after they buy them. Myspace and now IGN. Anyway, too bad for IGN but they are screwed. Unless someone buys them who is just a fan of esports, like a rich facebook or google guy with too much money on his hands, they'll get bought by someone who will come in and slash costs to the bone.
Too bad for Catspijamas and Doa. I liked those guys.
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On October 17 2012 10:57 Sub40APM wrote:Show nested quote +On October 17 2012 08:07 CosmicSpiral wrote:
What accounts for the precipitous drop in value? Newscorp is terrible at managing electronic businesses after they buy them. Myspace and now IGN. Anyway, too bad for IGN but they are screwed. Unless someone buys them who is just a fan of esports, like a rich facebook or google guy with too much money on his hands, they'll get bought by someone who will come in and slash costs to the bone. Too bad for Catspijamas and Doa. I liked those guys.
Doa's already over in Korea with the OSL.
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On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN?
Does EG even have that much money? Is TL really pooling money together to buy IGN? :D
I'm not surprised IGN is doing this bad... They never stood out to me for some reason.
I'm putting in $2000.
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I got 1k and I can clean houses and mow lawns all summer!!
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Put me down for 10 bucks. I expect market conform ROI.
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can you imagine the mess IGN would be if we owned it?
I'll pitch in $100
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Ugh I bet IGN is gonna sign with EG now :-(
*edit*
Aww somebody beat me to that joke
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Im good for 10K but I want to be the CFO
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I do honestly wonder what just the IPL is worth.
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I'll throw in 4k. I want to be the CFO.
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sign of times. get used to it. few years ago apple was crap now its hot. wait another decade.
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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.
holy shit i remember that thing... must have been more than 10 years ago! I was like 14 back then ...
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I'm in if i can be Vice President.... no wait JUNIOR Vice President!!....
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Do they take ESPORTS dollars?
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Show nested quote +On October 17 2012 10:50 Waxangel wrote:I can chip in like 200 bucks if they're willing to sell IPL separately. That brings us to... $38,280.45 +10k minerals, a 6 pack, and a pack of smokes. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! On October 17 2012 08:13 Mr.Apathetic wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo On October 17 2012 08:14 lubu42 wrote:Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I found 45 cents in the cushions, let's do this. On October 17 2012 08:17 lordofsoup wrote:
I have 3k, but we are a little short. On October 17 2012 08:18 Integra wrote:
I'll throw in 10k as long as I get a position in Esports management! On October 17 2012 08:23 BadgKat wrote:I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military On October 17 2012 08:35 EtDecius wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! You have my axe! And up to 75 dollars. On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo On October 17 2012 08:59 ki11z0ne wrote:
i got 1k =D
On October 17 2012 09:07 SilSol wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! OK! i'll back you up with another 3k$! let's do thiiiiiiiiis! On October 17 2012 09:11 Bodzilla wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! you have my 5 bucks. On October 17 2012 09:15 Loxley wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party. On October 17 2012 08:55 phodacbiet wrote:
Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard.
i got $1k on this
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On October 17 2012 11:51 QuanticState wrote:Show nested quote +On October 17 2012 10:50 Waxangel wrote:I can chip in like 200 bucks if they're willing to sell IPL separately. That brings us to... $38,280.45 +10k minerals, a 6 pack, and a pack of smokes. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! On October 17 2012 08:13 Mr.Apathetic wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo On October 17 2012 08:14 lubu42 wrote:Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I found 45 cents in the cushions, let's do this. On October 17 2012 08:17 lordofsoup wrote:
I have 3k, but we are a little short. On October 17 2012 08:18 Integra wrote:
I'll throw in 10k as long as I get a position in Esports management! On October 17 2012 08:23 BadgKat wrote:I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military On October 17 2012 08:35 EtDecius wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! You have my axe! And up to 75 dollars. On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo On October 17 2012 08:59 ki11z0ne wrote:
i got 1k =D
On October 17 2012 09:07 SilSol wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! OK! i'll back you up with another 3k$! let's do thiiiiiiiiis! On October 17 2012 09:11 Bodzilla wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! you have my 5 bucks. On October 17 2012 09:15 Loxley wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party. On October 17 2012 08:55 phodacbiet wrote:
Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard. i got $1k on this
I'll put in $1.5k
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On October 17 2012 11:56 QuanticIllusion wrote:Show nested quote +On October 17 2012 11:51 QuanticState wrote:On October 17 2012 10:50 Waxangel wrote:I can chip in like 200 bucks if they're willing to sell IPL separately. That brings us to... $38,280.45 +10k minerals, a 6 pack, and a pack of smokes. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! On October 17 2012 08:13 Mr.Apathetic wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo On October 17 2012 08:14 lubu42 wrote:Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I found 45 cents in the cushions, let's do this. On October 17 2012 08:17 lordofsoup wrote:
I have 3k, but we are a little short. On October 17 2012 08:18 Integra wrote:
I'll throw in 10k as long as I get a position in Esports management! On October 17 2012 08:23 BadgKat wrote:I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military On October 17 2012 08:35 EtDecius wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! You have my axe! And up to 75 dollars. On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo On October 17 2012 08:59 ki11z0ne wrote:
i got 1k =D
On October 17 2012 09:07 SilSol wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! OK! i'll back you up with another 3k$! let's do thiiiiiiiiis! On October 17 2012 09:11 Bodzilla wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! you have my 5 bucks. On October 17 2012 09:15 Loxley wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party. On October 17 2012 08:55 phodacbiet wrote:
Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard. i got $1k on this I'll put in $1.5k
i see your $1.5k and reraise you $1k
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On October 17 2012 11:56 QuanticState wrote:Show nested quote +On October 17 2012 11:56 QuanticIllusion wrote:On October 17 2012 11:51 QuanticState wrote:On October 17 2012 10:50 Waxangel wrote:I can chip in like 200 bucks if they're willing to sell IPL separately. That brings us to... $38,280.45 +10k minerals, a 6 pack, and a pack of smokes. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! On October 17 2012 08:13 Mr.Apathetic wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo On October 17 2012 08:14 lubu42 wrote:Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I found 45 cents in the cushions, let's do this. On October 17 2012 08:17 lordofsoup wrote:
I have 3k, but we are a little short. On October 17 2012 08:18 Integra wrote:
I'll throw in 10k as long as I get a position in Esports management! On October 17 2012 08:23 BadgKat wrote:I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military On October 17 2012 08:35 EtDecius wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! You have my axe! And up to 75 dollars. On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo On October 17 2012 08:59 ki11z0ne wrote:
i got 1k =D
On October 17 2012 09:07 SilSol wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! OK! i'll back you up with another 3k$! let's do thiiiiiiiiis! On October 17 2012 09:11 Bodzilla wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! you have my 5 bucks. On October 17 2012 09:15 Loxley wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party. On October 17 2012 08:55 phodacbiet wrote:
Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard. i got $1k on this I'll put in $1.5k i see your $1.5k and reraise you $1k
i will put in OVER $9000
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On October 17 2012 11:56 QuanticState wrote:Show nested quote +On October 17 2012 11:56 QuanticIllusion wrote:On October 17 2012 11:51 QuanticState wrote:On October 17 2012 10:50 Waxangel wrote:I can chip in like 200 bucks if they're willing to sell IPL separately. That brings us to... $38,280.45 +10k minerals, a 6 pack, and a pack of smokes. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! On October 17 2012 08:13 Mr.Apathetic wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I got 5k but u can still be ceo On October 17 2012 08:14 lubu42 wrote:Hmm, kind of depressing seeing those numbers :/ Wouldn't have expected that. I love my IGN. On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I found 45 cents in the cushions, let's do this. On October 17 2012 08:17 lordofsoup wrote:
I have 3k, but we are a little short. On October 17 2012 08:18 Integra wrote:
I'll throw in 10k as long as I get a position in Esports management! On October 17 2012 08:23 BadgKat wrote:I think I can convince my wife to let me throw in like 12k if you can promise me a job after I get out the military On October 17 2012 08:35 EtDecius wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! You have my axe! And up to 75 dollars. On October 17 2012 08:55 starslayer wrote:
damn yo i got a grand as long as i can do something cast or something yo On October 17 2012 08:59 ki11z0ne wrote:
i got 1k =D
On October 17 2012 09:07 SilSol wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! OK! i'll back you up with another 3k$! let's do thiiiiiiiiis! On October 17 2012 09:11 Bodzilla wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! you have my 5 bucks. On October 17 2012 09:15 Loxley wrote:On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! i'll throw in a 6 pack and a pack of smokes. Let me know when im needed at the business party. On October 17 2012 08:55 phodacbiet wrote:
Do you think they take minerals? I am plat and i have about 10k in the bank cause endgame is hard. i got $1k on this I'll put in $1.5k i see your $1.5k and reraise you $1k
Call $1k Let's see the flop
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On October 17 2012 08:31 iNcontroL wrote:
EGMCSLIPTLRC brought to you by MONSTER
You forgot ONOG.
EGMCSLIPTLONOGRC
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On October 17 2012 11:07 geokilla wrote:Does EG even have that much money? Is TL really pooling money together to buy IGN? :D I'm not surprised IGN is doing this bad... They never stood out to me for some reason. I'm putting in $2000.
1. Does EG even have that much money?
Proves you didn't read anything in this thread.
2. Is TL really pooling money together to buy IGN?
Where did u get that information?.. EG is not TL.. And all the users on here including yourself is not a member of TL
3. :D
That happy face. Why? Are you excited about that? I dont get it
4. I'm not surprised IGN is doing this bad... They never stood out to me for some reason.
and then
5.I'm putting in $2000
is like WTF dude... First of all you are not surprised they are doing bad simply because they didnt stand out to YOU? lol... and then you are willing to do a 2000$ investment (which is obviously all talk) just because other people are?
That entire post is much worse than this one.
And another thing, IGN hasn't been sold yet, and even when it does, it might not change anything. So dont worry so much...
But if we do go ahead and pool money together i would donate 100€... I wont stand idly by and watch the killing of e-sports!! But i am just a poor student
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I believe the flop is IGN... ?
But yeah, its hard to make money of online advertising. And the financial crisis, that probably didnt help much.
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On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN?
Only to shortly afterwards announce a GSTL partnership with LG-IM and produce jewels like EG-IGN-LG-IM-JYP 
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i got 500$
whats that bring our total up to.
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I wonder if they will sell for any less than 100 mio...
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On October 17 2012 12:17 FXOBoSs wrote:
I wonder if they will sell for any less than 100 mio...
my guess is yes. but my guess is worth less than 100 pennies
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On October 17 2012 12:17 FXOBoSs wrote:
I wonder if they will sell for any less than 100 mio...
Depends on how desperate they are.
On a side note, I'll throw in $20
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On October 17 2012 12:17 FXOBoSs wrote:
I wonder if they will sell for any less than 100 mio...
Gogo buy IGN
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plott twist, bain capital buys ign, outsources the ipl to china and we finally see chinese players outside of wcs asia.
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If someone is devaluing their company by 500 million, I wouldn't touch it with a 10 million foot pole.
Its a desperation sell and it will get chomped up by some shark who will then drive it further into the ground.
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Hoping this doesn't mean the end of IPL. They are what got me into Sc2, and I would be really sad if they died
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650 million to 100 million equals "What the hell is going on with IGN?"
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News Corp purchased IGN in 2005 for $650 million. Last year, the company also acquired online gaming network UGO and folded its properties (including 1Up.com) into its one-time rival. IGN has also sold a handful of businesses in recent years, including Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. The Wall Street Journal (another News Corp. publication) reports that IGN is expected to sell for about $100 million now.
Can somebody explain this to me?
Is IGN a whole thing included RT, D2D, gamespy,.... and it was sold off bit by bit over the year, now they only have $100 million piece of business left?
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
4k right here!! lets do this Leeroyyyy jenkins style! :D
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On October 17 2012 12:46 canikizu wrote:Show nested quote +
News Corp purchased IGN in 2005 for $650 million. Last year, the company also acquired online gaming network UGO and folded its properties (including 1Up.com) into its one-time rival. IGN has also sold a handful of businesses in recent years, including Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. The Wall Street Journal (another News Corp. publication) reports that IGN is expected to sell for about $100 million now.
Can somebody explain this to me? Is IGN a whole thing included RT, D2D, gamespy,.... and it was sold off bit by bit over the year, now they only have $100 million piece of business left?
Pretty much.
That doesn't mean the bits they sold off were worth $550mil, just that the bits left are now considered to be worth $100m.
It wouldn't surprise me if News Corp make a big loss overall.
Apparently they own Askmen, Gamespy (website), IGN and some other sites.
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On October 17 2012 12:26 FXOBoSs wrote:
If someone is devaluing their company by 500 million, I wouldn't touch it with a 10 million foot pole.
Its a desperation sell and it will get chomped up by some shark who will then drive it further into the ground.
they bought it for 600 million when 3-4 other subs were with it, they sold those other comppanies since thus why ign is only oging for 100 mil
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$100 mil? Worth $2 million tops. Where is their revenue coming from exactly? Tiny dollars from ads?
IGN is one of many "we don't make money" internet websites out there that somehow want to value them high because, oddly enough, someone is dumb enough to think they might be worth $100 million if that's what they announce. It's a hysteria that will die in the next stock crash when people stop believing the hype and start asking "where's the profit?"
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Thank you internet wunderkid investment extraordinaire cz. Now take your brilliant message to any interested party and let them know that you have to real scoop.
Its flagship gaming site IGN.com (along with GameSpy, FilePlanet, and TeamXbox) is the US's leading gaming network; IGN also operates lifestyle site AskMen.com. Together, its IGN sites attract more than 40 million unique monthly visitors globally (in the US, Australia, and Germany).
I'm sure what you meant to say was something like,
"I don't know much about IGN but I don't like the website. Easily attainable financial information on IGN that shows over 200 employees, some paid six figure salaries or higher. IGN offers an extensive selection of products over a dozen websites. I'm sure the 16 year old company has some means of income even though I'm just too lazy to look or think about it before i post"
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On October 17 2012 12:57 cz wrote:
$100 mil? Worth $2 million tops. Where is their revenue coming from exactly? Tiny dollars from ads?
IGN is one of many "we don't make money" internet websites out there that somehow want to value them high because, oddly enough, someone is dumb enough to think they might be worth $100 million if that's what they announce. It's a hysteria that will die in the next stock crash when people stop believing the hype and start asking "where's the profit?" I don't know what kind of traffic they get now, but in 2005 IGN was hugely popular. They operated one of the busiest message boards on the internet and actually made rather large dollars in ad revenue.
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I dont think its as much it being run poorly as it being overvalued when it was bought.
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Come on guys, we can take like $400k in real money and just convert it into $50M in eSports money, give it to Scoots, let him match it with another $50M in dirty money, give Nazgul the web site, Scoots IPL, my players (see the bidding ware earlier in the thread between State and Illusion) can put in their $3.5k, which once again would be like $5M eSports dollars, so we could likely get the TeSPA guys on board, and run the entire IPL with that budget for a few years, my co-owner Chuckie from Google can run the network and servers, and I'll be the janitor, which in eSports is an important job, since we tend to have a few messes to clean up on occasion. Ha!
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
Im in I got 100 euro thats worth like $10k right?
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I got 100,000 won
am i lcose?
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
I've got 43 bucks. I'm trying to save for Green Day tickets, but I'm willing to make these sacrifices
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I remember GameSpy. I actually kinda liked that service. Though I was 9 and I only used it for Medal of Honor: Allied Assault. It kinda died a while back from what I remember. Or at least it isn't nearly as big as it was when I used it. MoH and Battlefield 1942 were huge on it.
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On October 17 2012 13:53 Ben... wrote:
I remember GameSpy. I actually kinda liked that service. Though I was 9 and I only used it for Medal of Honor: Allied Assault. It kinda died a while back from what I remember. Or at least it isn't nearly as big as it was when I used it. MoH and Battlefield 1942 were huge on it.
Gamespy was ass, I remember giving up on warcraft 2 multiplayer because it was so crap. Thank god for bnet 1.0, HUGE improvement. Oddly enough, bnet 2.0 proved to be worse then gamespy, at least gamespy had chat.
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someone should start a kickstarter to buy it LOL
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I am willing to sack getting a new pc and throw in £1500~
Really hope this doesn't affect the IPL or any of the other leagues going on, really like their content :/
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IGN is no longer relevent, and their reputation for extremely poor journalism and biase towards companys advertising on their website is well know.
It's a shame the brand isnt vanishing entirely.
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Ok I'll bite I'll offer 100 million Rupees.
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would trade it for a dota2 beta key
where can i find the steam account from the ceo?
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Yeah i hope ipl survives. And also, 1450$
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Wow that's an immense drop if those figures are accurate.
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I would throw in 2000€ and hope that Boss takes over the negotiations. He convinced me we should pay less than half the price they want
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On October 21 2012 09:06 CajunMan wrote:
Ok I'll bite I'll offer 100 million Rupees.
That almost puts us over 2 million dollars with the other peoples pledges. Awesome.
I could chip in 7k? But, I need around 1k/month after taxes as a return on my investment... Could work for it.
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I'll put down 10000
pennies
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On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN?
EG-IGN-MMA-RC anyone?
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What? This feels like BW all over again.
Is this gonna be one of the early signs of collapse the we refuse to recognize, until later everything just falls? I hope Blizzard and the rest figure out a solution to this problem.
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
I.
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On October 21 2012 10:10 Abort Retry Fail wrote:
What? This feels like BW all over again.
Is this gonna be one of the early signs of collapse the we refuse to recognize, until later everything just falls? I hope Blizzard and the rest figure out a solution to this problem.
IPL is only a single part of IGN. This doesn't have much to do with SC2 aside from "IPL might go away if their buyer doesn't want to fund it anymore".
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How did the value drop from 650m to 100m? I never felt any degrading vibes or anything from IGN, they seem to still be towards the top of the food chain in the media review site categories.
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On October 21 2012 10:10 Abort Retry Fail wrote:
What? This feels like BW all over again.
Is this gonna be one of the early signs of collapse the we refuse to recognize, until later everything just falls? I hope Blizzard and the rest figure out a solution to this problem.
Please elaborate. I wasn't here in BW to witness what you are referring to.
Is it just an similarity of sponors/companies pulling out of foreign scene and the chain reaction?
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wtf is with all these posts "i'll chip in xx dollars"
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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.
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i stopped listening to these when twitch started to play the games. also seeing games like metal gear solid 4 getting a 10/10 and other games like this getting ridiculous scores. they gave resi evil a below average mark! (gs did anyway) i dont care what you say, that game wasnt less than average! Listen to yourselves!
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On October 21 2012 10:15 AnomalySC2 wrote:
How did the value drop from 650m to 100m? I never felt any degrading vibes or anything from IGN, they seem to still be towards the top of the food chain in the media review site categories.
Maybe you missed the part where some of their employees where racist idiots? Well, that wasn't pretty.
Not to mention their quality dropped over the years and at one point they were just spamming content because they could.
Haven't been on the IGN website for years, sucks for IPL if it hits them but i couldn't care less about IGN.
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On October 17 2012 08:11 iNcontroL wrote:
ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?!
PFFFT thats it? Lemme go look at my books and tell you how much I have.......
$43.57...... maybe I can be a secretary? Mail boy?
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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.
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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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Just wait 14 months and I can chip in 5kt too! Might as well use the military bonus for something useful amirite?
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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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IGN was a big deal for walkthroughs for console games back in the day when nobody, i mean nobody made any walkthroughs except them(for sick game with sick story lines, unlike these graphic games we have today with no story line). Now most people play some type of online-interactive game which doesn't exactly require a walkthrough.
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On October 21 2012 12:18 mindspike wrote:Show nested quote +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: Show nested quote +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-RevenueWhat'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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On October 21 2012 12:33 Sub40APM wrote:Show nested quote +On October 21 2012 12:18 mindspike wrote: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-RevenueWhat'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.
I am not arguing any of that.
Revenue has nothing to do with costs.....I was merely replying to Cranium.
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On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN?
or...e-GIGN.
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Let it be known: awful game reviews = -$550m.
We can finally quantify bad taste!
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The price disparity is likely due to the assets they purchased as well as ign.com when they bought them. Seeing as they sold many sister sites all owned by ign.com.
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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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On October 21 2012 12:33 Sub40APM wrote:Show nested quote +On October 21 2012 12:18 mindspike wrote: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-RevenueWhat'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.
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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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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On October 21 2012 10:42 jmbthirteen wrote:Show nested quote +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
Yup, in fact I believe it would be one of the first things to go.
On October 21 2012 15:05 Seiniyta wrote:Show nested quote +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.
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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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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So we are almost up to 100k, that's pretty close guys!
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On October 21 2012 18:21 Sylfyre wrote:Show nested quote +On October 17 2012 12:12 Khaldor wrote:On October 17 2012 08:15 Fionn wrote:
Incoming EG-IGN? 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
Forgot the RC :D
EDIT: EG-IGN-LG-IM-JYP-RC or EGIGNLGIMJYPRC
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On October 21 2012 10:15 AnomalySC2 wrote:
How did the value drop from 650m to 100m? I never felt any degrading vibes or anything from IGN, they seem to still be towards the top of the food chain in the media review site categories.
They were never worth $650m, this is just another example of News Corp failing when it comes to online acquisitions. See MySpace as another example. Bought for about $600,000,000, sold for $35,000,000.
It turns out "be a popular website" isn't on its own a business model that justifies paying $600,000,000. Who knew?
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I have like 900 dollars in scholarship refunds I was going to spend on alcohol and hot pockets, but I'm willing to cut corners as long as I get a corner office =D
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On October 21 2012 19:53 Golbat wrote:
I have like 900 dollars in scholarship refunds I was going to spend on alcohol and hot pockets, but I'm willing to cut corners as long as I get a corner office =D
I'm down for chipping in too so long as I can get a corner office as well.
And if we can all agree to have 1 Friday of every month be Hawaiian shirt day.
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On October 21 2012 18:49 Anonymous_Coward wrote:Show nested quote +On October 21 2012 10:15 AnomalySC2 wrote:
How did the value drop from 650m to 100m? I never felt any degrading vibes or anything from IGN, they seem to still be towards the top of the food chain in the media review site categories. They were never worth $650m, this is just another example of News Corp failing when it comes to online acquisitions. See MySpace as another example. Bought for about $600,000,000, sold for $35,000,000. It turns out "be a popular website" isn't on its own a business model that justifies paying $600,000,000. Who knew?
I thought it was $500m for 50% of it. Guess I was wrong o.o
Edit: My bad, was thinking of something else.
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I am in with 20€. That's about 500$.
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cbs will wait till the price drops, buy it and then own the whole shebang
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EPT
