Pearl Abyss (Crimson Desert) No Longer Wants CCP Games (EVE Online) and Sells Back Icelandic Studio

Pearl Abyss, the South Korean publisher, has sold its Icelandic studio, CCP Games, the developer behind the long-running MMO EVE Online, back to its management team for approximately 177.132 billion South Korean won. Led by CEO Hilmar Pétursson, this acquisition marks the return of the EVE brand to its Icelandic roots. Reports indicate the sale price was around $120 million USD, though other figures have placed it closer to $136 million USD. Pearl Abyss originally acquired CCP Games in 2018, a time when the publisher was not yet widely recognized internationally. The deal at that time helped Pearl Abyss make a notable international entrance. However, since acquiring CCP Games, the company has reported operating losses. These financial challenges are attributed to CCP Games’ focus on expanding the EVE universe through projects like Project Nova, virtual reality ventures, Eve Vanguard, and Eve Frontier.

This recent sale is intended to improve Pearl Abyss’s financial stability and allow the company to concentrate on long-term growth. Despite the change in ownership, CCP Games will continue to operate independently, developing and managing its existing catalog under the direction of Hilmar Pétursson. This transition is expected to have no significant impact on the studio’s activities, as it already operated with considerable autonomy. Analysts view this divestment positively, considering it a move that removes a major source of uncertainty and helps to clean up the group’s accounts. Pearl Abyss highlighted the valuable lessons learned from its collaboration with CCP Games, particularly in managing global communities and the long-term operation of online games—areas where CCP Games is a recognized leader with EVE Online, which has been active for over two decades. While EVE Online has seen a decline in player numbers and engagement in recent years, the relationship between the two entities remains amicable.

Divestment of CCP Games Fuels Pearl Abyss’s Internal Project Expansion after Record-Breaking Crimson Desert Sales

Pearl Abyss’s decision to divest CCP Games comes as the company experiences its own commercial success. Their game Crimson Desert sold 5 million copies in less than a month, a record for a Korean console game. This performance has inspired Pearl Abyss to allocate more resources to its internal projects. CCP Games is currently making excited preparations for EVE Fanfest, scheduled to take place next month in Iceland.

In Case You Missed It

Marcus Thompson has been busy with some fantastic gaming insights! First, he reminds us about the Epic Games Store’s freebie this week in his article “Don’t Forget This Monday: Epic Games Store Drops Doomblade for Free”. If you’re looking to grow your gaming library without spending a fortune, check it out here Don’t Forget This Monday: Epic Games Store Drops Doomblade for Free. Then, he takes us on an exciting journey into Pearl Abyss’s upcoming title, DokeV, in his piece “After Crimson Desert: New Details on Pearl Abyss’s Upcoming Open World Game, DokeV”. Published last month, it gives us a sneak peek into this ambitious project where humans coexist with Dokkaebi creatures and tackles themes like AI integration. You can dive right in here After Crimson Desert: New Details on Pearl Abyss’s Upcoming Open World Game, DokeV. And speaking of exciting news, Ahmed Hassan shares some thrilling updates about Crimson Desert’s upcoming Patch 1.04 in his latest post. This patch promises adjustable difficulties for enhanced accessibility and improved graphics for increased visual appeal, along with new companions, revamped housing, and gameplay refinements galore! If you’re eager to know more about these exciting updates, be sure to check out Ahmed’s post here Crimson Desert Gets Update with Adjustable Difficulties and Visual Enhancements.