Thursday, July 29, 2021

Crimson Desert Launch Delayed

In news issued after the closing bell on the Korean Securities Dealers Automated Quotations (KOSDAQ) stock exchange, Pearl Abyss announced a delay in its upcoming game, Crimson Desert.

Since Crimson Desert's gameplay trailer reveal last year, the response we received from the community has been a huge source of encouragement for our team. We would like to thank you for the amazing support and enthusiasm you've shown for our reveal.

We are currently hard at work developing Crimson Desert, which is rapidly evolving with new adventures and exciting experiences. However, we have decided that we need to dedicate more time to adding new ideas for an even deeper, more enriching game. Therefore, in order to create the best possible experience, all the while ensuring the health and safety of everyone involved in delivering the game, we have decided to delay Crimson Desert's release. We will provide an updated schedule in the future.

Thank you for your ongoing support. We wish you and your loved ones the best of health, and we'll keep working hard so that we can meet all of you soon in Pywel.

- The Crimson Desert Team

So far in 2021, the price of Pearl Abyss stock has risen 55%, from ₩50,400 on 4 January to today's close of ₩78,400. The stock price jumped 20.2% on 29 June, the day studio introduced the Corsair class into Black Desert Online

As seen on Google, 29 July 2021

The price of the stock may drop at the start of trading tomorrow as analysts on both the Q4 2020 & Q1 2021 investors calls were concerned about the release date of Crimson Desert. With the delay of Crimson Desert, I expect analysts on the Q2 2021 call in two weeks to ask about the release dates of DokeV and Plan 8.  DokeV is currently scheduled for a 2022 release.

With Pearl Abyss now projected to make less money in 2021 due to the game release, will that affect monetization efforts in its other two IPs, Black Desert and EVE? I believe so.

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