James Sawyer Ford
Member
It is always going to skew towards seniority
-
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Sony is offering Bungie employees a $1.2 billion incentive program in an effort to keep them at the company following the buyout.
- Thread starter remember_spinal
- Start date
- News Sales-Age
It is always going to skew towards seniority
James Sawyer Ford
Member
Ass of Can Whooping
Gold Member
well man i think that at this point is not even worth. that game isn't even hw seller 5b are a lots of money
Ass of Can Whooping
Gold Member
At least read the post before you jump in to shitpost
Edgelord79
Gold Member
That's not relevant here.
Warnen
Don't pass gaas, it is your Destiny!
game of the last 2 generations, small price to pay
Fbh
Member
Bungie doesn't own a lot of IP and Sony made it clear this was about the talent and expertise working on live service games just as much (or more) than it was about Destiny.
So it makes sense to ensure that the talent actually stays. Otherwise you end up with a Bioware: beloved studio with a rich history and well liked IP's.......but no one left who can actually make something worthwhile with it.
So it makes sense to ensure that the talent actually stays. Otherwise you end up with a Bioware: beloved studio with a rich history and well liked IP's.......but no one left who can actually make something worthwhile with it.
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Swift_Star
Banned
A drug that makes him richer and richer while you’re salty making hot takes and saying lies hoping your narratives will change anything in the industry.
Fake
Member
It's relevant, whether you like it or not.
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Edgelord79
Gold Member
Explain how then.
Tchu-Espresso
likes mayo on everthing and can't dance
As it should be?
A studio is nothing without the talent. Look at the failure of the Rare acquisition as an example.
Fake
Member
Remember RARE? That company behind 007, Banjo, etc...
So, what are they doing now? Wonder why?
I already lost the counts about how many times I need to repeat, either neoGAF, twitter, resetera... Companies are just names... fucking names.
Without the people who made the company famouns to begin with, they're nothing.
Or you either let them leave from the company or do something about. This choise will affect the quality of future games.
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Amiga
Member
Depends on where the value is. If I buy Konami it's for the IP. I fire everybody.
Edgelord79
Gold Member
You are derailing the thread. That happened years ago. Microsoft would need a time machine to go back and change it. Besides Rare is doing just fine.
Go make a thread about that if you want to discuss that.
Fake
Member
Is a double edge sword, like this one. Lets see how this can be benefic or not. Again, Sony is sending a good amount of money.
Is on the same subject. If you don't want to discuss press the ignore button and move on.
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bender
What time is it?
Oni was a helluva game though.
Edgelord79
Gold Member
Why are you editing your posts to add insults? That's petty.
El Pistolero
Banned
The guy is incapable of comprehending a paragraph...and he is not the only one, judging by a couple of comments in here...
ethomaz
Banned
It is standard in any big acquisition / fusion.
Oddvintagechap
Banned
I WAS RIGHT. Thats what I been saying. 1 billion is for expenses. Not for the actual value of the studio. BET. It now all makes sense.
Paying top talent is every important.
Paying top talent is every important.
Edgelord79
Gold Member
Interesting. The terms of the deal are far from standard according to Hoeg Law. What do you see here that makes you think otherwise? Genuinely asking here.
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ethomaz
Banned
Can’t you even read?
Rykan
Member
It's the best game they've made. Instant classic.
Yoboman
Member
Kojima is almost 60 so even if you buy his studio you need to be confident in a post Kojima world for the studio
StreetsofBeige
Gold Member
$1.2B retention bonus?
Google says Bungie has "900+ employees" Ok, let's round it off to 1,000 employees.
So Sony's bonus structure rewards the average Bungie employee who sticks around $1,200,000 each?
LOL. Doesn't sound like a lot of confidence that'd stay under normal conditions. So really Bungie is worth $2.4B but they tossed in an extra $1.2B. Makes sense as just about everyone thinks it's crazy for $3.6B straight up for a studio that just makes Destiny.
It's like buying a house whose market price is $240,000, but you tell the sellers you'll pay $360,000 if they promise not to mess up the house before you take ownership.
Google says Bungie has "900+ employees" Ok, let's round it off to 1,000 employees.
So Sony's bonus structure rewards the average Bungie employee who sticks around $1,200,000 each?
LOL. Doesn't sound like a lot of confidence that'd stay under normal conditions. So really Bungie is worth $2.4B but they tossed in an extra $1.2B. Makes sense as just about everyone thinks it's crazy for $3.6B straight up for a studio that just makes Destiny.
It's like buying a house whose market price is $240,000, but you tell the sellers you'll pay $360,000 if they promise not to mess up the house before you take ownership.
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GigaBowser
The bear of bad news
I agree with this but why agree for them to be multiplatform developers moving forward? It sounds like multiplat is their strategy moving forward according to Jim Ryan which doesn't seem like Sony.
KingGhidorah
Banned
so a third of that cost is just bribe money for them not to leave?
this deal sounds worse and worse the more we find out, looks like there's not much real asset that Sony got out of this deal
this deal sounds worse and worse the more we find out, looks like there's not much real asset that Sony got out of this deal
Oddvintagechap
Banned
Apple Offers Bonuses Ranging Up To $180,000 To Retain Workers And Ward Off Meta From Poaching Top Talent
Apple, one of the largest tech companies in the world, is worried, as the war for talent is heating up. The company is particularly concerned over the thousands of new employees Meta—formerly Facebook—will need to build the metaverse.
www.forbes.com
Damn poor little apple.
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James Sawyer Ford
Member
They are a GaaS focused studio.
Being playable on as many platforms as possible is essential to community growth. Exclusivity makes zero sense. Sony is calling MS' bluff with this move.
Lognor
Banned
I wasn't speaking of specifics around the contract but the application of retention programs. They are being used very frequently now given high turnover everywhere.
KingGhidorah
Banned
Apple Offers Bonuses Ranging Up To $180,000 To Retain Workers And Ward Off Meta From Poaching Top Talent
Apple, one of the largest tech companies in the world, is worried, as the war for talent is heating up. The company is particularly concerned over the thousands of new employees Meta—formerly Facebook—will need to build the metaverse.
Damn poor little apple.
Apple has HUGE bank account, even bigger than Microsoft's......Sony on the other hand doesn't have that unlimited fund
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Haint
Member
This would be an incentive package of around 1.3 million US American dollars per employee, in addition to probably all of them owning a significant stake of the private shares Sony paid 2.4 billion for. If I worked for Sony's other studios (Naughty, Sucker, Santa, an especially Insomniac) I'd be holding an all hands on deck meeting and have everyone walking out the door by Monday unless they matched this offer.
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ethomaz
Banned
It is a long term incentive plan.
It is not money on employees hands.
It can be courses, certifications, a better health plan, a retired plan, etc etc etc… and long terms means at least for the next 3 years.
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Oddvintagechap
Banned
Edgelord79
Gold Member
Oh yes. I agree especially now with it being an employee market. Retention programs are definitely becoming more common.
ethomaz
Banned
Bonus is direct money in employee hands.Apple Offers Bonuses Ranging Up To $180,000 To Retain Workers And Ward Off Meta From Poaching Top Talent
Apple, one of the largest tech companies in the world, is worried, as the war for talent is heating up. The company is particularly concerned over the thousands of new employees Meta—formerly Facebook—will need to build the metaverse.
Damn poor little apple.
And it not a long term payment.
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StreetsofBeige
Gold Member
Most of it is two years as Sony is prepping for it. And sounds like payment to me. The employees just got to wait it out. Where does it say any of it is for health and retirement plans etc....? You really think 900 employees across $1.2B of incentive bonus (over $1.2M per employee on average) is going to get most of it in back end health and retirement plans? lol
Even though they might have to wait even 5 years for it, that's still $1.2M per employee to make them stick around.
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V4skunk
Banned
1.2 billion for the employees though?
How many people work at bungie?