I can't stand it, I know you planned it
I'ma set it straight, this Watergate
I can't stand rockin' when I'm in here
'Cause your crystal ball ain't so crystal clear
So while you sit back and wonder why
I got this KHEPRIS HORN in my side
Oh my god, it's a mirage
I'm tellin' y'all, it's sabotage
So, so, so, so listen up, 'cause you can't say nothin'
You'll shut me down with a push of your button
But, yo, I'm out and I'm gone
I'll tell you now, I keep it on and on
'Cause what you see, you might not get
And we can bet, so don't you get souped yet
Scheming on a thing, that's a mirage
I'm trying to tell you now, it's sabotage
Smelt it, saw it happening in real time...
Seen it before.
Once where it happened almost exactly like this.
Jim & Pete aren't even original, this is Andy's playbook.
I'm down about it, I reached out after the acquisition. The money never made sense.
I'll break it down in a little more detail than I did in my post:
Sony at the time of acquisition was worth about 115 billion, the gaming part of that was 34.5 billion, so Bungie represented more that 10% of their entire portfolio.
And IF Bungie maintained targets, that meant Bungie had leverage over Sony financials. And that just doesn't happen, you would never do that... literally, until this point in history never happened outside of movies and television where marquee stars become executive producers later for the IP they started on. In some situations, like I'm sure Ryan Reynolds has 30 points for this current Deadpool movie... he didn't have that to start.
And nothing ever at this level.
Jim Ryan made that deal in bad faith, but I'm not 100% convinced there was direct collusion.
I do believe that the takeover was inevitable, and technically Bungie has been a Sony company for 2 years....
However, Pete saw an opportunity and the people around him already didn't like him. So, he tanked.
There was almost 1 billion dollars... 900+ million that Pete was supposed to use for labor and infrastructure. The whole "hiring spree" nonsense... that never really happened.
You can track it, btw... I don't know why journalists are still reporting that nonsense, because that's a gross mischaracterization of what happened.
This is what he did:
He bought residential real estate... Condos.
He brought commercial real-estate... never filled or used.
He brought out the vested shares of employees to limit and diminish employee leverage as shareholders.
None of that money went to labor and infrastructure.
You know I really respect Destin Legarie... but he's still saying things doesn't make sense.
Bungie when they left MS, were not worth 3.4 billion... they weren't even worth 500 million...
In less than 10 years that became 3.4 billion. It is logical ignorance to try to say Bungie was dying... "burning" money means you spend more than you're making.
That's literally impossible given the metrics.
Okay, so that's what Pete spent the money on... not network infrastructure or security whom were already undermanned and underfunded.
And then after Lightfall, when his poor and seemingly deliberate decisions came to roost, he broke his promise in the worst way.
He laid off... Networking and Security.
After Witchqueen, he sent most of senior devs to Marathon... then we got Lightfall.
Surprise, surprise... EXACTLY what Andy did to Bioware, sent all the senior devs to Anthem, because Andromeda needed to fail.
Lightfall couldn't be another Witchqueen... Pete needed it to fail in comparison.
And that's what happened.
And Networking and security teams never got the help they needed, and this is an always online live service game.
Those real estate assets are "locked"... so you can't easily move that money, liquidate... without risking huge losses, even with the market as bullish as it currently is. Venture capitalists would see that desperation, you'd never get your money back out whole.
And then he waited and watched... as the developers at the studio tried to tread water in open tides... they were always going to drown.
And that was perfect for Sony.
Jim lost the FCC case... his live service initiative 10 AAA by 2025? They have 2 now. The Pandemic bubble broke... Jim Ryan resigns. Sony's Gaming portfolio is struggling; as is... much of the industry...
Whether Sony brass was directly involved makes no difference. They got what they wanted.
Control over those capital assets.
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