Shares in Polish video games maker CD Projekt dropped almost 15per cent to a two-year low on Wednesday after a strategy update aimed at rebuilding investor confidence after a bug-ridden game launch last year backfired.
Analysts said the update gave few details on plans beyond 2021, and some were disappointed by changes to the proposed multiplayer version of its flagship Cyberpunk 2077 game.CD Projekt shares, hit by the botched launch of Cyberpunk 2077 last year, were down 14.7per cent to 185.8 zlotys at 1220 GMT. The company's market value has more than halved since December and now stands at around 20 billion zlotys .
It will also gradually incorporate online elements, including multiplayer options, to its single-player games. Featuring Hollywood star Keanu Reeves, Cyberpunk 2077 was CD Projekt's most-anticipated game since 2015's"The Witcher: Wild Hunt", but its sales came short of expectations after the bug-ridden release, which led Sony Corp to pull the game from its PlaySation store.
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