Video game maker CD Projekt rises after strategy update, share buyback - Euronews

-Shares in CD Projekt rose on Wednesday as investors digested the Polish video game maker’s line-up of new games that analysts said could boost growth, but also increase risks.

The stock jumped 9% at the open after the company on Tuesday announced long-term plans for new games in its two core franchises, the Witcher and Cyberpunk, and a new original game.

CD Projekt released the first game in the Witcher medieval fantasy franchise in 2007 and added another with “Cyberpunk 2077″ in late 2020.

Credit Suisse analysts noted that adding about 400 staff, as CD Projekt forms a new studio in North America, could increase development costs by 50% as it pays higher U.S.