Horrible state of F1 22
Hello, For last two months I wasn´t playing F1 22 a lot. Today I really wanted to do some racing and I´m again dissapointed. I spent 2 hours trying to play multiplayer. I was getting errors while t...
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I'm with @TotosHeadphones here. I really don't think FOM would put pressure on EA and Codies for a better game, turn it into a love project or something to that extent. As long as it the sales and revenue are maintained at a satisfactory level.
And I wouldn't be so inclined to call their licensing deal with Codies a "sacred cash cow". This is not FIFA. Like, for real.
Though it's been reported to gross FIFA around $150M annually, we don't have exact figures. According to FIFA annual reports (here) though, their revenue from licensing rights in more, let's say, less grandiose years aka non-Wold Cup years have been around 21% up to 60% of their total revenue.
Now with the Formula One Group things are even more opaque as I could only find this from their operating results in their 2022 Annual Report (here):
Given how broader of a category "other revenue" is opposed to "licensing rights" as per the FIFA reports, yeah...
Only the increase in 2021 revenue is partially attributed to their games licensing agreements:
Other Formula 1 revenue increased $180 million and $170 million during the years ended December 31, 2022 and 2021, respectively, as compared to the corresponding periods in the prior year. The 2022 increase was primarily due to the ability to undertake a greater scope of activities when compared to 2021 due to the reduced impact of COVID-19. The Formula One Paddock Club operated at 19 Events in 2022 compared to only 11 Events during 2021, with increased attendance at 2022 Events. In addition, freight revenue increased in 2022 as compared to 2021 due to the increased number of Events outside of Europe and the impact of freight cost inflation on billing rates. The 2021 increase was driven by hospitality revenue generated from the sale of tickets to the Formula One Paddock Club, which only operated at one Event in 2020 due to COVID-19 related restrictions, higher licensing revenue from growth in gaming royalties and new contracts and higher freight and travel income from five more Events as well as more Events outside of Europe.
@mariohomoh They only brought in 2500 Bucks. That’s poor 😂
@ScarDuck14🤣
For those that didn't catch the joke, I failed to mention that the values are in millions. I didn't bother adding the the zeroes in because it is just the percentages that matter for this exercise - i.e. speculating on how much FOM relies on their licensing deal with Codies.
Answer: clearly not to the same as FIFA did.
