So, yeah, Iceland is not part of the European Union. Though, they have applied.
I have no idea how the EU's privacy laws would apply to CCP, were it in the union. Or how that might apply to something like the CSM. Or how I would check that up. Or even if I care that much. I'm not in the EU, after all.
Anyhow, I came across this little table on the Wikipedia page.
| Icelandic-European trade[6] | |||
|---|---|---|---|
| Direction of trade | Goods (2009) | Services (2008) | FDI (2008) |
| EU to Iceland | €1.34 billion | €502 million | €3.2 billion |
| Iceland to EU | €2.17 billion | €620 million | €6.5 billion |
Made me wonder if CCP would be included in that €620M services export. If so, would it fall under services? And how much of that export would it account for? CCP revenue is approximately €40M now. So, probably around €30M in 2008. The US accounts for, what, maybe 50% of that revenue? Europe, maybe 30%? So, about €9M in revenue from EU customers alone? If any of that is accurate, then EVE Online would have accounted for 1.5% of the service exports to the EU in 2008. That seems like a fair chunk for one single, small company. Kudos, CCP.
I know. Pointless post. Just something that caught my eye while looking for something else totally unrelated.
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In other news, the market value of CCP Games is $185M USD. So, if any of you have $200M USD laying around you can buy CCP Games.
Not really correct your calculation. Because you calculated revenue. In the trade table we are talking about absolute values.
ReplyDeleteIf we estimate ~10% revenue for CCP, then your 1,5% must be multiplied by 10. So CCP would have accounted for around 15% of total service exports.
You'll have to explain further. I'm not an economist or an accountant, but your "math" is not making any sense to me.
DeleteNevermind, I mixed up revenue and profit.
DeleteMy engrish is fux0red.
Iceland is not a member of the EU (yet), but is a member of the European Economic Area, which obligates Iceland to implement various parts of EU regulations in varying degrees. I don't know how much this applies to EU's privacy regulations, though.
ReplyDeleteAs we're on the pointless post, the kisckstarter idea so that they have more money for devs have been said a few time, they don't want it, but what do you think?
ReplyDeleteConsidering the population of Iceland (all of it) is just sth. like 300.000 people, it's not that impressive.
ReplyDeleteActually, I would have thought it would be more than 2%...
"So, if any of you have $200M USD laying around you can buy CCP Games. "
ReplyDeleteDo they accept plex?
*desperately checks piggy bank*
ReplyDelete*rudely awakened by reality*
-Bantara
I'm pretty sure CCP Games isn't for sale. You don't think Hilmar's had buyout offers by from larger game houses?
ReplyDeleteI have no idea if the EU's privacy laws would apply to CCP, were it in the union.
ReplyDeleteWould US laws apply to CCP were Iceland the 51st state?
Yes, being in the EU generally means EU laws need to be adhered to. It's a little more complex, as I understand it, as member states need to enact national laws to cover EU law, but the law's the law.
I meant with respect to CCP being a private company. Public companies have different laws they must adhere to versus private companies, at least in North America.
DeleteAnd I don't know any of the specifics of their privacy laws. So that's where I was wondering if CCP would even fall under it's purview. I'm sure there are exceptions and loopholes and such.
Eh, CCP would most likely fall into the grey area, where as long as nothing bad happens, no one cares, but if something did, there would be a reaction, but they would smooth it out, so it was no big deal.
DeleteIf anything really bad did happen, they would only face a fine, then be able to continue business on.
Just look at the walmart mess with one of is suppliers catching on fire and killing lots of people. Nothing will probably happen anyhow.
Oh, most certainly they would fall under the EU's purview. We kinda take privacy seriously over here, to the extent that I don't think there are any loopholes as such.
DeleteEU law is strict enough that any company that wants to do business with a member state, even if that company does not operate in a member state itself, must comply with EU privacy laws. US companies really got their knickers in a twist about that a few years back, what with Facebook and the like not having anywhere near the framework in place to even start to deal with what the EU requires.
After a little bit of reading ... what I gather of the privacy laws in the EU. If a customer wants his privacy respected, then a company must respect that and do everything it can to ensure that privacy. Also, a company has to offer privacy to the customer via all services it offers, and the CSM would be one of those services.
DeleteAlthough, there must be some alternative accomodations, because Facebook seems to be "getting away" with their real name requirement in most of Europe. Facebook recently won its case in Germany.
Damn I had to waste my time downloading this pointless post using dial-up as I'm at work:-)
ReplyDeleteDial-up? Am I talking through time to 1995?
DeleteNa, I work on a military compound and use a government computer so I can't surf certain sites - like yours. Evidently you're bad for national security (kidding). My solution is to take my laptop and use dialup. Keep up the good work.
Delete