penguinpoop Posted June 24, 2008 Share Posted June 24, 2008 So I got to thinking what does Jagex do with it's money? I figure they get about 5 million $$$ (usd) a month in gross. We can probably say that they spend 1-2 mil on taxes and another mil or so in fees. (i.e. credit card processing pay pal the like) but where does the rest (2-3 mil) go? Obvious other locations of spending: Staff Hosting All thoughts welcome. -Free to play for life! probably-They are building a giant a giant underground crumpet factory. Why crumpets? Because they're European, and everyone knows the average Europeans diet is 51.012% crumpets. This is how Jagex plans to take over Europe, and eventually the world. Link to comment Share on other sites More sharing options...
Junkmutt Posted June 24, 2008 Share Posted June 24, 2008 Any taxes that apply to them. [hide=Conspiracy Theory Inside!]RwT CoMpAnY bRiBeS sO tHeY lOoK lIkE tHeY aRe DoInG sOmThInG bUt In FaCt ThEy ArE dOiNg NoThInG aT aLl!!111shift+1!!1112[/hide][hide=Please read this]I DO hope that you caught the sarcasm....[/hide] [hide=Drops]Dragon: Spear x1, Med helm x3, legs x2, pickaxe x1, skirt x3, scimitar x1Barrows: DH helm x1, Verac Brassy x2, Karil Skirt x1, Ahrim Hood x2, Guthan SpearGWD: Arma Helm x1Other: Handcannon x4, Leaf Bladed Sword x3[/hide] Link to comment Share on other sites More sharing options...
Johannas Posted June 24, 2008 Share Posted June 24, 2008 Well their a fast growing company.... Hiring lots of staff in more and more areas.... (customer support, graphics, sound, design, ideas, translation etc) Hiring/maintaining offices.... Maintaining servers.... Internet fees and all that stuff... Taxes... The list goes on, but i bet they're pretty rich ;) Thank you to tripsis for an awesome sig! Link to comment Share on other sites More sharing options...
Our_Moon Posted June 24, 2008 Share Posted June 24, 2008 Well their a fast growing company.... Hiring lots of staff in more and more areas.... (customer support, graphics, sound, design, ideas, translation etc) Hiring/maintaining offices.... Maintaining servers.... Internet fees and all that stuff... Taxes... The list goes on, but i bet they're pretty rich ;) ~The Gowers are worth over 100M USD, i believe. I saw them on a "Top 200 Richest Brits" list or something. I'd believe it, too =).~ Link to comment Share on other sites More sharing options...
Makoto_the_Phoenix Posted June 24, 2008 Share Posted June 24, 2008 Employee salaries Employee training/upkeep Equipment upkeep Equipment rental/purchases Facility rental Facility upkeep Furniture rental/purchases Emergency expenses Taxes Overtime budgets (including time and a half and doubletime) Utilities Decorum Vacations/holidays (I know that they do host company-wide Christmas parties somewhere) Leftover goes into savings for a rainy day ------ That's probably covering 99% of the bases for any company. Linux User/Enthusiast | Full-Stack Software Engineer | Stack Overflow Member | GIMP User...Alright, the Elf City update lured me back to RS over a year ago. Link to comment Share on other sites More sharing options...
n_odie Posted June 24, 2008 Share Posted June 24, 2008 Therapy. :thumbup: I think the above poster covered it all. Bandwidth is where a unimaginable amount of cash goes. RIP MichaelangelopolousThanks to cowboy14 for the pimp sig! Link to comment Share on other sites More sharing options...
Bloodveld Posted June 24, 2008 Share Posted June 24, 2008 Plotting the downfall of WoW while ignoring already paying customers? I kid, I kid. I do? :^_^: I drew that smilie, btw, along with a few more used by this site.Classic bloodveld for lyph3! Although I do like the new ones.Like a ninja, here I was, gone I am now.BUT! I may be back! Add my new account, Dr Bloodveld! Link to comment Share on other sites More sharing options...
InkofDeath Posted June 24, 2008 Share Posted June 24, 2008 :thumbup: I think the above poster covered it all. Bandwidth is where a unimaginable amount of cash goes. I really don't think all of those things that were listed even compare to bandwidth. Link to comment Share on other sites More sharing options...
psvstef Posted June 24, 2008 Share Posted June 24, 2008 i think......they spend it :geek: Link to comment Share on other sites More sharing options...
The Observer Posted June 24, 2008 Share Posted June 24, 2008 Jagex also gives their money to charity. As part of its ongoing commitment to good corporate citizenship Jagex supports a range of national and international charities. Since 2004, Jagex has donated over £200,000 to various charities including: [*:1j17zyk3] Save the Children [*:1j17zyk3] CAFOD [*:1j17zyk3] Hamlin Churchill Childbirth Injuries Fund [*:1j17zyk3] Cancer Research [*:1j17zyk3] Cystic Fibrosis Trust [*:1j17zyk3] The University of Pennsylvania [*:1j17zyk3] Royal Marsden Cancer Campaign [*:1j17zyk3] Bury Bombers Wheelchair Basketball [*:1j17zyk3] SOS Children's Villages Link: http://www.jagex.com/corporate/Giving_Back/charities.ws They also spend money to keep their company eco-friendly. Link: http://www.jagex.com/corporate/Giving_Back/environment.ws Not to mention taxes, vacations, staff salaries and other expenses. Link to comment Share on other sites More sharing options...
RyderJ Posted June 24, 2008 Share Posted June 24, 2008 Paying their employees...? What makes you think Jagex makes ridiculous amounts of profits? Link to comment Share on other sites More sharing options...
pizzalord1 Posted June 24, 2008 Share Posted June 24, 2008 They bathe in it. They have a large olympic size swimming pool in their offices full of RuneScape membership fees, and a hot tub next to it full of advertising from F2P. No, actually they probably spend it on the usual. Wages, taxes, and probably everything else that has already been mentioned in this thread. Link to comment Share on other sites More sharing options...
Roseiah Posted June 24, 2008 Share Posted June 24, 2008 I would think that a lot of their money would go into hiring staff and the up keep of the Runescape website and servers. Also, Andrew and co use this game as their source of income so they will take a cut out of profits. Taxes are another big one. They will spend a lot of money all over the place. Link to comment Share on other sites More sharing options...
Makoto_the_Phoenix Posted June 24, 2008 Share Posted June 24, 2008 :thumbup: I think the above poster covered it all. Bandwidth is where a unimaginable amount of cash goes. I really don't think all of those things that were listed even compare to bandwidth. So "utilities" isn't the blanket term anymore for servers, technical staff, and bandwidth? -.- Linux User/Enthusiast | Full-Stack Software Engineer | Stack Overflow Member | GIMP User...Alright, the Elf City update lured me back to RS over a year ago. Link to comment Share on other sites More sharing options...
Yes_Its_Ross Posted June 24, 2008 Share Posted June 24, 2008 Probably Chocolate Chip Cookies. ] Link to comment Share on other sites More sharing options...
n_odie Posted June 24, 2008 Share Posted June 24, 2008 :thumbup: I think the above poster covered it all. Bandwidth is where a unimaginable amount of cash goes. I really don't think all of those things that were listed even compare to bandwidth. So "utilities" isn't the blanket term anymore for servers, technical staff, and bandwidth? -.- I don't think utilities is a good term for it considering that is probably where more cash goes than any of the expenses. I also consider utilities as electricity, water, sewer, ect. RIP MichaelangelopolousThanks to cowboy14 for the pimp sig! Link to comment Share on other sites More sharing options...
anim7 Posted June 24, 2008 Share Posted June 24, 2008 Jagex also gives their money to charity. As part of its ongoing commitment to good corporate citizenship Jagex supports a range of national and international charities. Since 2004, Jagex has donated over £200,000 to various charities including: [*:3ozpzy14] Save the Children [*:3ozpzy14] CAFOD [*:3ozpzy14] Hamlin Churchill Childbirth Injuries Fund [*:3ozpzy14] Cancer Research [*:3ozpzy14] Cystic Fibrosis Trust [*:3ozpzy14] The University of Pennsylvania [*:3ozpzy14] Royal Marsden Cancer Campaign [*:3ozpzy14] Bury Bombers Wheelchair Basketball [*:3ozpzy14] SOS Children's Villages Link: http://www.jagex.com/corporate/Giving_Back/charities.ws They also spend money to keep their company eco-friendly. Link: http://www.jagex.com/corporate/Giving_Back/environment.ws Not to mention taxes, vacations, staff salaries and other expenses. University of Pennsylvania...Thats where I am going next year. But why would jagex donate to them...?Their endowment is $6 billion and they have so much money for research. unless the gowers are alumni of wharton. 100% F2P85 Mining achieved on Dec 4, 200785 Smithing achieved on May 28, 2009 Link to comment Share on other sites More sharing options...
bbjoe282 Posted June 24, 2008 Share Posted June 24, 2008 R n' D to improve the system they work in. Link to comment Share on other sites More sharing options...
BBC3 Posted June 24, 2008 Share Posted June 24, 2008 they spend it all on beer. 4000000657th to 99 cookin555555406th to 99 flethcin Link to comment Share on other sites More sharing options...
raaarga Posted June 24, 2008 Share Posted June 24, 2008 Probably the same thing every other gaming company does. Is it our business? Best games ever, in order: Final Fantasy VII - PlayStationGears of War - Xbox 360Star Wars: Knights of the Old Republic - XboxFable II - Xbox 360Dead Rising - Xbox 360 Link to comment Share on other sites More sharing options...
penguinpoop Posted June 24, 2008 Author Share Posted June 24, 2008 Probably the same thing every other gaming company does. Is it our business? Well it should be if ur a mem. -Free to play for life! probably-They are building a giant a giant underground crumpet factory. Why crumpets? Because they're European, and everyone knows the average Europeans diet is 51.012% crumpets. This is how Jagex plans to take over Europe, and eventually the world. Link to comment Share on other sites More sharing options...
Yomyth105 Posted June 25, 2008 Share Posted June 25, 2008 they probably keep it as a salary and pay their employees Link to comment Share on other sites More sharing options...
Mercifull Posted June 25, 2008 Share Posted June 25, 2008 They have a huge number of employees, something like 400 people. Average of 25k x 400 is £10m a year. Why do people always assume Jagex are rolling in it? They are investing the profits back into the game. Mercifull <3 Suzi "We don't want players to be able to buy their way to success in RuneScape. If we let players start doing this, it devalues RuneScape for others. We feel your status in real-life shouldn't affect your ability to be successful in RuneScape" Jagex 01/04/01 - 02/03/12 Link to comment Share on other sites More sharing options...
nickeley102 Posted June 25, 2008 Share Posted June 25, 2008 well, most employess are on a salary, they get paid a set amount every year in monthly or weekly increments. The other employees are generally shareholders, like paul and andrew, they have an invested interest in the company becuase they get paid a percentage of what is earned above what is given to the other employees as a salary. So the shareholders earn more when the company is doing well and less when the company is doing poorly. Above this, what the money is spent on is none of our business. The share holders decide where the money is spent internally (within the company) when they form a board of directors. Some shareholders are nasty "no content updates and more staff!" they loudly yell. While other, nicer shareholders interupt politely and calmly remark "more updates bring larger profits, its better in the long run, and its good for the gamers" they say "to whom we owe or small fortune" Link to comment Share on other sites More sharing options...
Millard Posted June 25, 2008 Share Posted June 25, 2008 I think with the recent updates its obvious they spend it on weed. Link to comment Share on other sites More sharing options...
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