Mojang Has Enough Cash to Last 10 More Years
Mojang can live without profit for 10 years.
Wouldn't it be nice to have so much cash stored away under the mattress that you wouldn't have to make another dime for 10 years? That is apparently the status of Minecraft developer Mojang, according to the company's founder, Markus "Notch" Persson.
"Hopefully, we are going to keep making money at Mojang, but if we don't, that's fine," he told Rolling Stone. "We just have 10 fun years, and then, the last year, we'd say to our employees, 'If we don't make any money this year, Mojang is going to be dead. So you might want to look for new jobs.'"
This comment led to speculation that the company may only have ten years left. That's not the case at all, and Persson jumped on Twitter to explain himself a bit further. The bottom line is that the company is doing extremely well, and has enough money saved up in the bank to stay afloat for the next ten years without earning another cent.
"That article is weirdly angled," he said via Twitter. "I meant we're saving money so that from the day we don't make a profit, we'll survive another ten years. And I don't see how we'd stop making money any time soon at the rate things are going. So basically, we've got money saved to have ten more years to come up with a new project, without making a single cent in that time."
According to Eurogamer, Mojang (which only employs 36 people) made $332M in 2013 alone, $130M of which was profit, while $131M went to a separate company owned by Persson that deals with the licensing fees. The console version is handled by an external Scottish company named 4J Studios.
To date, the original version of Minecraft has sold over 15 million copies. Mojang is also working hard on Minecraft Realms, which just launched in the United States, and its card combat game called Scrolls.