CD PROJEKT RED at G-STAR 2026: First Booth, Witcher 4 Targets 2028
CD PROJEKT RED opens its first G-STAR booth with The Witcher 3 Remastered and Korean-voiced Songs of the Past footage. The Witcher 4 targets 2028, and all first-half revenue growth came from IP licensing.
At gamescom in Cologne this August, nearly 9,000 players went into CD PROJEKT RED's booth to watch one video: a hands-off gameplay demo of Songs of the Past, the new expansion for The Witcher 3. That expansion comes to G-STAR in Busan on November 19, and the footage shown there is the Korean-voiced version.
This is the first year CD PROJEKT RED has run an exhibition space for players at G-STAR. The Witcher 3 Remastered, out since September 29, and Cyberpunk 2077 are playable, while Songs of the Past, due in 2027, is shown as footage. The Witcher 4 targets 2028. The company's first-half revenue rose 23%, yet its financial statements show revenue from game sales slipping slightly, with all of the growth coming from IP licensing, the fees other companies pay to use the Witcher and Cyberpunk names and characters. This is the third entry in our series on studios making new games.
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CD PROJEKT RED at G-STAR 2026: where the booth is and what it shows
CD PROJEKT RED's booth is in the G-STAR Global Game Showcase on the first floor of BEXCO Hall 2 in Busan. G-STAR 2026 runs November 19–22. The booth has experience zones built around The Witcher 3 and Cyberpunk 2077, with special demos of The Witcher 3 Remastered and Cyberpunk 2077.
The new reveal is gameplay footage of the Korean-voiced version of Songs of the Past. In the organizers' announcement the expansion is listed as a video showcase, with no playable demo mentioned. Until now CD PROJEKT RED came to G-STAR mainly through talks at G-CON, the show's conference, or offline events. Story director Marcin Blacha and narrative director Philipp Weber speak at G-CON this year.
The Witcher 3 Remastered is free for existing owners
The Witcher 3: Wild Hunt Remastered launched on September 29 for PC, PlayStation 5, Xbox Series X|S and Nintendo Switch 2, and owners of the original get it as a free upgrade on qualifying platforms. It updates visuals and performance. Combat, movement, mount handling and the skill tree were reworked too. The native Switch 2 version is a first for the game.
Since August 25, every owner of The Witcher 3 has also had the Hearts of Stone and Blood and Wine expansions at no extra cost. The Steam store page now carries the Remastered name. On November 12 the Korean Steam price was KRW 54,900, with Korean listed for both subtitles and voice.
Songs of the Past in 2027, The Witcher 4 targeting 2028: three years of Witcher plans
CD PROJEKT RED plans a Witcher release in each of three years: Remastered in 2026, Songs of the Past in 2027 and The Witcher 4 in 2028. Songs of the Past is the third expansion for The Witcher 3, set in a new region called Letten. The company says its scope is comparable to Blood and Wine. It is co-developed with Fool's Theory, a studio whose leadership is made up of Witcher 3 veterans. As of September 2, 220 people were on the expansion, 170 of them at Fool's Theory.
Songs of the Past is a paid expansion for PC, PlayStation 5, Xbox Series X|S and Switch 2, and its date has not been narrowed beyond 2027. The company says 900,000 players wishlisted it within a week of the reveal. Its Steam page lists Korean voice acting.
The Witcher 4 opens a new story with Ciri as the lead in place of Geralt. The company describes the game as being in full production, the stage where it is filled with content. 2028 is a target window, and no date has been set.
First-half revenue up 23%, with all of the growth from IP licensing
CD PROJEKT RED's revenue for January–June 2026 rose 23% year over year to PLN 435.3 million, and all PLN 80.3 million of that growth came from IP licensing. Net profit rose 37% to PLN 249.1 million. At the National Bank of Poland's November 10 rate, that is about KRW 149 billion in revenue and KRW 85 billion in net profit.
Game sales slipped slightly. Witcher and Cyberpunk game revenue combined went from PLN 345.4 million to PLN 340.3 million. Over the same period IP licensing revenue went from PLN 9.4 million to PLN 94.8 million, roughly ten times as much. It came from more than 100 partners, including the Cyberpunk Trading Card Game and a Wuthering Waves collaboration. The company said most of it was booked in the second quarter.
Sales to Asia, the region that includes Korea, more than doubled, from PLN 27.4 million to PLN 57.8 million, lifting its share from 7.7% to 13.3%. The split is by where distributors are based, so it does not map exactly onto what players in Asia spent.
Open full-size visual ↗Half the developers are on The Witcher 4; Cyberpunk 2 has 184
As of July 31, 519 of CD PROJEKT RED's 1,045 developers were building The Witcher 4. Cyberpunk 2, the follow-up to Cyberpunk 2077, had 184, up from 163 three months earlier. Sirius, a multiplayer-focused project, had 84 and is in pre-production. Hadar, the studio's third own IP, had 33 people in the conceptual phase, and the company plans to grow that to 50 by year-end.
While those teams work on unreleased games, PLN 340.3 million of the PLN 435.3 million in first-half revenue, about 78%, came from Witcher and Cyberpunk games already on sale. Cyberpunk 2077 had passed 40 million copies as of July 3, and its Phantom Liberty expansion 15 million as of September 2. The Witcher 3 has sold more than 65 million copies and the Witcher series more than 90 million. On the schedule announced so far, Songs of the Past is the one major release before The Witcher 4 in 2028. The company also says it has two unannounced projects.
Open full-size visual ↗If you are going to G-STAR, and if you are not
If you are going, head first for the Korean-voiced Songs of the Past showcase on the first floor of Hall 2. Details such as booth layout are to be posted on the official G-STAR site and social channels. Showcase times have not been announced, so check on-site notices. On November 18, the day before opening, the online broadcast G-STAR Premiere introduces the main titles.
If you already own The Witcher 3, the Remastered upgrade and both expansions are free to download now. Next in the series is Nexon.
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Sources and verification notes
- CD PROJEKT RED — CD PROJEKT RED wraps up the first half of 2026 (2026-09-02) ↗Checked 2026-11-12
What this source supports
- The Witcher 3 Remastered is free for existing owners
- Songs of the Past in 2027, The Witcher 4 targeting 2028: three years of Witcher plans
- First-half revenue up 23%, with all of the growth from IP licensing
- Half the developers are on The Witcher 4; Cyberpunk 2 has 184
- CD PROJEKT RED — Condensed interim consolidated financial statement, H1 2026 (2026-09-02) ↗Checked 2026-11-12
What this source supports
- First-half revenue up 23%, with all of the growth from IP licensing
- CD PROJEKT RED — Group presentation, H1 2026 earnings (2026-09-02) ↗Checked 2026-11-12
What this source supports
- Half the developers are on The Witcher 4; Cyberpunk 2 has 184
- CD PROJEKT RED — Transcript of audio webcast on H1 2026 earnings (2026-09-02) ↗Checked 2026-11-12
What this source supports
- CD PROJEKT RED at G-STAR 2026: where the booth is and what it shows
- Songs of the Past in 2027, The Witcher 4 targeting 2028: three years of Witcher plans
- First-half revenue up 23%, with all of the growth from IP licensing
- Half the developers are on The Witcher 4; Cyberpunk 2 has 184
- CD PROJEKT RED — The Witcher 3: Wild Hunt — Remastered announced, Songs of the Past gets first look (2026-08-25) ↗Checked 2026-11-12
What this source supports
- The Witcher 3 Remastered is free for existing owners
- Songs of the Past in 2027, The Witcher 4 targeting 2028: three years of Witcher plans
- If you are going to G-STAR, and if you are not
- 인벤 — 지스타 2026 출품 라인업 (2026-09-29) ↗Checked 2026-11-12
What this source supports
- CD PROJEKT RED at G-STAR 2026: where the booth is and what it shows
- If you are going to G-STAR, and if you are not
- 전자신문 — 지스타2026, 글로벌 대작·인디·e스포츠까지 확장 (2026-09-29) ↗Checked 2026-11-12
What this source supports
- CD PROJEKT RED at G-STAR 2026: where the booth is and what it shows
- If you are going to G-STAR, and if you are not
- 아시아경제 — 대사관에 CDPR까지 지스타 채우는 폴란드 (2026-10-01) ↗Checked 2026-11-12
What this source supports
- CD PROJEKT RED at G-STAR 2026: where the booth is and what it shows
- 스팀 상점 — The Witcher 3: Wild Hunt — Remastered ↗Checked 2026-11-12
What this source supports
- The Witcher 3 Remastered is free for existing owners
- 스팀 상점 — The Witcher 3: Wild Hunt — Songs of the Past ↗Checked 2026-11-12
What this source supports
- Songs of the Past in 2027, The Witcher 4 targeting 2028: three years of Witcher plans
- 폴란드 중앙은행(NBP) — 원화 환율 고시 219/A/NBP/2026 (2026-11-10) ↗Checked 2026-11-12
What this source supports
- First-half revenue up 23%, with all of the growth from IP licensing
- CD PROJEKT RED — Management Board report on Group activities in H1 2026 (2026-09-02) ↗Checked 2026-11-12
What this source supports
- Half the developers are on The Witcher 4; Cyberpunk 2 has 184