Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
February 25, 2017
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

With so much free-to-play MMO competition, Funcom is feeling the heat
With so much free-to-play MMO competition, Funcom is feeling the heat
March 5, 2014 | By Mike Rose

In the wake of financial troubles and clashes with the Norwegian authorities, The Secret World developer Funcom has recorded decreased revenues and notable losses for the 2013 fiscal year.

The company says that while The Secret World and Age of Conan are still its main sources of revenue, the drop in revenue is down to increased competition in the MMO space.

"The activity level decreased leading up to the November and December sale, resulting in lower revenue as expected," reads the report. However, the company was keen to stress that "Player numbers and revenues from Age of Conan and Anarchy Online were relatively stable in the fourth quarter considering the competitive pressure."

Funcom is currently working on free-to-play MMO Lego Minifigures Online, and says that continued investment in this game is also causing a decrease in cash for the company -- it's hoping that when the game launches, this will turn around. An open beta is scheduled for summer 2014.

The company also highlighted the suspicions that have been brought against it by the Okokrim, stating that "No employees of the company have been charged."

For the 2013 fiscal year, Funcom posted revenues of $21.4 million, down from $23.6 million year-over-year, and losses of $4.5 million, compared to losses of $62.2 million (after special write-offs) last year.

Related Jobs

Cignition — Palo Alto, California, United States

Gameplay Programmer
Lionbridge Technologies
Lionbridge Technologies — Bellevue, Washington, United States

Sr. Business Development Director--#2525
DreamSail Games
DreamSail Games — New York, New York, United States

Game Designer
Hangar 13
Hangar 13 — Novato, California, United States


Loading Comments

loader image