Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
December 8, 2016
arrowPress Releases






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


Funcom secures $1.6M in run-up to  LEGO  MMO launch
Funcom secures $1.6M in run-up to LEGO MMO launch
April 28, 2014 | By Mike Rose

April 28, 2014 | By Mike Rose
Comments
    Post A Comment
More: Console/PC, Business/Marketing



Newsbrief: MMO studio Funcom hasn't found itself in the greatest financial situation recently, with falling revenues and notable losses. Thanks to additional equity and the launch of its LEGO MMO, the company is looking to turn things around.

The company has secured 9.7 million Norwegian Krones ($1.6 million) in additional equity. This equity came from a prior agreement by which Funcom was able to access additional capital if needed via an equity fund.

As a result, Funcom will now issue 2,203,846 new shares within the next eight days, taking the company's total shares up to 79,016,792 shares.

And Funcom says this additional cash boost will help it to fully prepare for the launch of the LEGO Minifigures MMO this summer.


Related Jobs

IndieBox
IndieBox — Orlando, Florida, United States
[12.08.16]

Director of Marketing
Sanzaru Games Inc.
Sanzaru Games Inc. — Foster City, California, United States
[12.08.16]

Texture Artist
Wargaming | BigWorld
Wargaming | BigWorld — Sydney, New South Wales, Australia
[12.07.16]

Senior C++ Software Engineers - Complex back-end server projects
Telltale Games
Telltale Games — San Rafael, California, United States
[12.07.16]

Character Artist









Loading Comments

loader image