Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 1, 2014
arrowPress Releases
October 1, 2014
PR Newswire
View All





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

Telltale Games
Telltale Games — San Rafael, California, United States
[10.01.14]

Tools Engineer (Qt)
Telltale Games
Telltale Games — San Rafael, California, United States
[10.01.14]

User Interface Artist
Telltale Games
Telltale Games — San Rafael, California, United States
[10.01.14]

Narrative Technology Engineer
Shiver Entertainment
Shiver Entertainment — Miami, Florida, United States
[10.01.14]

Senior UI/UX Designer










Comments



none
 
Comment: