Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
March 25, 2019
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

LeFort Talent Group
LeFort Talent Group — Toronto, Ontario, Canada
[03.24.19]

UE 4 Lead Developer
Maximum Games
Maximum Games — Walnut Creek, California, United States
[03.22.19]

Release Manager
Phosphor Studios
Phosphor Studios — Chicago, Illinois, United States
[03.22.19]

UI Artist
Pixel Pool
Pixel Pool — Portland, Oregon, United States
[03.22.19]

Software Developer (Unreal Engine 4, Blueprint, C++)









Loading Comments

loader image