MCV/DEVELOP News, events, research and jobs from the games industry
"We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity," says Funcom CEO
Read More »Tencent seeks ‘full ownership’ of Funcom
Funcom establishes joint venture with Cabinet Group
New company will hold IP for Robert E Howard pen and paper RPGs
Read More »$6.3m investment brings Funcom ‘back on track’
Troubled MMO developer Funcom has been bailed out of negative equity by an injection of investment money. The LEGO Minifigures Online, Age of Conan and The Secret World creator had previously been sat at –$10m, which has now been reversed to +$4m thanks to $6.3m in private placement investment. The …
Read More »Conan Exiles creator Funcom ‘back on the right track’ after $6.3m investment
‘It is no secret that the company has had a strained financial situation in recent years,’ admits CEO Rui Casais. ‘This investment is a major turning point’
Read More »Funcom developing three new Conan titles
Funcom has reunited with Conan the Barbarian, revealing a new publishing agreement with Conan Properties. The deal makes Funcom the preferred partner” for PC and console releases based around Conan and Hyboria. The developer will reveal the first of three in-development games this January – the other two will be …
Read More »Funcom actively seeking investment options
LEGO Minifigures Online developer will consider funding, a takeover, merger or 'any other available options'
Read More »Funcom bringing LEGO Minifigures Online to Fire TV
Online title LEGO Minifigures Online is being ported to Amazon’s Fire TV and Fire HDX tablets. Funcom’s game is already available on PC and has versions in the works for iOS and Android tablets. In-game content is unlocked via codes included in series 12 of LEGO’s physical Minifigure packs. Fire …
Read More »Funcom’s LEGO MMO gets £1m funding boost
Funcom has secured 960,000 in additional funds for the development and release of its upcoming MMO LEGO Minifigures Online. The extra money is part of a deal in 2012 with US firm Yorkville Advisors, which offered the company access to additional funds if needed within 36 months. Following the agreement, …
Read More »Funcom secures £1m for LEGO MMO
Developer preparing to launch new title
Read More »Funcom quarterly revenue suffers significant decline
The Secret World developer Funcom has posted financial results for its most recent completed quarter, reporting a major dip in revenue compared to the same period in the year prior. During its Q4 – a three-month period ending on December 31st, 2013 – the MMO studio earned $4.3m in revenue, …
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