Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
San Diego, CA 08/21

Regularly scheduled events

Funcom Loses Cash, CFO

Gamesindustry.biz has a story in Funcom's fourth quarter financial reporting, saying the company had operating losses of $23.3 million, said to be caused by underperformance by Age of Conan: Hyborian Adventures, their fantasy-themed MMORPG, which made an initial splash, but suffered "shorter average subscription periods than anticipated." Additional word is Olav Sandnes, the company's CFO, has resigned the company, offering an optimistic quote about the mess: "Funcom is a company with a substantial potential based on a unique combination of skill sets in a fast growing global market. I wish Trond Aas and the rest of the organisation all the best in realising the full potential of the company."

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
No Man's Sky Launch & Workarounds
Nordic Games Becomes THQ Nordic
Renoir in November
Gatherings & Competitions
Morning Interviews
Morning Consolidation
Morning Metaverse
Morning Tech Bits
Morning Safety Dance
Game Reviews
Hardware Reviews
etc.
Out of the Blue
Goat Simulator Free Weekend
Deus Ex: Mankind Divided Specs and Preloads
Call of Duty: Black Ops III Descent Released
Spaceships Ahoy - Meridian: Squad 22
Mafia III Trailer
The Witcher III Game of the Year Edition Confirmed
Evening Patch Notes
  

 



footer

Blue's News logo