Funcom Loses Lots of Money; Age of Conan has 100K Subscribers Only?

February 24th, 2009 Posted in Action, Analyst, Business, MMO, PC

The economic crisis has hit Funcom hard, as the Age of Conan developer today announced a fourth quarter loss of $23 million, with an overall 2008 net loss of $33.8 million.

In even more bad news for the company, Olav Sandnes, its chief financial officer, has resigned.

The worst news is yet to come: Age of Conan boasted 700,000 subscribers following its May 2008 release, but Norwegian financial group DnB NOR Markets now estimates that subscriptions to the game have fallen below 100,000. This is in line with previous word that Funcom had shut down 63% of the MMO’s servers in January, reducing the game’s worlds from 49 to 18.

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This entry was posted on Tuesday, February 24th, 2009 at 12:30 pm and is filed under Action, Analyst, Business, MMO, PC. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Funcom Loses Lots of Money; Age of Conan has 100K Subscribers Only?”

  1. The Secret World to be Revealed - Games, News, Reviews and more. Says:

    March 10th, 2009 at 11:50 am

    [...] has been two years since the fateful day Funcom teased The Secret World, their uber secret MMORPG. The time has finally come when the studio will [...]



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