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Funcom CFO resigns after reporting 23.3 million dollar loss photo

Funcom keeps slipping. The company responsible for the MMO Age of Conan has reported a 23.3 million dollar fourth quarter loss. The CFO that delivered the bad news, Olav Sadnes, has since resigned.

It’s unclear if Funcom will take any extra measures to trim or bolster Age of Conan in the wake of the financial news. As Gamasutra mentions, Funcom recently closed 31 of its original 48 servers -- a mammoth slash for an MMO that reported big user numbers in its fledgling months. Funcom is now tasked with getting people back into their game without having to spend loads of cash.

Perhaps more intriguing is what may happen to the Xbox 360 port of Age of Conan. Will work continue on the already substantially delayed game? We asked Funcom for comment and have yet to receive a response.


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13 comments | showing # 1 to 13

Wedge's Avatar - Comment posted on 02/23/2009 17:34
Wedge
Bum bum bum, another one bites the dust.

Yeah I don't really have any pity for another MMO that tried to take WoW head-on failing. We need more games that AREN'T WoW, not more games trying to take away it's userbase.
Midgetsnowman's Avatar - Comment posted on 02/23/2009 18:00
Midgetsnowman
Er? AoC's failure had NOTHING to do with competing for PVP fans. It had everything to do with the fact they rushed a buggy, incomplete mess of a game that had about half its features nonfunctional, had massive exploits they took weeks to fix by which point the economy was shot to hell, and a pvp system that was inherently unbalanced. The Game's only functioning selling points at launch or in the first few months was tits and gore. At which point Warhammer, a pvp MMO with at least functional pvp and some semblance of balance and endgame content came up and ate Conan's subscriber base whole. if anything, this is just a proof that a shitty end product isnt good enough to survive.
mix's Avatar - Comment posted on 02/23/2009 18:17
mix
More like DONEcom..........I actualyl ahd no idea these guys did Conan befire I read the post. Never it played it mind you.
Edarios's Avatar - Comment posted on 02/23/2009 18:37
Edarios
i wouldn't trust a guy named Olav Sadnes with much, sounds like a bad rpg name.
Projectexodus's Avatar - Comment posted on 02/23/2009 18:52
Projectexodus
God damnit! Funcom is the ONLY gaming company in my country that actually sells games outside of our borders, and they release shitty products like Age of Conan! It's a fucking disgrace! Had they not started working on a second MMO a couple of months before the release, maybe we'd see a more polished bug-free game? Christ, they even had the potential to reach one million subscribers with this one.

@Wedge
Every MMO is trying to take WoW head-on. What kind of MMO developer wouldn't want subscribers? Not sure what you mean with "another WoW", because AoC was very different from other MMO's, in both style and gameplay.
-PL-'s Avatar - Comment posted on 02/23/2009 20:23
-PL-
Well, Funcom made AoC, but they also made Anarchy Online. And despite its age, Anarchy Online is a really good game. I just doubt they're making much money off of it, considering most people are playing for free.
Shalashaska's Avatar - Comment posted on 02/23/2009 21:05
Shalashaska
Despite how bad AoC turned out, I will always like Funcom just for making The Longest Journey and Dreamfall.
Wedge's Avatar - Comment posted on 02/23/2009 21:41
Wedge
If a game is

A) Relatively medieval fantasy like

and

B) Has boring click-a-click macro DPS skill timer blah blah gameplay (even with stupid combo crap)

Then it is just like WoW, or Everquest or all of those games that while they may be different to people interested in the nuances of that crappy genre, are all the same to me. I want MMO shooters and sports games and fighters and all sorts of other genres having people experiment with new ways of trying to combine actual gameplay with an MMO format. I want to see every normal MMO fail so people will hopefully try something new again...
Midgetsnowman's Avatar - Comment posted on 02/23/2009 22:54
Midgetsnowman
The thing is. Anarchy Online was HORRIBLE at release. It took years for it to become playable, and at that point WoW hadnt changed the MMO market so much that languishing in suck for years wasnt a viable option until the bad stuff was fixed.

Funcom obviously didnt recognize the change, decided they could rush out a buggy mess again and hope it'd turn profitable in 3 years. In the meantime warhammer came out, was very polished, and tore the heart out of AoC and ate it.
Tet's Avatar - Comment posted on 02/24/2009 02:17
Tet
There you go, you made your bad MMORPG. Now how about The Longest Journey 3?
Freefall's Avatar - Comment posted on 02/24/2009 06:08
Freefall
@Tet

You speak the truth, I honestly couldn't care less about MMO's, I do, however, care about TLJ 3.
DeadlySwordz's Avatar - Comment posted on 02/24/2009 10:20
DeadlySwordz
so sad for a game that had so much potential. I had it, was on Thog Server and loved it. Had a 80 Dual Wield Spec Barbarian. 3-4 Raid gears on me i forget. But it came to the point that there was really no other reason to log onto the game on non raid days. Not much to do at lvl 80. So many bugs in pvp (no one ever really did the minigames also), massive pvp sieges. So whats the point on logging on to game if i wasnt raiding?

I mean if one day somehow they get the game back up i may go back but its Funcoms fault. The promised a lot of things for launch and they didnt deliver. Now im waiting on Aion The Tower of Eternity to hit US shelves
Im OK's Avatar - Comment posted on 02/25/2009 02:51
Im OK
Hmm, I seriously couldn't care less about Age of Conan if I tried, but I hope this doesn't mean bad things for Dreamfall Chapters...
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