Mon, Feb 23, 2009 | 15:16 GMT
Age of Conan subs hit 100,000, Funcom CFO resigns following $23.3 million loss
Funcom CFO Olav Sandnes has resigned after Funcom’s Q4 results showed a $23.3 million loss.
A stumbling Age of Conan was blamed for the decline. E24′s estimated today that subs for the MMO are now as low as 100,000.
“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,” said Sandnes.
While Funcom’s cash position remains solid at $39.4 million, the company reported a full-year net loss of $33.8 million.
Thanks, GI.
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Funcom boss quits, was “dissatisfied” with Age of Conan
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Posted in: Eidos, Financials, MMO, PC, RPG, Trade
Tags: Age of Conan - Hyborian Adventures, funcom, funcom q4 financials 2008, Olav Sandnes
4 comments
#1
El_MUERkO
23/02/09, 5:20 pm
100,000 is a number they can build on, if they time expansions for lulls in WoW and WAR releases they can get attention and hopefully boost numbers
i just hope future MMO releases pay attention and get their product right before release so we see less MMOs hit the skids so early in their lifespan
#2
Captain Fruitloop
23/02/09, 5:58 pm
I think the only really important thing we need to know from this story is that Funcom’s CEO is called Trond Aas.
/insert juvenile snigger here
#3
Retroid
23/02/09, 8:16 pm
Don’t forget; Dave Perry thinks single player games are on their way out!
#4
ShiroGamer
23/02/09, 10:20 pm
just in time when i was gonna give it a try
but am anyways