Is Funcom Going Bankrupt from Age of Conan?
The short answer is no, they are not. However, WoW Riot is claiming it is, trying to tell us that Funcom is desperate, that they dropped the ball on Age of Conan, and whatnot. The news is also reported by Rawcool, who shared the link in a comment to a previous post here on Living Hyboria.
While I’m certainly interesting to know how Age of Conan really fares, and I am wondering about the attachment rate, I believe the whole presumption of the story reported to be wrong. The stock decline, which we’ve covered previously, is what is backing up the whole “Funcom goes bankrupt” argument, but that decline is really the result of a temporary high after the games release, and the impressive sales. All in all, the Funcom stock more or less doubled what it was traded for, and then it went back to normal. This isn’t all that uncommon with games companies having a small portfolio, them being very dependent on a few key titles.
September 11th, 2008 at 4:41 pm
Since this was posted Funcom stock has dropped another 60%.