Funcom Looks Ahead In Q4 Financials, Still Encourages Tencent Buyout
Funcom released its financials for Q4 2019, and while the quarterly and yearly numbers weren't spectacular, the developer has plenty of hope for the coming year -- especially if the Tencent buyout goes as planned.
That's the lead highlight in the financial report, which reminds investors that Tencent is offering a very generous 27.3% over what it paid to acquire 29% of the company in September. That offer runs until March 16.
Why is Tencent so interested in Funcom? Probably because its future looks pretty bright. There's an expansion coming for Conan Exiles in the second half of 2020, along with Moons of Madness on consoles and Conan Chop Chop in the first half of the year. Further down the line is the Dune "Multiplayer Open World Game" -- note how they specifically refrain from calling it an RPG? -- which has no set date but does have a budget, in the $30 to $50 million range. After Dune, there's a multiplayer co-op shooter set in the world of the Mutant Chronicles.
What about Funcom's free-to-play MMORPG titles, Secret World Legends and Age of Conan? They don't get any significant mentions, but they also don't seem to be shutting down any time soon, so hey, that's something, right?
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
You May Enjoy
(UPDATED) Proposed LotRO Changes Bring Out Pay-To-Win Accusations
But currency earnings from the cash shop are dwarfed by other means of acquisition.By Jason Winter - 1 week ago
Apex Legends Introduces Freedom Fighter Mad Maggie, Coming In Season 12
Also: LTM control-point mode and giveaways of three legends to celebrate third anniversary.By Jason Winter - 5 hours ago
Celebrate 12 Years Of Exploring The Final Frontier In Star Trek Online's Anniversary Celebration
The STO team has a month’s worth of festivities planned.By QuintLyn Bowers - 3 days ago
Phil Spencer Says Microsoft Has The "Desire" To Keep Call Of Duty On PlayStation
Obviously, existing contracts would still be honored, as well.By QuintLyn Bowers - 4 days ago
Fortnite Will Be Playable Soon On iOS Devices, Thanks To Nvidia
GeForce Now app will allow cloud-streamed games through web browser.By Jason Winter - 1 week ago
TERA Ending Service In Japan In April
Originally launched in 2011 for PC, 2018 for consoles.By Jason Winter - 4 days ago