funcom-financials
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Funcom secures $1.6 million in additional equity
Funcom's website has published news of a move that gives the firm $1.6 million of additional equity as it prepares to launch LEGO Minifigures Online. In May of 2012, Funcom reached an agreement with US fund manager Yorkville Advisors and is now partially exercising the resulting option. "We are very pleased to have increased the company's financial flexibility with funds that will be used in preparing for the launch of LEGO Minifigures Online," explained CEO Ole Schreiner explained in a prepared statement. "We have several times expressed a need for additional equity and have considered different alternatives to secure this. This facility has been available to us since 2012, but the timing has not been right before."
Chaos Theory: The Secret World's bright (player-driven?) future
Apologies for not following through with part three of my crafting guide this week. I fully intended to do so, but a couple of interesting things happened over the past few days that merit some discussion. First off, Ragnar Tornquist published what can only be called a defiant state of the game letter. The Secret World's creative director engaged in some rabble-rousing penmanship that managed to inspire a metaphorical fist-pump from yours truly, even though I've been covering games long enough to cast a cynical eye toward similar rally-the-troops developer rhetoric. Tornquist admitted that TSW's competition is stiff, in particular new releases like Guild Wars 2 and Mists of Pandaria, but he didn't shy away from singing his game's praises. More importantly, he reiterated what early adopters have known for a while now: The Secret World is that increasingly rare MMO horse of a different color, and despite financial and personnel losses, Funcom knows it has a winner on its hands and is fighting to keep it.
