HomeNewsFeaturesJobsEducationResourcesDirectory

Funcom shares halve following Conan release

Norwegian developer Funcom's stock has fallen sharply since its fantasy MMO Age of Conan launched in late May, reports Massively.

Funcom's shares on the Oslo Stock Exchange have fallen from a high of USD 54 on launch day, May 20, to USD 24 at time of writing.

There's speculation that, despite strong initial sales and account sign-ups, investors are concerned at how well the game will retain its players.

Although polished in the early stages, some feel that Age of Conan's content and quality thins out as the game progresses, and that this has led many players to cancel their subscriptions.

However, as Massively notes, Funcom's stock had been steady at around USD 25 for months prior to Conan's launch, and it's possible that the USD 54 value was no more than a temporary bubble created around the game's strong performance at pre-order.

Comments

To view other users comments, you must be logged in to a GamesIndustry.biz Network account.


In Related News

Funcom

Funcom revenues grow to $7 million in Q1

Conan launches in Russia and Poland

Funcom CFO resigns following $23.3m loss

Newsletter Signup

Sign up to the FREE GamesIndustry Newsletter and receive a comprehensive round-up of industry news and info.


GamesIndustry.biz is the world's most read and influential games industry website. But don't just take our word for it!

"GamesIndustry.biz has become an essential part of my morning routine, its global viewpoint is a perfect bellwether for industry news, trends and events. There's nothing quite like a coffee and an exclusive scoop."

Harold Ryan

Latest announcements courtesy of GamesPress
GamesIndustry.biz is a proud supporter of GamesAid.
Editor
Matt Martin
Display Advertising
Richard Sturgess
Classified Job Postings
Scott MacKintosh

Find out more

Hosted by dx.net

GamesIndustry.biz is hosted by dx.net.