Age Of Conan Bleeds Money, Funcom CFO Quits
Age of Conan [http://www.funcom.com].
$22.8 million of Funcom's fourth quarter loss resulted from the "lagging performance of Age of Conan," according to Spore [http://www.gamesindustry.biz/articles/funcom-reports-q4-USD23-3m-loss], it was victimized by "shorter average subscription periods than anticipated." Despite that, the company said it was committed to launching the game in new territories as well as "revitalizing Age of Conan in existing core markets."
"Funcom is a company with a substantial potential based on a unique combination of skill sets in a fast growing global market," Funcom CFO Olav Sandnes said after announcing his departure. "I wish [Funcom CEO] Trond Aas and the rest of the organization all the best in realizing the full potential of the company." Sandnes will stay on as CFO until the company can find a permanent replacement, at which time he will leave to "take up a new position in a different industry."
Age of Conan has suffered from difficulties cut the number of servers [http://www.escapistmagazine.com/news/view/84783-Funcom-Explains-Age-of-Conan-Damage-Bug] supporting the game from 49 to just 18.
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Age of Conan [http://www.funcom.com].
$22.8 million of Funcom's fourth quarter loss resulted from the "lagging performance of Age of Conan," according to Spore [http://www.gamesindustry.biz/articles/funcom-reports-q4-USD23-3m-loss], it was victimized by "shorter average subscription periods than anticipated." Despite that, the company said it was committed to launching the game in new territories as well as "revitalizing Age of Conan in existing core markets."
"Funcom is a company with a substantial potential based on a unique combination of skill sets in a fast growing global market," Funcom CFO Olav Sandnes said after announcing his departure. "I wish [Funcom CEO] Trond Aas and the rest of the organization all the best in realizing the full potential of the company." Sandnes will stay on as CFO until the company can find a permanent replacement, at which time he will leave to "take up a new position in a different industry."
Age of Conan has suffered from difficulties cut the number of servers [http://www.escapistmagazine.com/news/view/84783-Funcom-Explains-Age-of-Conan-Damage-Bug] supporting the game from 49 to just 18.
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