Anarchy Online Summary
Tencent already owns almost 29% of the shares in Funcom.
Recently Funcom has been in a spot of trouble with Norwegian authorities as they were suddenly under investigation for 'financial impropriety' and even got removed from the Oslo Stock Exchange.
CEO Ole Schreiner has now spoken out on the matter and said "though it was quite a dramatic event," it was soon over. The police only seized "a handful" of PCs.
The latest investor call from Funcom reveals revenue for Q4 2013 is down from last year's $7.78 million in the same period, to $4.27 million this year. Deferred billings, weaker sales and competition are cited.
However their big MMO projects are "relatively stable" with Age of Conan and Anarchy Online their primary revenue. All their MMOs are providing a "cash flow positive".
Funcom's restructuring has started to come into effect as Funcom Beijing is to be closed down. The Chinese-based studio team did a lot of art and animation work for The Secret World.
Meanwhile the live teams for Funcom MMOs are being rehomed at Raleigh, North Carolina. This moves most live devs from Montreal, which will focus more on unannounced mobile projects.