Funcom gets $10.6M investment, signs deal to handle Conan and other RPG properties
Funcom’s not quite done with Conan just yet, not by a long shot.
The Conan Exiles studio announced today that it has signed a deal to establish a joint venture called Heroic Signatures that will manage the interactive rights to many pen-and-paper RPGs, including Conan the Barbarian, Solomon Kane, and Mutant Chronicles. Funcom and Cabinet Group LLC will each own 50% of Heroic Signatures and will be attempting to license out or develop these 29 intellectual properties for the video game market.
To aid in this, Funcom has secured a $10.6 million investment from SwedBank Robur Fonder AB. The studio said that it will use these funds to establish publishing partnership with developers and create more games internally. The bank said that it sees this deal as “a new giant leap in Funcom’s turnaround.”
“Heroic Signatures is now the guardian and caretaker of a veritable treasure chest of incredible worlds, each of them ready to be brought into the interactive space,” said Funcom CEO Rui Casais. “Any developer or publisher will be able to license these properties, and our ambition is to see a multitude of games grow from these worlds and to see the properties strengthened across the board to the benefit of everyone who works with them.”