Funcom Q3 2019: Amid revenue drop and Tencent stock buy-up, Funcom is working on multiple new games

    
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It was going to be hard for Funcom to top its 2018 financials, given that it rolled out Conan Exiles last year but has spent most of this year publishing other studios’ titles while it works on the multiple online games in its pipeline, so it’s no surprise that its third quarter revenues are down quite quarter over quarter and year over year: $5.353M compared to $7.534M in the same quarter in 2018, a drop of 29%.

“The third quarter of 2019 was a low-key period in terms of releases for the company, with several small activities happening on several games,” Funcom CEO Rui Casais says, referring to Mutant Year Zero: Road to Eden, Conan Exiles, and Moons of Madness. “We continue the investments into our games pipeline and particularly into our internally developed games Conan Exiles, the DUNE open world survival game and the Mutant Chronicles online shooter.”

Those two games, of course, we already knew about, along with Conan Chop Chop, whose launch was previously delayed in 2020 in order to onboard proper multiplayer. But the press packet also mentions two additional unrevealed titles, one published for developer Games Farm, and one published for The Outsiders, a Swedish-based indie studio run by former Battlefield devs that’s apparently working on an RPG. The studio’s original trio of MMOs aren’t mentioned outside of a slide for “community events.”

In his note for investors, Casais also reiterates his welcome for China’s Tencent, which purchased 29% of the company in September to become Funcom’s largest shareholder.

Source: Funcom investor report, press release

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Randomessa

Good grief. The only product of theirs in the pipeline that I had even the tiniest glimmer of hope or interest in, Dune, and they go and say it’s gonna be a survival game. They’re truly dead to me at this point. Much like SWL.

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wieland

For me its wait and see.
I have seen hardcore survival and games that are labeled survival but are so soft its a joke.
A description means nothing.
They are still very low in the production line.
In the end it could be a competely different game.

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Natalyia

Conan Exiles is a survival game, and Funcom really nailed the mood and aesthetics of the Conan universe in it. It’s certainly not an MMO or single-player RPG, but there’s story told in the world there, it’s just not done with quests.

You can also play Exiles solo, or with friends, with the survival mechanics tailored to what you want – down to next to nothing if you want. All without a $99/year subscription.

Arrakis is certainly a harsh enough environment to warrant a survival game, I just hope they do something clever with it, rather than have it been Exiles with a Dune lore-skinning.

I’m cautiously optimistic that it will be worth playing. Exiles certainly was (and is) and I’m not in general a fan of survival games.

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Richard de Leon III

No support for TSW? 😨

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Bruno Brito

Let it go. They don’t care.

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Greaterdivinity

I think the past few years of functionally zero support for SWL since the relaunch have made it clear that the title’s in maintenance mode. Best we can hope for seems like more SW universe spinoffs : /

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Natalyia

If you needed any further confirmation that SWL is effectively in maintenance mode, the lack of any tie-ins whatsoever with “Moons of Madness” should have given you certainty. (And I’m assuming TSW is a typo for SWL here :) If you’re really hoping for new TSW development, we need to have a different conversation…)

It was the perfect opportunity to leverage the voice-acting and writing talent used to create MoM to make some low-effort missions tying SWL to the new game. And we got nothing at all.

I didn’t expect anything – but when MoM hit, and it was so gloriously integrated into Secret World lore (as opposed to just borrowing a few names from the universe in a generic sci-fi horror game), it did hit me in a way I’d have vehemently denied it would.

The attempt to reboot TSW into SWL has failed. It hasn’t failed hard enough to shut the game down, but it has failed hard enough to not justify Funcom spending more development effort on content it can’t charge anything for. The reboot was always a risky move for Funcom, but TSW wasn’t paying the bill either, and at least we got South Africa out of it.

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Mikey's Bored

I didn’t realize the DUNE game was a survival game..Bleh

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Java Jawa

excited for dune, sad that it’s survival. . . The IP is beautiful , literally GoT before there was a GoT set in science fiction setting….but nonstop survival games are getting old, it’s like a shortcut to an MMO.

Mewmew
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Mewmew

Not really. Game of Thrones is unique in that the biggest most popular characters are very often slain. They build someone up as this loved person you think the story is going to be about, then unceremoniously kill them off. Dune isn’t like that. “But people are fighting for seats of power” – yeah just like in a billion stories that appeared before Dune, and just like real life.

Dune is its own great story and IP, but why you’re comparing it to Game of Thrones is wildly confusing to me. It really isn’t like GoT at all. I guess that’s something you do to try and get people interested in it because GoT has been so popular.

Anyway I’m not really into survival games much either at the moment. I like real actual MMORPGs with central servers and many thousands of people. I doubt I’d buy any new survival game really, unless, unless it was a really well done realistic Cat survival game :P

I’m wondering if they’ll do the whole worms thing correctly. You can’t have Dune without them. But in the end since I won’t be buying it I won’t really care too much. I may end up with it anyway as I did with Conan Exiles because it came in the Humble Bundle subscription one month. But like Conan Exiles I probably will never install it if that happens.

I’m really interested in Conan Chop Chop though :D

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Java Jawa

I’m with you on Conan chop chop, some silly fun!

My point of comparison:

Politics:
3 houses
7 kingdoms

Power struggle:
Spice v iron throne

Mystic Order:
God of no name/Melisandra v Beni-Jeserat

Hero
J.S. v Atriedes both have their quirks

Shock Value
Got main cast v Dune main cast of houses, both get axed

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Eamil

Game of Thrones is unique in that the biggest most popular characters are very often slain. They build someone up as this loved person you think the story is going to be about, then unceremoniously kill them off.

Did that honestly work more than once? When I was reading the books, after Ned Stark it was obvious to me that there was no point getting emotionally invested in a given character.

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Life_Isnt_Just_Dank_Memes

I can’t imagine how hard it will be to do a DUNE game properly. The source material is so dry and fans are absolute sticklers. Seems like a recipe for disaster. Best of luck to them, but I’m also skeptical of the film. I just don’t know that those novels can be translated to the screen properly or a game. Hope I’m wrong!

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Dankey Kang

The source material is so dry

Is that a pun?

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Java Jawa

lol good one – let me ink a response :)

MilitiaMasterV
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MilitiaMasterV

There’s actually 2 Dune movies, and then there was a Sci Fi channel ‘original’ mini-series that they actually worked with Frank Herbert’s son (Due to his passing. RIP) where he made sure it was as close to his father’s work as he could make it, and stopped allowing them access to the IP when it started to drift away/they started ‘taking liberties’ with the original story. The movies/mini-series didn’t even make it maybe 3 books in, so no, they didn’t ‘do it justice’, but it was certainly a very intriguing story. I’m surprised the family even allowed access to the IP to make a game at all…

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johnwillo

The Cash Must Flow.

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Armsbend

lol well done.

MilitiaMasterV
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MilitiaMasterV

Except that if you delved deeply enough into that idea/concept, you’d realize that it’s NOT flowing, it’s just flowing one way and that’s a problem, which is one of the major sticking points they were having… :P

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Armsbend

I’m not – even Dune could be forgotten if you just let it go.

After trying my best to watch the Sci Fi show that wanted to stick to the material I realized just how much better Lynch’s movie was. I can only imagine what he might have done if he were left alone on the project.

I am passionate about the book but not everything needs to be followed to the letter.

MilitiaMasterV
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MilitiaMasterV

They had their own unique takes on it…and each did some parts better than the others.

I personally enjoyed the newer version more, but that was more because of the special effects being vaguely better, but they kind of just ignored/glossed over the whole ‘heart plug’ bit in that one, so I do give the older version props on that front.

Both had decent actors/actresses for the roles, so neither was lacking on that front. (I may be biased because the guy who played Baron Harkonnen in the second one, also had a role in another movie that is a favorite movie of mine…’No Escape’…and no, not the new movie with the same name, the one with Ray Liotta.)

Looking at IMDB…apparently they made another Dune movie and it’s ‘post production’/due in Dec 2020…so there will now be…3 of it? lol

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Armsbend

You didn’t know about the upcoming Dune?

Denis Villeneuve is directing. Which is better than the comic book hacks.

Highlight actors are:
Tomothee Chalamet as Paul
Jason Momoa as Duncan
Josh Brolin as Gurney
Javier Bardem as Stilgar (my favorite casting)

and lots more. Stellar casting.

But who knows. Dune has hurt more careers than it has made. Although for Lynch it was a necessary step in defining who he was.

MilitiaMasterV
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MilitiaMasterV

I’m ‘out of the loop’ on a lot of current ‘trends’ since I’m one of those ‘lone wolf’ types due to a severe social phobia/generalized anxiety disorder and have long since run out of ‘friends’ to be told about things. I read all sorts of tidbits of news trying to keep up, but yeah, I miss stuff all the time, and am lagging farther and farther behind.

I noticed the cast list on IMDB, and was surprised they managed to get all of those. Might give it a watch.

I’m interested to see what this Dune game will be like, but hope it’s not just a re-skin/hash of another game with MTX all over it.

Kind of getting tired of everything being a bunch of money-grubbing without decent content you’d want to pay for…if devs want us to pay for things so badly, entertain us and we’ll throw plenty of money their way without even thinking about it much…