Funcom picks up the Conan IP and ‘dozens’ more with latest acquisition

    
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One of the trickier parts of the MMO business is the interplay between IP holders and the companies that make games with those IPs – after all, we’ve certainly seen MMOs implode over the loss of an IP before. One good way to avoid that problem is to just… buy the whole IP. And that appears to be exactly what Tencent-owned Funcom has done with the Conan IP.

“Funcom today announced the acquisition of Cabinet Group, home to dozens of intellectual properties, including Conan the Barbarian, Mutant Year Zero and Solomon Kane. Cabinet Group’s entire portfolio will be incorporated into the IP studio and Funcom subsidiary Heroic Signatures. Funcom CEO Rui Casais said he has high ambitions for the IPs and noted at least one unannounced project is already in development.”

Apparently, the Cabinet Group boss will stay on as boss of the new Heroic Signatures, which Funcom hopes to parlay into additional projects. “We are currently overseeing the development of an unannounced game which will combine many of the characters in the Robert E. Howard universe,” Rui Casais says in the press release. “And if you combine Funcom’s knowledge of games with Heroic Signatures’ knowledge of the TV/entertainment, publishing, and licensing industries, it makes us perfectly placed to take this venture to the next level. It’s exciting times ahead for us and for fans of the IPs.”

Even if nothing ever comes from that, it’s a comfort for fans of Conan Exiles, Age of Conan, and the absurdly-long-delayed Conan Chop Chop.

Source: Press release
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Kevin Brill

Bree mentions Chop-Chop: check

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Tobasco da Gama

Makes sense, it feels like Funcom are the only folks doing anything Conan-related anyway. Might as well make it official.

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Immoral

Given that Tencent and by proxy the CCP owns Funcom, I fully expect an emphasis on mobile gacha games and little else.

ihatevnecks
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ihatevnecks

This seems to just be the second half of something they started back in December 2017, which MOP also reported on. Funcom received a huge investment from a Swedish bank to start a joint studio with Cabinet, called Heroic Signatures, with the goal of making content from those same properties. Only difference is this time it’s a full acquisition.

Considering the only things we got from that venture were the Conan strategy game (anyone remember that??) and the equally forgotten Mutant Year Zero XCOM clone, I’m not particularly optimistic about the results from this.

Funcom establishes joint venture with Cabinet Group

EmberStar
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EmberStar

I need to take time to finish Mutant: Year Zero. As far as I’ve gotten, it seems like a decent X-Com style game.

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mars omg

-_-

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Hirku Two

I’m even more appreciative of my 3 volume set of REH’s stories and novels. It’s the only Conan I’m going to get now and that’s just fine by me.

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Paragon Lost

(Sigh) (Grumble) Can’t say I’m a fan of this situation.

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Bruno Brito

Nice! Now they have more IPs to neglect.

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Brinto Sfj

Chinese money can truly do wonders! But it can’t produce good developers out of thin air. So indeed, we will see Funcom continue to ignore their owned IPs and published+developed games.

Stefan
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Stefan

With more money behind Funcom i can only see better things coming from there, it was never that they lacked ideas or the guts to try something new it was generally the lack of development time and polish that dragged their games down.

That does mean the chances of ever seeing something new with the Anarchy Online IP seem even less likely than it already was, sadly.

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Crowe

With respect, I don’t think anything will change with Funcom. They will still end up lacking dev time and polish unless something drastic changes internally.

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Andrew Clear

I agree with Crowe on this. I am actually surprised they had the money to make the acquisition.

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Simon Gördén

Tencent is lacking cash? News to me *shocked face*

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Mercy Forever

you clearly havent been paying attention .if tencent doesnot have the cash .who will

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Andrew Clear

I’m not talking about Tencent, I am talking about Funcom. Just because Tencent owns Funcom, doesn’t mean they will just take financial losses on Funcom. Funcom must be pulling in some money, in order for this acquisition to take place.

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Tobasco da Gama

Yup, they’ve had severe leadership problems since the beginning, and not even ousting the guy who got arrested for insider trading seemed to do much to improve things.

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Malcolm Swoboda

1 day after I removed a bunch of their games off my wishlists.