A few days ago, The Secret World re-launched with a revamped combat system and streamlined user experience as Secret World Legends. I’ve spent the better part of a week immersed in it, trying to see how it stacks up against not only its former self but also some of the more recent competition in the market. It’s taken me a while to sort out my thoughts and feelings regarding the game, but I hope this can help you do decide if SWL may be right for you.
Funcom has been facing financial troubles for some time now, however that’s all about to change as the company just received a huge private placement investment.
The independent game developer and publisher, known for the Age of Conan, Anarchy Online and The Secret World MMOs, recieved a 6.3 million USD private placement investment. The company also significantly reduced its debt by 7.7 million USD through a debt conversion process that has no cash impact on the company. As a result, the company’s equity greatly improved from -10 million USD to more than +4 million USD.
In regards to the investment, Funcom CEO Rui Casais said, “This investment is a major turning point for the company. Funcom has been making great games for more than twenty-three years, but it is no secret that the company has had a strained financial situation in recent years that made it challenging to fully realize our new strategy and get back on the right track. This investment allows us to finally do that.”
Through a partnership with Conan Properties, Funcom’ is developing Conan Exiles, an open-world survival game that launches into Early Access during late summer 2016. Conan Properties announced last year that this partnership would make Funcom the preferred partner for all PC and console games based on the Conan the Barbarian brand, the first of which is Conan Exiles.
The company’s strengthened financial situation also allows it to continue supporting and expanding its current live games.
Funcom, known for the Dreamfall series of games and The Secret World are releasing a new single player horror game set in the universe of The Secret World, called The Park.
Funcom has announced the closing of its Beijing studio by the end of this year, known for providing art and animation to The Secret World.
Recently at the C&G offices, we were discussing games which were released this year that haven’t garnered the response they should have.
I’m hip, hip deep into The Secret World playing through for my review.