Funcom Announces Acquisition Of Conan Property

Funcom has announced that it has approved plans to acquire 50% of the Conan the Barbarian portfolio. The acquisition, approved by the board and pending approval at a general investor meeting in January, would see Funcom benefiting from a 50% royalty reduction on Age of Conan and Conan Exiles while also acquiring 50% royalties for any game developed using Conan and various other properties acquired as part of this venture.

The joint venture company will hold interactive/video gaming Intellectual Property (IP) rights based on the works of Robert E. Howard and classic Swedish pen & paper and board game properties, including attractive IPs such as “Conan the Barbarian”, “Solomon Kane”, “Mutant Chronicles”, “Mutant: Year Zero”.

The acquisition will allow Funcom to secure more frequent launches of games both produced internally as well as co-developed and published from third party partners. Rather than paying cash, Funcom will be paying with shares, reducing risk and increasing revenues. More information on the acquisition can be found at the link below:

(Source: Funcom)

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