Funcom’s latest quarterly report is out and it looks like Lego Minifigures Online is getting ready to kick the bucket. Launched in 2015, we’ve covered numerous statements from Funcom over the ensuing quarters that the game was not performing up to internal forecasts. Last year, the company even wrote off $2.9 million due to the performance of the online game, making the unprecedented move of taking the title off of its free to play model and converting it over to a buy to play system.
Lego Minifigures Online has been relegated to a lost cause in the latest report, with Funcom stating that there is no hope that the game’s metrics will improve, that it will meet internal expectations, and therefore investment into the game has been adjusted accordingly. Furthermore, the statement specifically mentions that LMO’s license is finished in October.
The Company has during 2015 been unable to improve these numbers. As a result of this the revenues generated by LEGO® Minifigures Online did not meet the internal forecasts. The Company has therefore fully written off the underlying assets of the game. As of the time of this annual report, the Company does not find it likely that any of the game metrics will improve, and has adjusted its investment in the game accordingly. The license agreement with LEGO for the LEGO® Minifigures Online game ends October 2016.
If you’ve yet to buy into Lego Minifigures Online, it is probably in your best interest to keep it that way. While Funcom has not explicitly stated that the service is shutting down, nor have they given a date, the message is quite clear.
(Source: Funcom)
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