clock menu more-arrow no yes

Filed under:

'The Secret World' is now profitable, committed to 'ambitious post-launch updates'

On the way up

the secret world new york
the secret world new york

The Secret World is a profitable operation since the restructuring of Funcom

The Secret World is "now a profitable operation" since the restructuring of Norwegian studio Funcom's internal teams, new CEO Ole Schreiner confirmed in an interview with GamesIndustry.

"That's also why we are committing to the ambitious post-launch update plan. We're quite comfortable with where we are now and what we're providing our players."

Funcom was hit with a round of layoffs earlier in August following the release of their massively multiplayer title. The company announced in an investor update that Funcom was "currently implementing several cost-adjustment initiatives due to the expected lower initial revenues from The Secret World to secure future positive cash flows."

At the time, Funcom lamented The Secret World's lower-than-expected review scores and financial expectations for the massively multiplayer online game co-published with EA. Roughly half of the company was affected by layoffs.

Schreiner added that while Funcom still believes in its use of the subscription model for The Secret World, it has "the tools to turn The Secret World into a free-to-play game - or even hybrid" should they decide to go down that road in the future.