Funcom under investigation by Norwegian financial crime authority

funcom

By on January 30, 2014 at 2:46 pm

The Secret World developer Funcom has been re-instated to the Oslo stock exchange overnight, following its temporary de-listing after it became the subject of an investigation by Økokrim.

Økokrim, the Norwegian authority that deals with financial crime, is investigating Funcom over “suspicion of infringement of the provisions of the Securities Trading Act with regards to the financial information given to the market regarding The Secret World from August 2011 until the launch of the game in July 2012 and the two months following the launch”.

This news comes at a time when Funcom are not exactly in the best financial position, losing large amounts of staff and money since launching The Secret World, and cutting back on their international operations.

We’ll keep you informed if any more news comes to hand.

Source: Rock, Paper, Shotgun

14 comments (Leave your own)

Such a shame since TSW is one of the most underrated MMOs out there.

People always ask for something different, yet when it comes around it doesn’t do well.

 

I thoroughly enjoyed TSW. Such a good, different game.

 

I dont know how people liked TSW.

The game had such promise, but the combat was the most horribly implemented part of the game. Every move looked the same, there was no actual feeling of it hitting enemies (like the swords not making any noise when it hits things), that it became just a ‘spam one button to win’ kind of game.

 

had0w,

The combat is no more generic that 99% of the mmo’s out there, however everything outside of the combat is sublime.

EDIT:Inb4 this ends Anarchy Online before they get the mythical engine upgrade released.

 

had0w:
I dont know how people liked TSW.

The game had such promise, but the combat was the most horribly implemented part of the game. Every move looked the same, there was no actual feeling of it hitting enemies (like the swords not making any noise when it hits things), that it became just a ‘spam one button to win’ kind of game.

If you play TSW just for the combat, you’re doing it wrong. TSW excels in other sections.

 

felixinside,

The combat was a huge part of the game. You couldnt take a few steps without agroing something.

The story and quests were good, but the combat was the main part of it given that most of the game you spent playing, you were in some kind of combat.

 
WAusJackBauer

Ima let you finish but Anarchy Online is the greatest MMORPG of ALL TIME.

 

had0w:
felixinside,

The combat was a huge part of the game. You couldnt take a few steps without agroing something.

The story and quests were good, but the combat was the main part of it given that most of the game you spent playing, you were in some kind of combat.

Yes true, but I personally didn’t feel the combat to be THAT bad. It was really awkward at launch but they fixed it up down the track.

It doesn’t have the best combat but I enjoyed TSW for the other parts mostly.

 

Stock exchanges take information disclosure very seriously, I wonder how they felt Funcom obfuscated any parts about TSW.

On their website they said on one of the press releases just after the game came out that:

“‘The Secret World’ launched to great critical acclaim on July 3rd and is the highest rated current PC game on MetaCritic by user score.”

That sounds like a load of wank and lying to shareholders.

“The number of players is growing quickly and to cope with the increasing traffic”

Sounds dubious.

“The first press reviews are starting to surface, and so far the reviews are very positive. Hyper Magazine has given the game a 9/10 score, saying “…this could be the most important MMO since ‘World of Warcraft’”. NowGamer awarded the game a 8.3 out of 10 score, praising the game’s excellent graphics saying the “…DirectX 11 visuals challenge the limits of what we’d credit an MMO as capable of achieving.” Other reviews hitting today include 5/6 from both VG and Dagbladet, two of the biggest mainstream newspapers in Scandinavia, as well as a 9/10 from PC Powerplay. Looking at the incredible number of comments on forums and social media channels, feedback from players has also been overwhelmingly positive so far. The game is receiving praise for breaking new grounds for the MMO genre, combining technical and gameplay innovation with superior high quality production values.”

Also sounds dubious.

Saying 1.5m people signed up for beta can be misleading when you never disclose your actual subscription numbers on your website (and reading their financial reports are a pain, although their 2012 report likely includes it). All they talked about was how good the beta was going on their investor relations site.

Hopefully nothing comes of it but lying about anything to investors is taken very, very seriously. It probably has something to do with the oversubscription for the issuance of new shares.

 

wausjackbauer,

I’ve got a copy of Star Wars: Galaxies here that disagrees with your assessment.

 

You must have seen something other then I did.
I found it nearly as boring as SWtOR.

 

I still enjoy it and find it fun. :)

I like the combat too. It has a lot of depth once you get into it.

The big Tokyo expansion is nearing release too.

 

kinkykel,

Yeah, and where is Galaxies now?
AO kicks its rotting corpse.

 

trb:
You must have seen something other then I did.
I found it nearly as boring as SWtOR.

Cause you’re probably more into gear and combat in MMOs than Story and Atmosphere

 
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