Funcom shares plummet

This week was a major week for developer/publisher Funcom as it marked both the release of their new pay-to-play MMO The Secret World and a sharp drop in the company’s shares on the market. The Norwegian-based company which is best known for MMO titles such as Anarchy Online and Age of Conan suffered a whirlwind chain of events. The company’s CEO Trond Arne Aas resigned as the new title released, followed by more bad news with shares dropping almost 40% on the Norwegian market.

The Secret World, the company’s newest release is an MMORPG based on a modern day setting where elements of fantasy, secret societies and conspiracy are combined to create an original storyline. The launch thus far has not been without issues with many complaining of bugs and other problems affecting the game. However, the game has released largely to critical acclaim and many are impressed by the game’s unique setting and atmosphere. On Metacritic, the game currently holds an aggregate score of 79.

The game was released with minor publicity and very little marketing, so it will be interesting to see whether or not it has long term success or if it goes the way of Age of Conan.