Norwegian Funcom has announced a partnership with Cabinet Group LLC to establish a new company to hold and manage the interactive rights to numerous intellectual properties from the writings of Robert E. Howard and the Swedish original pen & paper and board games.
The portfolio of Heroic Signatures, as the company is called, includes a total of 29 different IPs such as Conan the Barbarian, Solomon Kane and Mutant Chronicles, as well as Dark Agnes, Kult, Kull of Atlantis, Mutant: Year Zero and El Borak.
These properties will be available for other developers to license, as part of Funcom’s increased focus on co-development and publishing partnerships.
“Heroic Signatures is now the guardian and caretaker of a veritable treasure chest of incredible worlds, each of them ready to be brought into the interactive space,” says Funcom CEO Rui Casais. “Any developer or publisher will be able to license these properties, and our ambition is to see a multitude of games grow from these worlds and to see the properties strengthened across the board to the benefit of everyone who works with them.”
To fund new publishing partnerships and expand game production internally, Funcom has also secured 10.6 million USD from SwedBank Robur Fonder, which has previously invested in several other major game developers and publishers.
“We see this as a new giant leap in Funcom’s turnaround,” says SwedBank Robur Fonder fund manager Erik Sprinchorn. “Building on its impressive recent development, multiple new revenue sources from IP and strategic expansion into publishing will increase cash flow robustness and boost further growth. Combined with additional funding and a reverse split the company is now really well positioned as an attractive long-term investment.”
Learn more about Heroic Signatures at www.heroicsignatures.com.
Funcom is a Norwegian video game developer specialising in online games and best known for the massively multiplayer online role-playing game (MMORPG) titles Age of Conan, Anarchy Online, The Secret World and The Longest Journey series. In addition to Oslo headquarters, Funcom has offices in the US, China, Switzerland and Canada.
Learn more about the studio at www.funcom.com.