Funcom's Annual Report Reveals New The Secret World Spin-Off, LEGO Minifigures Online May Shut Down In October

Funcom's annual report is here and it is somewhat of a mixed bag. Highlights include the fact that the company wants to create one "smaller game" per year. The first of these was The Park. Another was confirmed to be in development in the following statement: "the Company has started internal concept development and [prototyping] for a smaller game based on The Secret World IP."

LEGO Minifigures Online has not performed well. The following quote explains.

Funcom communicated in the Q3 2014 report that the initial numbers coming in from the first weeks of live data indicated that it would take longer than planned to achieve the internal targets for player and revenue in 2014 and 2015. 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.

Additionally, "Due to the low revenues originating from this product, the development team was moved to other projects." With no team, low revenues, and the license agreement coming to an end, it sounds as if LEGO Minifigures Online will be meeting its end in October 2016.

Looking forward, "The Company believes the largest potential value drivers of the Company to be the upcoming Conan Exiles, with its live games – Anarchy Online, Age of Conan and The Secret World continuing to bring solid revenues."

You can find the full report here.