Funcom Loses $23M, Age of Conan Subscribers Fall Below 100,000

Age of Conan developer Funcom today announced a fourth quarter loss of $23 million, with an overall 2008 net loss of $33.8 million.

The news comes along with the announcement that Funcom's chief financial officer, Olav Sandnes, has resigned from the company. nope At one time boasting 700,000 subscribers following its May 2008 release, Norwegian financial group DnB NOR Markets now estimates that subscriptions to Age of Conan have fallen below 100,000, according to E24.

Funcom shut down 63% of Age of Conan's servers in January, reducing the MMO from 49 online worlds to 18. Age of Conan game director Gaute Godager left the company in September of last year, crediting his dissatisfaction with the game as the primary reason for his exit.