- Mighty Kingdom (MKL) reports initial sales of its first console game Conan Chop Chop were lower than expected despite “excellent” and “positive” reviews
- The company said other major game releases around the same time may have taken the focus away from its first console game
- However, Mighty Kingdom insists that lifetime sales modelling shows there is likely to be a longer revenue “tail” on the game
- The game currently has a Metacritic rating of 75, indicating positive reviews from players and media outlets
- Mighty Kingdom remains steady at $0.10 per share
Mighty Kingdom (MKL) has reported that initial sales of its first console game Conan Chop Chop were lower than expected despite “excellent” and “positive” reviews.
The game was launched March 1 on all major gaming consoles and PC, and was made in conjunction with publisher Funcom.
The company said other major game releases around the same time may have taken the focus away from Conan Chop Chop.
However, Mighty Kingdom insisted that lifetime sales modelling shows there is likely to be a longer revenue “tail” on the game, driven by positive reviews and the nature of the gameplay lending itself to social gatherings.
“Conan Chop Chop allowed us to showcase our creativity and development skills as we delivered our first console game by leveraging our unique story narrative and world building capabilities, backed up by our data-driven design methodology,” Managing Director Philip Mayers said.
“We now have a strong, in-house skillset in the console space that can be applied towards our own Original IP initiatives as well as driving fresh co-development interest.”
The game currently has a Metacritic rating of 75, indicating positive reviews from players and media outlets.
It was also noted that many “Live streams” and “Let’s Plays” on Twitch and YouTube were uploaded and played by influencers, with the online multiplayer and co-op nature of the game lending itself well to sessions with multiple creators.
Mighty Kingdom has seen significantly more inbound interest in co-development opportunities because of the release, which it said represents a positive shift in the markets’ perception of the company’s development team.
Mighty Kingdom remains steady at $0.10 per share.