Norway-based Funcom has established a new casual MMO-focused subsidiary, SweetRobot.
Its first act will be to publish the upcoming social MMO title Pets vs. Monsters. Aimed at a younger demographic, specifically children aged eight to twelve, it will go into public beta testing later this month.
In November Funcom announced that it is in the early stages of planning another free-to-play MMO called Board With The World. The company expects to begin working on a prototype for the extreme sports title in January 2010, aided by a recently awarded grant from the Norwegian Film Fund.
The Age Of Conan publisher also posted a $9.6 million loss and reduced revenues for the third quarter ended September 30.