Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 25, 2016
arrowPress Releases
August 25, 2016
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Red 5 lands $23 million, plans to launch  Firefall  in 2014
Red 5 lands $23 million, plans to launch Firefall in 2014
January 24, 2014 | By Christian Nutt




Newsbrief: Today, Chinese game developer and operator The9 announced that Chinese media company Shanghai Oriental Pearl Culture Development Co., Ltd. has purchased a 20.01 percent stake in its U.S.-based studio Red 5 in a deal valued at $23 million.

Red 5 is the developer of the free-to-play MMO shooter Firefall. The9 bought a majority stake in the studio for $20 million in 2010.

Acting CEO James Macauley said in a statement that this investment "will offer us the means to execute on our plan for successfully launching Firefall in 2014." The game is currently in open beta.

Red 5 lost its co-founder and original CEO Mark Kern in December 2013.


Related Jobs

InnoGames GmbH
InnoGames GmbH — Hamburg, Germany
[08.25.16]

Senior Automation Engineer/ Software Engineer in Test (f/m)
Vicarious Visions / Activision
Vicarious Visions / Activision — Albany, New York, United States
[08.25.16]

Tools Engineer
Vicarious Visions / Activision
Vicarious Visions / Activision — Albany, New York, United States
[08.25.16]

Senior Producer-Vicarious Visions
Fermat Software
Fermat Software — Plantation, Florida, United States
[08.24.16]

Senior SDK Software Engineer (Virtual Reality tools group)









Loading Comments

loader image