Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 22, 2014
arrowPress Releases
August 22, 2014
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

January 24, 2014 | By Christian Nutt
Comments
    1 comments
More: Console/PC, Business/Marketing



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

Retro Studios - Nintendo
Retro Studios - Nintendo — Austin, Texas, United States
[08.21.14]

Gameplay Engineer
Crystal Dynamics
Crystal Dynamics — Redwood City, California, United States
[08.21.14]

Producer
Trion Worlds
Trion Worlds — Redwood City, California, United States
[08.21.14]

Senior Gameplay Engineer
GREE International
GREE International — San Francisco, California, United States
[08.21.14]

Senior Software Engineer, Unity










Comments


Albert Liao
profile image
Pretty good! Pretty good!


none
 
Comment: