If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Firefall set to launch this year thanks to $23 million in funding 

Firefall developer Red 5 Studios' parent company, The9 and two shareholders have entered into share purchase agreement to Shanghai Oriental Pearl Culture Development Co., Ltd. of approximately $23 million. This means more funding for the MMO which was originally planned for a 2011 release. "This additional round of funding will offer us the means to execute on our plan for successfully launching Firefall in 2014.” said James Macauley, acting CEO. “This is the year Firefall takes flight. The entire Red 5 tribe is focused on creating top quality content that will take Firefall to the next level and we are excited for this next stage of development.” Former CEO Mark Kern stepped down as CEO back in December. Thanks, BWW.

About the Author

Stephany Nunneley avatar

Stephany Nunneley

News Editor

Half-blind/half-dyslexic, bad typist, wine enthusiast, humanitarian, intellectual savant, idiot savior, lover of all things nonsensical, animal hoarder and highly sarcastic.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

Comments

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch