FOR IMMEDIATE RELEASE
Under this agreement, Webzen will receive compensation for the prior development fees paid to Red 5 and also will share in future revenue generated from Red 5’s game entitled Firefall for a certain period of time. Red 5 and its affiliated company received the global publishing rights under the settlement agreement. Webzen will no longer be involved in marketing and publishing Firefall in any territory as a result of this agreement.
Mark Kern, CEO of Red 5 Studios said, "Given the resolution of all disputes and conflicts between our two companies I would like to ask for our fans, especially Chinese and Korean gamers,’ continuous encouragement and support in Firefall and Red 5."
From now on, please contact Red 5 Studios and Red 5 Korea for more details regarding Firefall.
About Red 5 Studios
Red 5 Studios, Inc., an online game developer located in California, is founded by Mark Kern, former team lead for World of Warcraft. Red 5 is dedicated to bringing together millions of gamers across the world by creating immersive worlds, intriguing stories and compelling characters. Red 5 believes that online games and persistent worlds are the future of video games. Visit www.red5studios.co.kr for more information.
Red 5 Korea - PR Manager
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