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Red 5 Secures Additional Funding To Officially Release Firefall MMO

by Ben Reeves on Jan 24, 2014 at 01:29 PM

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The upcoming free-to-play MMO Firefall has had its fair share of development challenges, but the studio has just received $23 million dollars in additional funding to help get the game polished up and out of beta.

Back in September, Red 5 suspend development of Firefall's PvP to rethink the game's overall development, and then in December the company's board voted to removed Mark Kern as Red 5's Chief Executive Officer, but the company's fortunes could be turning around thanks to a $23 million dollar investment from Shanghai Oriental Pearl Culture Development Co., Ltd., and a group of Red 5 Studios shareholders.

“This additional round of funding will offer us the means to execute on our plan for successfully launching Firefall in 2014.” said Red 5 Studio's acting CEO James Macauley. “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.”

The game has been in open beta for a long time, but you can read our latest impressions of it here.


Our Take
I'm not much of an MMO player, but I've heard from a few people that Firefall is in rough shape. Hopefully this additional funding is what the game needs to find its groove and attract a sustainable audience. Firefall has already gone through a series of changes, and it looks like 2014 will be another evolving year for the game. Here's hoping that the company shake ups and the additional funding are what it needs to succeed.