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Red 5 Studios
MMOFPS | Setting:Sci-Fi | Status:Cancelled  (est.rel 07/09/13)  | Pub:Red 5 Studios
PVP:Yes | Distribution:Download | Retail Price:n/a | Pay Type:Free | Monthly Fee:n/a
System Req: PC | Out of date info? Let us know!

Red 5 Announces All Employees Have Been 'Paid in Full'

Posted by Suzie Ford on Dec 30, 2015  | Comments

Red 5 Announces All Employees Have Been 'Paid in Full' - Firefall - MMORPG.com

VentureBeat.com has obtained a statement from Red 5 that says that all employees have been paid what they are owed. The statement does not indicate if they were paid on the date expected (December 24th) or, as we reported this morning, earlier today. Regardless, it is good to hear that employees have been paid.

“Red 5 Studios, Inc has paid all employees in full. Recent rumors of Red 5 Studios’ financial situation are not accurate.”

Source: VentureBeat.com

The full statement from Red 5 & The9:

Red 5 Studios, Inc has paid all employees in full. Recent rumors of Red 5 Studios’ financial situation are not accurate.

Firefall is currently operating a limited-account beta test in China. Red 5 studios is encouraged with peak 2nd day retention reaching 84% and working on optimization and content updates for both US/EU and China clients. The upcoming content is now being tested internally and scheduled to be updated to the Firefall US/EU servers in Q1 2016.

Red 5 Studios continues to develop content for Firefall and is planning to have synchronized global updates after the US/EU update. In the first half of 2016, Firefall will have a major content update in China in preparation for the Chinese Open Beta test. Red 5 Studios is committed to provide a high quality interactive experience to gamers all over the world. For more information, please visit www.firefall.com.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom