Firefall secures funding, planning 2014 launch

Red 5 announced today that it has secured an additional round of funding, and plans to move ahead with the official launch of Firefall this year.

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Firefall developer Red 5 has announced that it's secured a new round of funding, and will use it to officially launch the game sometime later this year. The Series B funding from Chinese investor Shanghai Oriental Pearl Culture Development gives approximately $23 million, and will be used to finally bring Firefall out of its long-running beta period.

Plans for the full release include a story-based campaign, the introduction of open-world PvP after its previous eSports-focused PvP was pulled, and the ability to push back against the enemy threats and progress into new areas. The announcement didn't detail quite when these changes would be coming.

"This additional round of funding will offer us the means to execute on our plan for successfully launching Firefall in 2014," said CEO James Macauley, in the announcement. "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."

Firefall was originally planned to launch in December 2011, but then entered a lengthy closed beta period instead. It went into open beta last July. It had laid off show production staff in September, and the board voted out CEO Mark Kern in December.

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  • reply
    January 28, 2014 9:30 AM

    Steve Watts posted a new article, Firefall secures funding, planning 2014 launch.

    Red 5 announced today that it has secured an additional round of funding, and plans to move ahead with the official launch of Firefall this year.

    • reply
      January 28, 2014 9:53 AM

      Hahaha who the hell would give them money

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        January 28, 2014 12:40 PM

        well with the main guy out, probably someone smarter than whoever was giving them money before

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        January 28, 2014 1:39 PM

        I have no idea. This whole game seemed like a scam from the get go. There were a lot of red flags, like I remember them sending expensive packages to woo developers, and they've been tweaking this beta for ages now.

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      January 28, 2014 9:58 AM

      i forgot about this game... guessing i'm not the only one.

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      January 28, 2014 10:08 AM

      Holy shit, this thing isn't launched yet?! I played that beta like two years ago!

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      January 28, 2014 10:09 AM

      Woot. Can't wait for another movie studio to be added onto their company lol

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      January 28, 2014 12:33 PM

      Firefall launched as soon as they stopped wiping characters and allowing real money purchases. The game gets very repetitive and boring only after a couple hours of playing. I don't see this "additional round of funding" fixing the game unless they plan to do some drastic changes.

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        January 28, 2014 12:38 PM

        Their additional round of funding cost the employees their stake in the company. It's abandon ship time if I was working there.

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          January 28, 2014 2:49 PM

          Exactly. Pad your pockets, "launch" the game, and GTFO.

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      January 28, 2014 2:07 PM

      NOW we're gonna get those beta invites they promised us!! I can FEEL IT!

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        January 28, 2014 8:17 PM

        You know you know longer need a beta invite right?

        Also having taken a 5 month break from the game after having played for about 2 years, I look forward to the launch version of the game. The core mechanics of the game are truly fun, but they decided to focus on "e-sports" instead of actual game content. But they have been working on that and hopefully it pays off.

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          January 30, 2014 9:03 PM

          You just came into the middle of a long-running joke.

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      January 28, 2014 8:21 PM

      I understand why people would be skeptical of the company, but the game itself seems pretty fun. I don't see why the core gameplay couldn't lead to something successful, if players are willing to go back.