After several months of legal conflict between
Firefall developer Red 5 and Korean firm Webzen, the two companies have entered into a settlement agreement, and have withdrawn all pending legal claims against each other.
Under this settlement, Webzen will no longer be involved in
Firefall's marketing and publishing, and will receive compensation for the money it had invested in the project, as well as a share of the game's revenue for a limited period of time.
Previously, Webzen was set to publish and operate the upcoming
Firefall in Asia, but Red 5
sought to end the deal in June, saying that Webzen was not marketing the game as contractually agreed upon.
Weeks later, Webzen responded by
suing Red 5 for allegedly breaching its contract.
In the wake of this recent settlement, Red 5 CEO Mark Kern 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."
