informa
1 MIN READ
News

Firefall parent company sees profits rise with shift toward in-house development

Chinese game developer The9 has announced its financial results for the second half of its 2011 fiscal year, noting that profits rose as it refocused its efforts on internal game development.
Chinese game developer The9 has announced its financial results for the second half of its 2011 fiscal year, noting that profits rose as it refocused its efforts on internal game development. For the second half of the fiscal year ended December 31, 2011, The9 saw net revenues of RMB 55.1 million ($8.7 million), which remained largely flat year over year, as the company saw an increase in revenue from its overseas licenses and its TV game platform, offset by a decrease in revenue from its existing MMOs. Gross profits for the second half of 2011, meanwhile, increased dramatically year over year from RMB 2.4 million ($381,000) to RMB 26.9 million ($4.2 million) , thanks to the fact that The9 developed more of its games in-house, and thus did not have to pay additional royalties. "In 2011, we are still undergoing the strategic transition from a domestic online game operator to an international online game developer and operator with diversified platforms," added The9 chairman and CEO Jun Zhu. "In the second half of 2011, we further strengthened our MMORPG and web and social game pipeline by following our strategy of focusing on games with the highest quality," he said. Currently, The9 is working to expand to the West with titles like Red 5's MMO shooter Firefall. The company acquired Red 5 in 2010, and the upcoming game will mark its biggest release outside of Asia. The9 also operates games including Soul of The Ultimate Nation, FIFA Online 2, Atlantica and Kingdom Heroes 2 Online in China.

Latest Jobs

Xbox Game Studios

Redmond, Washington
10.5.22
Technical Lighting Artist

Innogames

Hamburg, Germany
10.5.22
Game Designer - Elvenar

Bandai Namco Mobile

Barcelona, Spain
10.5.22
Principal 3D Animator

Cryptic Studios

Los Gatos, California
10.5.22
Staff Core Software Engineer
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more