The9 Limited Announces the Joint Venture with Qihoo 360 Obtained the Publishing and Operating License of Firefall in China
SHANGHAI, Aug. 29, 2014 -- The9 Limited (NCTY) ("The9"), an online game developer and operator, announced that Red 5 Singapore Pte. Ltd. ("Red 5 Singapore"), a subsidiary of The9, has entered into a license agreement with System Link Limited for publishing and operating Firefall® for a five-year term in mainland China. Under this license agreement, System Link Limited will pay to Red 5 Singapore at least US$160 million including license fee and royalties during the contract period. Firefall® is a MMO shooter game developed by Red 5 Studios, Inc., a subsidiary of The9. System Link Limited is a joint venture formed by The9 and Qihoo 360 Technology Co., Ltd.
- Published: 29 August 2014
- Written by Editor