For the past few months, I have been posting about the saga between Red 5 Studios and Korean MMO company Webzen over the publishing rights for Firefall. Today, Webzen finally admitted that the company has ran into serious financial problems due to lack of funds and is going through heavy restructuring. The company hence does not have the ability to publish and market Firefall.
However, Webzen insisted that as the company poured much development funds for Red 5 Studios, Firefall’s publishing rights will be decided by Webzen on which other company to obtain it. Webzen also confirmed that it is looking to let other companies publish their games in Korea rather than doing it themselves. A Webzen spokesperson added that they will not entertain the idea of passing Firefall’s publishing rights to Red 5 Studios Korea. Earlier, Webzen has already canceled the development of MU Online 2 and focused on SUN Online 2 instead due to financial hiccups. Please note that Firefall for North America and Europe remains unaffected.