All the sessions from Transform 2021 are available on-demand now. Watch now.


What is going on at Red 5 Studios?

Reports on Monday indicated that the developer behind the PC massively multiplayer online shooter Firefall failed to meet its employee payroll on Christmas day. However, Red 5 now tells GamesBeat that this is untrue.

“Red 5 Studios, Inc has paid all employees in full,” Red 5 told GamesBeat. “Recent rumors of Red 5 Studios’ financial situation are not accurate.”

If true, one has to wonder why Red 5 took so long to disclaim these reports, including one from Kotaku. That story from Kotaku was updated today to note that employees were paid today. While that’s good for them, it doesn’t make previous reports that payroll wasn’t met on time inaccurate, as Red 5 claims. It does explain why it waited until today to contact us.

Webinar

Three top investment pros open up about what it takes to get your video game funded.

Watch On Demand

Former Blizzard employees, many of which worked on the massively multiplayer online role-playing game World of Warcraft, started Red 5 in 2005. Firefall launched in 2014, and Red 5 tells GamesBeat that it is working on major content updates and a Chinese open beta for the game.

GamesBeat

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and "open office" events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties
Become a member