Red 5 Studios Gets $23 Million for Free-to-Play Shooter Firefall’s Release

Red 5 Studios has announced that it has successfully acquired $23 million in funds for PC game Firefall through a second investment round. Money will be used to gear up this free-to-play shooter for launch.

Funds were granted by Chinese company Shanghai Oriental Pearl Culture Development Co., Ltd., which receives a 20.01 percent shareholding minority for it. Previously, China’s The9 acquired the majority stake for Red 5 Studios in a previous investment round.

Current CEO of Red 5 Studios, James Macauley, had the following words to state on this event:

This additional round of funding will offer us the means to execute on our plan for successfully launching Firefall in 2014. This is the year Firefall takes flight. The entire Red 5 tribe is focused on creating top quality content that will take Firefall to the next level and we are excited for this next stage of development.

In the ramp-up to its release, Firefall will receive a new story campaign as well as new characters. Additionally, players will be able to take others on in huge army scales across the game’s expansive environments.

As a free-to-play shooter, Firefall looks and feels a little like Planetside 2 with its gigantic, futuristic scope, but mixed with fast elements from the likes of Tribes Ascend and perhaps the environmental progression of Defiance.

Players don’t just gun each other down; there are also fun jetpacks and gliders to add to the mobility of the game. All this takes place in verdant locations with exotic plant life, rocky plains and so on.

Red 5 Studios was founded by some ex-Blizzard developers. Since Firefall is in Open Beta since longer than we can remember, you can already jump in and play it today.