The online game developer and operator, The9 Limited, announced that its joint venture Oriental Shiny Star Limited has entered into a license agreement with Smilegate Entertainment, Inc., a leading Korean game developer, for publishing and operating Cross Fire 2 on an exclusive basis for a five-year term in mainland China.
In consideration for the exclusive license, Oriental Shiny Star Limited will make an upfront payment of US$50 million and additional payments totaling US$450 million based on certain development and operation milestones, as well as royalty payments based on future sales.
Cross Fire 2 is the sequel of Cross Fire, a blockbuster first-person-shooter PC online game in China. Both Cross Fire and Cross Fire 2 are developed by Smilegate Entertainment, Inc.. Cross Fire 2 is being developed using new game engine. Other than the traditional PVP game mode like Cross Fire, Cross Fire 2 also provides PVE game mode to offer enhanced game experience to players.
Majority of Oriental Shiny Star Limited’s equity is owned by System Link Corporation Limited. System Link is a 50-50 joint venture formed by The9 and Qihoo 360 Technology Co., Ltd., a leading Internet company in China. Through its PRC consolidated subsidiaries, System Link will operate Firefall in China.
Source: The9 Limited