Santa Brings Red 5 $18.5 Mil

December 12th, 2006 . by Josh

Benchmark Capital and Sierra Ventures have given independent studio Red 5 $18.5 mil for "further expansion in the online game space". As the original article states Red 5 is a studio formed from original members of Blizzard's World of Warcraft development team.

Word has it Red 5 and now partner company Webzen will be developing a future mmorpg together. Is this some possible competition for World of Warcraft? Doubtful, but who knows.

[Source: Gamasutra,]

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