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  • Red 5 Studios raise $18.5 million in venture capital
    December 18 2006
    -Red 5 Studios, an online video-game developer raised $18.5 million in venture capital, from Benchmark Capital and Sierra Ventures. Red 5 Studios was founded in 2005 by key members behind Blizzard Entertainment's World of Warcraft, including Team Lead Mark Kern, Art Director William Petras, and co-founder of Blizzard Korea Taewon Yun.
    -Webzen obtained the worldwide pusblishing rights for an MMORPG, T-Project(tentative name) on February 28, 2005, and is anticipating to ba a blockbuster game.

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