The9 Approves Share Incentive Plan
TechWeb, 8/31/10
Chinese gaming operator The9 (Nasdaq: NCTY) recently passed a motion to sell company shares to employees at the August 24, 2010 price of USD 5.13 per share; the plan is set to be implemented in August 2011, with purchasing opportunities every quarter over a three-year period. The new plan currently covers all employees with specialized company roles.
In addition to the 2.5D fantasy game Shenxian Zhuan, The9 will also release a 2.5D game developed using the Gamebryo engine by The9's Shenzhen studio. The apocalypse-themed game is set for an H2 2010 release. The company has also begun work on two more projects, and Red 5 Studios, the US-based game developer in which The9 holds a majority interest, will release its FPS Firefall in North America at the end of this year or the start of 2011.
A rumor inside The9 claims that the company is considering spinning off its Miracles: Ultimate X (MUX) MMORPG for independent operation; besides this, The9 will not seek to hold controlling shares in any development teams it may invest in.
Keywords: online gaming game engine Firefall MUX overseas FPS The9 2.5D game Internet North America MMORPG NCTY Red 5 Studios HR Shen Xian Zhuan game developer
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