Last week, Crackdown creator Realtime Worlds officially announced that it had secured $50 million in funding for the "continued growth and expansion as the company develops new creative properties and brings innovative online gaming experiences to market." A specific use for that cash has emerged today, as the Dundee, Scotland-based developer said that it has repurchased the distribution rights to its urban-warfare massively multiplayer online game APB from Webzen.
While terms of the deal were not disclosed, a recent Securities and Exchange Commission filing sheds some light on the particulars. Under the original deal, Webzen, which signed on to distribute APB in February 2005, was to pay out to Realtime Worlds 10 percent of all online revenues and 20 percent of all retail revenues for a period of five years after the launch of the game in exchange for funding development time on APB. With the change in contract, Realtime Worlds will now be paying Webzen 15 percent of all net receipts for three years following APB's commercial release, and the former distributor of the game will "retrieve some of the development cost at the first year."
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