South Korea's online game developer Webzen Inc. is likely to take $11.6 million
in royalties from China in 2012 as its new game launches there next month,
company officials said Thursday.
Webzen, an affiliate of NHN Corp.,
South Korea's largest Internet portal, signed an agreement earlier with China's
Tencent Holdings to have its multiplayer online role play game "C9" officially
released by the Chinese Internet company in April, the Webzen officials
said.
A multiplayer online game is a game played on the Internet
simultaneously by ten or so people in a virtual world. The players can cooperate
or compete with each other within the world.
The officials expect C9
will be able to garner a total of 2-3 million users in China this
year.
Under the agreement with Tencent, Webzen is entitled to 25
percent of the revenues made from the Chinese operation of C9 as a
royalty.
The royalty revenue will rise to about $17.9 million in 2013,
the officials said.
The launch of the new game is expected to help
boost Webzen's business in the world's largest online gaming market.
The South Korean game developer was acquired in 2008 by NHN Games, a gaming unit
of NHN.
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