Maria Park
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Gardens Interactive, founded by veterans behind Journey and Sky: Children of the Light, raise over $35m in Series B funding round
Gardens Interactive, a studio co-founded by veterans behind Journey and Sky: Children of the Light, has secured over $35 million in a Series B funding round led by Lightspeed Venture Partners. This brings the company's total investment to over $70 million, with participation from several other venture capital firms and individual investors. The funds will support the development and ongoing evolution of their debut multiplayer game, Project Gardens, which focuses on social roleplay and player-driven worldbuilding.
Subnautica 2’s Success Will Reportedly Force Krafton to Pay $250 Million Bonus
Krafton is reportedly set to pay Unknown Worlds a $250 million bonus due to the successful Early Access launch of Subnautica 2, fulfilling an agreement from Krafton's 2021 acquisition of the studio. The bonus was part of a performance-based deal that led to legal disputes between the companies over leadership and alleged attempts by Krafton's CEO to avoid payment. The lawsuit has since been settled, and Subnautica 2 is available in Early Access on PC and Xbox Series X/S.
Krafton loses lawsuit, is ordered to reinstate ousted Unknown Worlds CEO
Delaware Vice Chancellor Lori Will ruled in favor of ousted Unknown Worlds executives Charlie Cleveland, Max McGuire, and Ted Gill, ordering Krafton to reinstate Ted Gill as CEO. The court found that Krafton deliberately schemed to oust the trio to avoid a $250 million payout related to Subnautica 2's release. Krafton stated it respectfully disagrees with the ruling and is evaluating its options.
