Ted Gill
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Subnautica 2 Sells Over 5 Million Copies, Krafton Wants to Make it a “Franchise IP”
Krafton has announced plans to develop Subnautica 2 into a franchise IP following its success, selling over 5 million copies across PC and Xbox Series X/S in 22 days. The company is focusing on quality and community trust for the Early Access title, while also addressing past legal disputes with the development studio Unknown Worlds Entertainment and its former leadership.
Krafton pledges to turn Subnautica into "franchise IP" after Subnautica 2 surpasses 5m sales in just 22 days
Krafton has announced its intention to develop the Subnautica series into a franchise IP following the success of Subnautica 2, which sold over 5 million units in its first 22 days of early access on Xbox Series X/S and PC. The company also addressed past legal disputes with Unknown Worlds developers, confirming a settlement that includes bonuses for staff.
Subnautica 2 is responsible for Krafton's 'record second quarter performance' despite the messy legal battle and accusations of sabotage
Krafton announced a record second quarter performance, driven by the success of Subnautica 2, which has sold 5 million copies. Despite a tumultuous development period involving legal battles and accusations of sabotage between Krafton and developer Unknown Worlds, the game's early access launch was successful. The company's revenue and operating profit reached their highest points for the second quarter, though net profit showed a deficit due to acquisition and earnout costs.
Subnautica 2 developers to receive bonuses as Krafton v. Unknown Worlds case concludes
The legal dispute between Krafton and Unknown Worlds has concluded, resulting in Subnautica 2 developers receiving $250 million in bonuses. Unknown Worlds CEO Ted Gill has stepped down as part of the settlement. The game's early access launch has been successful, selling 5 million copies in its first two weeks.
Xbox is reportedly considering dropping disc drives as it tests new feature that lets players digitize physical games
Xbox is reportedly exploring the possibility of removing disc drives from future consoles, similar to PlayStation's reported plans. Microsoft is testing a feature that would allow players to digitize their physical game collections for use on disc-less devices, though access may be revoked if the disc is shared or sold. This move could impact the playability of older Xbox titles.
Subnautica 2 legal battle ends with reinstated CEO stepping down, as Krafton and Unknown Worlds founders agree settlement
A legal dispute between Krafton and Unknown Worlds founders over Subnautica 2 has concluded with a settlement. As part of the agreement, Unknown Worlds CEO Ted Gill, who was reinstated by a judge, will voluntarily step down. The settlement ensures developers will receive significant bonuses, extending to more staff than originally planned.
Subnautica 2’s lawsuit spectacle ends with big payouts for devs and the departure of the CEO
Krafton and Unknown Worlds Entertainment have reached a settlement to end their legal disputes surrounding Subnautica 2, which includes a significantly larger payout to developers than originally planned. As part of the agreement, Unknown Worlds CEO Ted Gill will step down, though the company will continue to lead development of Subnautica 2 with Krafton's support.
Krafton to pay out bonuses to Unknown Worlds Entertainment, CEO Ted Gill resigns
Krafton has agreed to pay out bonuses to the staff of Unknown Worlds Entertainment, the studio behind Subnautica 2, following a legal settlement. CEO Ted Gill is also resigning from the company for the second time. The bonus was reportedly tied to the release and success of Subnautica 2, which launched in early access in May and sold 4 million copies in its first week.
Subnautica 2 studio Unknown Worlds' CEO resigns as Krafton agrees to pay $250m bonus
Krafton has settled a lawsuit with the former leadership of Subnautica 2 developer Unknown Worlds Entertainment, agreeing to pay a $250 million bonus to the studio's staff. As part of the settlement, CEO Ted Gill has resigned, stating new leadership is best for the studio's future. The dispute involved allegations of Krafton attempting to avoid paying bonuses tied to revenue targets for the game's 2025 Early Access release.
Krafton agrees to pay bonuses to Subnautica 2 devs following a year-long legal battle
Krafton Inc. has settled a year-long legal dispute with its subsidiary Unknown Worlds, agreeing to pay bonuses to all staff following the success of Subnautica 2. The settlement resolves accusations that Krafton attempted to avoid a $250 million payout triggered by sales targets. As part of the agreement, co-founder Ted Gill will depart the company, while Unknown Worlds will appoint new leadership from outside the existing companies.
Subnautica 2 Bonuses Confirmed; Unknown Worlds CEO Departing
Reports indicate that Ted Gill is departing Unknown Worlds Entertainment months after the conclusion of the Subnautica 2 Early Access release saga. The article also mentions bonuses confirmed for Subnautica 2.
Publisher Krafton finally agrees to pay bonuses to every Subnautica 2 staffer as Unknown Worlds CEO Ted Gill leaves again
Publisher Krafton has agreed to pay promised bonuses to all staffers at developer Unknown Worlds for Subnautica 2, following a legal dispute and the game's success. Unknown Worlds CEO Ted Gill is departing the company again, stating that new leadership is best for the studio's future. The agreement ensures all employees will receive payouts, with further incentives tied to the game's ongoing updates.
Krafton and Unknown Worlds founders settle Subnautica 2 legal dispute
Krafton and its subsidiary Unknown Worlds Entertainment, the developer of Subnautica 2, have reached a settlement to end a legal dispute. The agreement dismisses all pending proceedings, with Unknown Worlds continuing development on Subnautica 2 and Krafton providing support. The settlement includes bonuses for the Subnautica 2 staff, and a new CEO will be sought for Unknown Worlds.
Subnautica 2 devs win: Krafton will pay the whole team "significantly more" bonuses than previously planned, but the CEO is still leaving after a settlement
Publisher Krafton has reached a settlement with Unknown Worlds, the developers of Subnautica 2, agreeing to pay the entire team significantly larger bonuses than initially planned. This resolution follows a legal dispute where ousted executives accused Krafton of attempting to avoid bonus payments, while Krafton cited neglect of duties. Although the settlement is reached, CEO Ted Gill will be leaving Unknown Worlds.
Subnautica 2’s Legal Troubles End With Bonuses And CEO’s Exit
Krafton Inc. and Unknown Worlds Entertainment have reached a settlement to end legal disputes involving Subnautica 2's CEO Ted Gill. As part of the agreement, Gill has resigned, and the entire development team will receive bonuses in three annual installments, with further incentives tied to game updates. New leadership is being sought for the studio.
Subnautica 2 Studio CEO Departs Again as Krafton Caves to Paying Promised Bonuses
Unknown Worlds Entertainment's CEO Ted Gill is stepping down again following a resolution with parent company Krafton over promised bonuses. After a legal battle, Krafton will pay over $250 million in bonuses to employees of Unknown Worlds, stemming from the acquisition in 2001 and the success of Subnautica 2, which has sold over four million copies in early access. The studio is also preparing updates for the game, including new features and improvements based on player feedback.
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.
Subnautica 2's botched bonus deal is about to wipe out more than one-third of Krafton's $736 million annual…
Krafton is facing a significant bonus payout to Unknown Worlds principals Ted Gill, Max McGuire, and Charlie Cleveland due to the unexpectedly strong launch of Subnautica 2. The game's rapid sales have triggered a lucrative revenue-sharing deal that could cost Krafton over a third of its annual profits. This situation is linked to Krafton's previous attempts to terminate the principals, which were deemed legally questionable.
Subnautica 2 publisher Krafton now forced to pay $250m earnout to Unknown Worlds developers after more than 4m units sold
Krafton is required to pay Unknown Worlds $250 million in an earnout bonus for Subnautica 2, after the game sold over 4 million copies by May 20th, generating more than $100 million in revenue. This payment follows a legal ruling that reinstated Unknown Worlds CEO Ted Gill and honored the promised bonus tied to revenue targets.
Krafton have reportedly agreed to pay Subnautica 2's devs that $250 million bonus, following strong early sales
Krafton has reportedly agreed to pay Unknown Worlds developers up to a $250 million bonus following strong early sales of Subnautica 2. This resolves a significant dispute that led to legal action and the ousting of several Unknown Worlds executives. The bonus payout is tied to the game's performance since its early access launch.
