K2 Network Explained

K2 Network, Inc. was an American producer and publisher of video games based in Irvine, California.It pioneered the use of the free-to-play (or "freemium") business model among North American and European MMO game publishers in 2004.[1] [2]

On July 5, 2012, the company merged with Reloaded Games,[3] and the merged entity ceased its K2 Network branded operations.

History

K2 Network was founded in 2001 on the belief that "the community experience of Massively Multiplayer Online Games (MMOG’s) will become one of the most significant forms of entertainment in the 21st century."[4] The company initially licensed games created by Korean development studios, and localized and serviced those games in North America, South America and Europe via its portal GamersFirst.com. In 2007, the company raised $16m USD in a Series-B financing round led by Intel Capital.[5]

Licensed MMOs

K2 Network's licensed titles included Knight Online World for which it acquired the Western territory rights in 2003 and began publishing operations in 2004,[6] ceasing operations in May 2012.[7] The game grew quickly to more than 40,000 concurrent players[8] and proved especially popular in Turkey where K2 Network monetized the game using its network of ESN code resellers.[9] K2 Network also licensed and published MU Online,[10] War Rock and Sword 2.[11]

Creation of Studio Subsidiary Reloaded Productions

In November 2010, K2 Network's subsidiary Reloaded Productions purchased the rights to from Realtime Worlds during the latter company's administration proceedings [12] for a fraction of the game's original 60 million GBP development cost,[13] aiming to convert the game from a traditional subscription based business model as designed by Realtime Worlds, to a game called using the company's free-to-play model. In June 2011, Reloaded Productions acquired Fallen Earth from Icarus Studios planning to repeat the subscription-to-freemium business model conversion.[14]

On March 16, 2015, Reloaded Productions purchased the rights to Hawken.[15]

Notes and References

  1. Revolutionary free2play with Unlimited Playing Time . K2 Network . December 6, 2004 .
  2. Web site: FREE2PLAY Trademark of Reloaded Games, Inc. Serial Number: 78779650 :: Trademarkia Trademarks.
  3. News: Free-to-play pioneer K2 Network merges with Reloaded Games . Dan Crawley . July 5, 2012 . VentureBeat . September 2, 2017 . September 2, 2023 . https://web.archive.org/web/20230902150642/https://venturebeat.com/games/k2-network-merges-with-reloaded-games-exclusive-interview/ . live .
  4. Web site: Little Orbit – A worldwide video game publisher. 2012-06-12. 2023-09-02. https://web.archive.org/web/20230902150536/https://www.littleorbit.com/. live.
  5. News: K2 Network secures $16 million, led by Intel Capital . Mark Androvich . June 18, 2007 . GamesIndustry.Biz . July 6, 2012 . September 2, 2023 . https://web.archive.org/web/20230902150537/https://www.gamesindustry.biz/k2-network-secures-16-million . live .
  6. Web site: Knight Online | Ten Ton Hammer . 2012-07-06 . https://web.archive.org/web/20121031053642/http://www.tentonhammer.com/taxonomy/term/285 . 2012-10-31 . dead .
  7. Web site: Join the Snoxd Discord Server!. 2012-07-06. 2012-07-18. https://web.archive.org/web/20120718085225/http://www.snoxd.net/index.php/topic/4677-k2-settled-an-agreement-outside-court-with-mgame. live.
  8. Knight Online the Most Popular MMORPG on Download.com . K2 Network . October 27, 2005 .
  9. Web site: Online games in Turkey . 2012-07-06 . https://web.archive.org/web/20120621080408/http://www.icopartners.com/blog/archives/1044 . 2012-06-21 . dead .
  10. K2 Network and WebZen reach license agreement for MU ONLINE . WebZen . December 1, 2005 .
  11. Rock the House with GamersFirst at E3 . K2 Network . June 14, 2010 .
  12. News: Realtime Worlds Lays Off Final Staff In Dundee and U.S. Offices . Tom Curtis . September 17, 2010 . Gamasutra . July 6, 2012 . May 11, 2012 . https://web.archive.org/web/20120511164459/http://www.gamasutra.com/view/news/30492/Realtime_Worlds_Lays_Off_Final_Staff_In_Dundee_and_US_Offices.php . live .
  13. News: April 21, 2011 . 60m GBP Video Game Sold Off for 780 000 GBP . live . https://web.archive.org/web/20230902150539/https://www.scotsman.com/news/recognition-for-arctic-convoy-vet-1596238 . September 2, 2023 . July 6, 2012 . Scotsman.
  14. News: GamersFirst announces acquisition of Fallen Earth with new F2P business model . Shawn Schuster . June 15, 2011 . Massively . July 6, 2012 . https://web.archive.org/web/20110618023632/http://massively.joystiq.com/2011/06/15/gamersfirst-announces-acquisition-of-fallen-earth-with-new-f2p-b/ . June 18, 2011 . dead .
  15. Web site: People behind APB Reloaded buy Hawken. Wesley Yin-Poole. Eurogamer. 2015-03-16. 2015-03-16. 2015-03-18. https://web.archive.org/web/20150318031610/http://www.eurogamer.net/articles/2015-03-16-people-behind-apb-reloaded-buy-hawken. live.

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