Ouya Debts To Be Paid Off By Razer

Very good news for independent gaming studios, as Razer have announced that their takeover of Ouya means that they will honour the money which Ouya owed to developers.

The figure which is estimated to be over $600,000 has been signed off by Razer and will strike good news to gaming studios and possibly for the future of Ouya.

Below is the statement released by Razer regarding the agreement.

“Razer plans to back the new Ouya to fulfil an estimated $620,000 fund established for FtG developers who had signed FtG agreements with the original Ouya and who fulfil their FtG agreement milestones and related commitments on Kickstarter.

“Financial terms will remain largely the same with one notable exception. Advances under the FtG agreements demanded commercial exclusivity to the Ouya platform.

Under the proposed new agreements, Razer and Ouya publishing will forgo exclusivity in favour of developers providing an equitable amount of their FtG-funded titles to gamers for free on the Cortex TV platform.”