The Dramatic Half-Life Deal That Altered The Fate Of Valve Forever
One of Valve's most popular games, 1998's Half-Life, could have been the one and only game the company ever released, until a deal was struck that changed the company's fate forever. Monica Harrington, Valve's first chief marketing officer, said at the Game Developers Conference that publisher Sierra had the option for two more games, and after the first Half-Life became a gigantic success, Valve attempted to renegotiate with Sierra.
The terms of the deal, Harrington said, was that Valve would fund all but $1 million of the development costs of Half-Life's sequels, with Sierra retaining IP rights and giving Valve back 15% of revenue. "It felt insane," Harrington said, as reported by GamesRadar.
Harrington said that if she and her husband Mike Harrington were to make real money out of being co-owners of Valve at the time, she knew Valve's prospects had to be "much, much brighter," and that included renegotiating with Sierra.
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