Club Penguin Missed Multi-Million Dollar Earnout In 2008

Disney-owned virtual world Club Penguin fell short of earnings targets for 2008, meaning the three founders of the company will miss out on half of a $350 million earnout.

But founders Lane Merrifield, Dave Krysko and Lance Priebe will wipe away their tears with the $350 million that Disney had already agreed to paid upfront when it bought kid-friendly Club Penguin in August 2007.

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