Business
Formula 1® Licence & additional publishing deals
Formula 1® Licence & additional publishing deals.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n \n \n RNS Number : 5055F\n Frontier Developments PLC\n 10 March 2020\n \n \n \n Frontier Developments plc\n Frontier signs a multi-year game licence with Formula 1® and two more third party publishing deals\n \n \n · \n Multi-year exclusive rights to develop and publish F1 management games for PC and console platforms\n \n \n · \n Four F1 games with the first launch for the 2022 F1 season\n \n \n · \n Releases will be worldwide and on multiple platforms\n \n \n · \n Frontier Publishing signs fourth and fifth partnership deals\n \n \n · \n Frontier's outlook for FY22 and beyond further strengthened \n \n \n Formula 1®\n \n Frontier Developments plc \n (AIM: FDEV, \"Frontier\", the \"Company\")\n , a leading developer and publisher of videogames based in Cambridge, announces a multi-year exclusive licence (the \"Licence\") with Formula One Management (\"FOM\") to develop and publish management games annually for the FIA FORMULA ONE WORLD CHAMPIONSHIP (\"F1\"), the world's most prestigious motor racing competition.\n Under the terms of the Licence, Frontier has exclusive rights to develop and publish F1 management games worldwide for PC and console platforms, together with the rights for streaming services, with the first game expected to release for the 2022 F1 season. The Licence provides Frontier with the rights for four F1 seasons (2022 to 2025 inclusive), subject to the achievement of certain financial performance thresholds.\n \n Frontier has extensive experience of developing deeply engaging, high-fidelity simulation games which also achieve widespread global adoption. The partnership with F1 creates an exciting opportunity to bring together Frontier's experience and capability, including its powerful and versatile Cobra game engine, to the management-rich environment of the globally popular and ever-changing world of F1.\n \n \n Following the signing of the F1 Licence and the IP licence previously announced in March 2019, Frontier can now confirm that both of the major new internally developed releases in the financial year ending 31 May 2022 (\"FY22\") will benefit from major global IP licences and both will be released on multiple platforms. \n The addition of a multi-year, multi-platform sports management licence is a strategic milestone for Frontier, which is expected to provide signific...