Business
IP Licence Agreement
IP Licence Agreement.
About this update from Frontier Developments Plc
[{"type":"text","content":"\n \nRNS Number : 9495R Frontier Developments PLC 06 March 2019 \n\nFrontier Developments plc\nGame franchise update\nFrontier signs a major global IP licence\nFrontier Developments plc (AIM: FDEV, \"Frontier\", the \"Company\"), a leading developer and publisher of video games based in Cambridge, confirms that it has signed a major global IP licence to develop and publish a future game (the \"Game\"). Frontier anticipates a development cycle for the Game of approximately two years, with development expected to commence later in calendar year 2019.\nThe licence agreement entitles Frontier to develop and publish the Game, together with subsequent associated paid downloadable content, worldwide on both PC and console.\nFrontier's first self-published licenced title, Jurassic World Evolution, released in June 2018 on PC, PlayStation 4 and Xbox One alongside the theatrical release of Jurassic World: Fallen Kingdom. Jurassic World Evolution is Frontier's biggest launch to date, achieving 1 million base game unit sales in five weeks and 2 million base game units in seven months.\nDavid Braben, Chief Executive, said:\n\"We are delighted to confirm that one of our future releases will benefit from a major global IP licence. We are excited about our existing franchises and our future portfolio. We will continue to love, support and enhance our existing game franchises as we build new ones.\"\n \nThis announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Alex Bevis.\nEnquiries:\n \nFrontier Developments +44 (0)1223 394300\nDavid Braben, CEO / Alex Bevis, CFO\n \nLiberum - Nomad and Joint Broker &...