Business
Content and Licensing Update
Content and Licensing Update.
About this update from Huddled Group Plc
[{"type":"text","content":"\n \nRNS Number : 3400Z Immotion Group PLC 17 May 2019 \n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \nImmotion Group plc\n(\"Immotion Group\", the \"Company\")\n \nContent and Licensing Update\n \nImmotion Group, the UK-based immersive virtual reality (\"VR\") 'Out of Home' entertainment group, is pleased to announce the signing of a circa $500,000 VR and immersive content creation contract with global family entertainment specialist, iP2Entertainment, based in Amsterdam. \n \nImmotion Group is focused on establishing itself as a global leader in high quality VR content creation, including a number of proprietary experiences currently operating on its motion platforms, and now being licensed to third party platforms. \n \nThis new contract will see Immotion Group producing three exclusive VR and immersive experiences for IP2Entertainment. These experiences will be available for iP2Entertainment centres' visitors later this year and into 2020. All work is scheduled to be completed by November 2019.\n \nThis collaborative partnership will add significant benefit to both organisations, allowing Immotion Group to develop these experiences for iP2Entertainment and providing Immotion with access to them for non-competing uses.\n \niP2Entertainment is a renowned family entertainment company building immersive indoor family entertainment centres all around the globe for a number of world-famous brands, including National Geographic and DreamWorks to name but a few. iP2's mission is to immerse families into the worlds of the brands and characters they know and love through innovative, memorable, and exciting experiences designed to entertain as well as educate through play and fun.\n \nMartin Higginson, Group CEO, Immotion Group, commented:\n \n\"iP2Entertainment are well recognised as being one of the leading players in the 'out of home' immersive entertainment space. Having the opportunity to work with them in the creation of some cutting-edge VR experiences will not only deliver valuable revenue for t...