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PopReach Acquires "PAYDAY Crime War" Game Assets and Enters Licensing Agreement with Starbreeze
PopReach Acquires "PAYDAY Crime War" Game Assets and Enters Licensing Agreement with Star...
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[{"type":"text","content":"\n \n \n \n PopReach Acquires \"PAYDAY Crime War\" Game Assets and Enters Licensing Agreement with Starbreeze\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n PopReach to publish the mobile version of PAYDAY 2, a highly successful co-op first person shooter franchise, which has an installed base of over 28 million\n \n \n \n \n TORONTO\n \n ,\n \n April 14, 2021\n \n /CNW/ - PopReach Corporation (\"\n \n PopReach\n \n \" or the \"\n \n Company\n \n \") (TSXV: POPR) (OTCQX: POPRF), a free-to-play game publisher focused on acquiring and optimizing proven game franchises, today announced that it has signed an asset purchase agreement and licensing agreement with Starbreeze Studios AB (\"\n \n Starbreeze\n \n \") for the re-launch of mobile title PAYDAY Crime War. Under the terms of the asset purchase agreement, Starbreeze will receive a payment of\n \n US$250K\n \n in exchange for all rights and title to the existing PAYDAY Crime War source code and game assets. Concurrently, the parties have entered into a five year licensing agreement granting PopReach the right to publish PAYDAY Crime War worldwide, and access to assets from the PAYDAY 2 PC game for use in PAYDAY Crime War. PopReach will be responsible for completing development, marketing, live operations and user acquisition for PAYDAY Crime War, which it expects to soft launch in Q4 2021. Starbreeze will receive tiered royalties on net sales equivalent to its PC and console licensing deals, and retains all IP rights to the PAYDAY franchise.\n \n \n \n \n \n \n \n \n \n PAYDAY Crime War is a standalone first person shooter game that takes place in the PAYDAY universe. PAYDAY is one of the most successful game franchises in the world with an installed base of over 28 million games. PAYDAY 2, launched in 2013, has become the largest game community on Steam, the top digital distribution platform for PC gaming, and has over 7.1 million members as of\n \n March 2021\n \n . PAYDAY Crime War is based on a free-to-play business model and will have acc...