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Frontier Developments Inks IP Licence Deal For Game Development
LONDON (Alliance News) - Video game developer Frontier Developments PLC on Wednesday said it signed a "major" global IP licence to develop and publish a game.
The company said it expects the game development cycle to take around two years, which it targets to start later in 2019.
The licence agreement entitles Frontier to develop and publish the unnamed game, together with subsequent associated paid downloadable content, on both PC and console.
"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," Chief Executive Officer David Braben said.
Frontier Developments shares were trading up 2.3% at 968.00 pence each on Wednesday.
Latest FDEV News
- LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore
22 Nov 2023 - UK shareholder meetings calendar - next 7 days
25 Oct 2023 - Frontier Developments shares jump as review aims to cut costs
17 Oct 2023 - LONDON BROKER RATINGS: JPMorgan ups Rio Tinto; Redburn likes Carnival
14 Sep 2023 - EARNINGS: Frontier Developments turns to loss; Poolbeg optimistic
13 Sep 2023 - LONDON BROKER RATINGS: HSBC cuts Glencore; Berenberg likes Tyman
26 Jul 2023 - Frontier Developments guides revenue fall; to focus on internal titles
14 Jun 2023 - LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17
31 Jan 2023
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(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
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(Alliance News) - Frontier Developments PLC shares rose on Tuesday after it backed its outlook and said it will cut jobs to reduce operating costs.
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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
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