Frontier Dev Share News (FDEV)

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.