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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
- BROKER RATINGS SUMMARY: Liberum Puts Rating On Ashmore Under Review
16 Jan 2017 - Frontier Developments revenue rises as it rolls out second video game
16 Jan 2017 - Frontier Developments launches second self-published game
18 Nov 2016 - DIRECTOR DEALINGS: Frontier Developments Connected Person Buys Shares
15 Nov 2016 - Frontier Developments appoints new CFO
21 Oct 2016 - Frontier Developments posts drop in full-year earnings
8 Sep 2016 - Frontier Developments' revenues rise with new video games in the pipeline
6 Jul 2016 - Frontier Developments Revenue Down As Progresses Self-Publishing
6 Jul 2016
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