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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
- UK MIDDAY BRIEFING: Barclays Leads FTSE 100 After Unexpected Profit Rise
30 Jul 2014 - Frontier Developments Releases First Phase Beta For Elite:Dangerous
30 Jul 2014 - UK WINNERS & LOSERS: Barclays Beat Sends Banks Higher
30 Jul 2014 - Daily Mail General Trust's Chairman sells £15.91m-worth of shares
4 Jul 2014 - DIRECTOR DEALINGS: Frontier Developments Chairman, CEO Buy Shares
4 Jul 2014 - Frontier Developments warns on lower revenues as shifts to new model
19 Jun 2014 - Amati VCT 2 Outperforms AIM All-Share With 4.1% Net Asset Value Rise
19 Jun 2014 - Frontier Developments Investment In 'Elite' Hits Revenues, Earnings
19 Jun 2014
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