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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
- EARNINGS AND TRADING: Distil loss widens; Genflow welcomes grant
12 Jun 2024 - Frontier Developments delivers 'strong' H2 performance
12 Jun 2024 - TRADING UPDATES: Light Science inks South Africa distribution deal
9 May 2024 - LONDON BROKER RATINGS: NatWest target raised, other lenders backed
9 May 2024 - Berenberg raises target price on Frontier Developments
8 May 2024 - LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral
8 May 2024 - Frontier Developments pleases with upbeat trading and lower costs
7 May 2024 - TRADING UPDATES: Ground Rents refinances; ECR Minerals loss narrows
2 Apr 2024
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