Last checked at 6 Mar 2019 07:00
Frontier Developments plc
Game franchise update
Frontier signs a major global IP licence
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company"), a leading developer and publisher of video games based in Cambridge, confirms that it has signed a major global IP licence to develop and publish a future game (the "Game"). Frontier anticipates a development cycle for the Game of approximately two years, with development expected to commence later in calendar year 2019.
The licence agreement entitles Frontier to develop and publish the Game, together with subsequent associated paid downloadable content, worldwide on both PC and console.
Frontier's first self-published licenced title, Jurassic World Evolution, released in June 2018 on PC, PlayStation 4 and Xbox One alongside the theatrical release of Jurassic World: Fallen Kingdom. Jurassic World Evolution is Frontier's biggest launch to date, achieving 1 million base game unit sales in five weeks and 2 million base game units in seven months.
David Braben, Chief Executive, said:
"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."
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Alex Bevis.
Enquiries:
Frontier Developments +44 (0)1223 394300
David Braben, CEO / Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
finnCap - Joint Broker +44 (0) 20 7220 0500
Matt Goode / Giles Rolls / Alice Lane
Tulchan Communications +44 (0) 20 7353 4200
Matt Low / Deborah Roney
About Frontier Developments plc
Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent creator of self-published video game franchises founded in 1994 by David Braben, co-author of the seminal Elite game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games, currently focusing on video game consoles and personal computers.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
www.frontier.co.uk