Last checked at 23 Jun 2022 11:39
23 June 2022
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams launching virtual cricket game in India on Jio network
Mobile Streams plc is delighted to announce that it will be launching a special customised version of the 11 Wickets cricket game in India on the country's largest phone network Jio. The game will be available across the Jio network within the next week to their 400 million subscribers including over 150 million smartphone users who will be able to access the game directly from the Jio Game store.
11 Wickets is a highly popular fantasy cricket game which features the Indian actor Sanjay Dutt in its promotion. MOS has been working closely with the game's publisher Ability Games and Jio for almost 7 months to create a customised version of the game with exclusive gameplay and features specifically for handsets across the Jio network and through its Game store.
11 Wickets is a virtual online game of cricket, where the user gets the opportunity to build a team of 11 players completely of their own choice. Users can easily create their own team and select a suitable captain and vice-captain for their fantasy league by selecting players from the line-ups provided in the real match.
According to a Ficci-EY report, the Indian fantasy sports industry is expected to reach $2.5 billion in 2022. The industry is growing at a compound annual growth rate (CAGR) of 32% and is expected to be worth $3.7 billion by 2024. The user base was around 90 million in 2019, according to a study by the Federation of Indian Fantasy Sports in collaboration with KPMG.
MOS will generate revenue on a revenue share basis via CPI (cost per impression) revenue that will be generated by Jio delivering advertising with the game. More information on the Jio Game store can be found at: www.jiogames.com/jiogames/aboutus.html.
Tim Scoffham, Chief Commercial Officer Mobile Streams plc, said:
"We are delighted to announce the launch of 11 wickets on the Jio network. After 7 months of collaboration between us, the network and the publisher we are extremely pleased to deliver a fantastic game and significant revenue generating opportunity into India's largest network. This is just the next step for the Company as we continue our expansion:
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Mobile Streams
Mobile Streams delivers world class gaming content to a global audience, through our LiveScores and mobilegaming.com platforms, our long-standing carrier relationships in countries including India, Argentina and Mexico, and partnerships with IGS (International Gaming Systems). Our Streams data insight, intelligence and visualisation services and marketing optimisation tools support the content business, as well as serving enterprise level bespoke clients and the Streams SaaS ("Software as a Service") self-service platform. Our strategy is to deliver next-generation content including gaming, Esports and related NFTs to a global audience.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Adviser
+44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams and Duncan Vasey
+44 (0) 20 7469 0930