Escape Hunt PLC Digital licensing partnership
23 September 2020 - 4:00PM
RNS Non-Regulatory
TIDMESC
Escape Hunt PLC
23 September 2020
23 September 2020
Escape Hunt plc (AIM: ESC)
("Escape Hunt" or the "Company")
Digital licensing partnership
Escape Hunt, a global leader in the growing escape rooms sector,
is pleased to announce that it has signed a licensing agreement
with a software provider, which gives the Company full access to a
digital platform on which it can develop remote multi-player games
including escape games, scavenger hunts and team-building
puzzle-solving games to enhance its existing proposition.
During lockdown, Escape Hunt accelerated its strategy to create
games that are not constrained by the need for a physical location.
The Company began developing downloadable Print & Play games
enabling customers to enjoy the excitement of escape games at home.
This initiative proved popular and has since been picked up by
Netflix, culminating in the announcement on 18 September 2020 of
the agreement for Escape Hunt to produce a Print & Play game
based on the Netflix Original Movie, Enola Holmes(c) .
The Print & Play proposition was followed by a solution
which enables remote play of existing physical escape rooms. This
has enabled Escape Hunt to make use of spare capacity within its
network whilst customer demand rebuilds and has also made the
physical locations accessible to a wider audience.
The announcement today represents a further important step in
the development of the Company's digital and remote play
propositions. The platform affords Escape Hunt the ability to
create and offer curated games to large, multi-site audiences
building the Company's capability to service larger opportunities,
such as the corporate and education markets. The platform will be
launched initially with a new game, 'Hackathon'.
Commenting, Richard Harpham, Escape Hunt's CEO, said:
"This licensing agreement gives us access to a number of
existing games and more importantly, we have the ability to create
our own games which will be delivered digitally. The platform
enables us to run games from small teams up to large groups of
several hundred participants operating from multiple locations. We
are already seeing interest from a number of corporates who are
looking for team-building activities which can unite employees who
have been working from home or remotely with travel restrictions.
The platform is an important step in building our 'Escape Hunt for
Business' and 'Escape Hunt for Education' offerings, enhancing our
digital capability and also in creating games which are truly
scalable."
Enquiries
Escape Hunt plc
Richard Harpham (Chief Executive Officer)
Graham Bird (Chief Financial Officer) +44 (0) 20 7846
Kam Bansil (Investor Relations) 3322
Shore Capital - NOMAD and Joint Broker
Tom Griffiths, David Coaten (Corporate Advisory) +44 (0) 20 7408
Fiona Conroy (Corporate Broking) 4050
Zeus Capital - Joint Broker
John Goold +44 (0) 20 3829
Daniel Harris 5000
IFC Advisory - Financial PR
Graham Herring +44 (0) 20 3934
Florence Chandler 6630
Notes to Editors
About Escape Hunt plc
The Escape Hunt Group is a global leader in providing
escape-the-room experiences delivered through a network of
owner-operated sites in the UK, an international network of
franchised outlets in five continents, and through digitally
delivered games which can be played remotely. Its products enjoy
consistent premium customer ratings and cater for leisure or
teambuilding, in small groups or large, and are suitable for
consumers, businesses and other organisations. Having been
re-admitted to AIM in May 2017, the Company has a strategy of
creating high quality premium games and experiences delivered
through multiple formats and which can incorporate branded IP
content. (https://escapehunt.com/)
Facebook: EscapeHuntUK
Twitter: @EscapeHuntUK
Instagram: @escapehuntuk
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