Frontier Developments PLC Publishing Partnership Agreement (8110B)
11 June 2019 - 6:30PM
UK Regulatory
TIDMFDEV
RNS Number : 8110B
Frontier Developments PLC
11 June 2019
11 June 2019
Frontier Developments plc
Publishing partnership agreement with Haemimont Games
Surviving Mars and Tropico developer first signee to Frontier
Publishing
Frontier Developments plc (AIM: FDEV, "Frontier", the
"Company"), a leading developer and publisher of videogames based
in Cambridge, is pleased to announce a publishing partnership with
experienced developer Haemimont Games (the "Agreement").
As referenced in the Company's 2018 annual results, external
partnerships (including third party publishing agreements where
Frontier brings other developers' games to market) are expected to
form an important element within the Company's plans as it
continues to grow its portfolio. The Agreement marks the first
publishing partnership under Frontier's new Frontier Publishing
initiative.
Haemimont Games ("Haemimont"), founded in 1997 in Bulgaria,
boasts a passionate team of over 60 highly skilled people and a
wealth of experience in the strategy and management game genres,
developing the hit title Surviving Mars and titles in the Tropico
series. The partnership will see Frontier and Haemimont work
together on a new project for release in two to three years' time,
with Frontier providing the development funding as well as
marketing and distribution.
This deal is strategic and the first step to growing Frontier's
publishing business with third party titles. The Board expects the
publishing business to become a material contributor to the group
in years to come, as more partnerships are agreed.
Frontier CEO David Braben said: "This is a strong start for
Frontier Publishing - we're delighted to partner with a studio of
the quality of Haemimont. Our Frontier Publishing initiative helps
us to further expand our game portfolio through external
development partnerships that supplement our own internal
development roadmap. We are in discussions with other developers
and hope to be able to announce further publishing partnerships in
the future."
Gabriel Dobrev, CEO at Haemimont Games said: "Partnering with
Frontier, who have a long history with great, innovative titles, is
the perfect fit for us at Haemimont Games. We're proud to be the
first partner for Frontier Publishing and can't wait to reveal
details on our brand new project in the future."
Frontier CCO Jonny Watts said: "Haemimont has a great reputation
within the industry and we're excited to start this working
relationship. From the beginning of discussions it was clear both
companies have a strong passion for the management and strategy
genre that makes this an ideal match."
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 394 300
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) 207 220 0500
Matt Goode / Giles Rolls / Alice Lane
Tulchan Communications +44 (0) 207 353 4200
Matt Low
About Frontier
Frontier is a leading developer and publisher of videogame
franchises founded in 1994 by David Braben, co-author of the iconic
Elite game. Based in Cambridge, Frontier uses its proprietary
'COBRA' game development technology to create innovative games,
currently focusing on videogame consoles and personal
computers.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
www.frontier.co.uk
About Haemimont Games
Haemimont Games is an independent game development team brought
together by a common passion: to thrill, engage and provoke gamers
worldwide.
Using its own proprietary technology, the studio has developed a
number of games including entries in the Tropico series, Victor
Vran and Surviving Mars.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGREAPKFFAXNEEF
(END) Dow Jones Newswires
June 11, 2019 04:30 ET (08:30 GMT)
Frontier Developments (LSE:FDEV)
Historical Stock Chart
From Apr 2024 to May 2024
Frontier Developments (LSE:FDEV)
Historical Stock Chart
From May 2023 to May 2024