TIDMMOS
RNS Number : 2068A
Mobile Streams plc
22 September 2022
22 September 2022
Mobile Streams plc
("MOS" or "the Company")
Mobile Streams signs NFT contract with Atlante Football club
Mobile Streams plc, the AIM quoted mobile content and data
intelligence company, is proud to announce it has signed a 5-year
contract to be the exclusive provider of all NFT products for
Atlante Football club ("Atlante").
Atlante is a Mexican football club based in Mexico City. Known
as El Equipo del Pueblo, "the People's Team" it has one of the
largest long term fan bases in Mexico. Founded in 1918, Atlante
were original members of the Mexican professional league when it
began in 1943. The club has won three national league
championships. They are also three-time winners of the Copa México
, and twice winners of the CONCACAF Champions' Cup / CONCACAF
Champions League . They play in Mexico's second division, where
they currently sit second, however their new owners are making
significant investments with the aim of returning Atlante to the
topflight as soon as possible.
This announcement, added to the recently announced Pumas and
Mexican National team deals, makes MOS one of the largest providers
of licensed NFTs in the territory and marks another milestone as
the Company grows its Heroes NFT brand (
https://www.mobilestreams.com/heronfts) . The Company is actively
engaged in securing further NFT deals and announcements on these
will be made when appropriate.
Streams Data, a wholly owned subsidiary of the Company, and
Atlante Football club have entered into a Licence Agreement whereby
MOS has been granted the 5-year, global exclusive right to use the
Atlante commercial and intellectual property for the purpose of the
production, promotion and commercialisation of NFT products (the
"Agreement").
Under the terms of the Agreement, the parties have agreed a
target revenue figure over the 5 years of the contract of which
MOS's share is approximately USD 3.7 million. This net figure,
which is a target agreed between MOS and Atlante and not a forecast
or guidance as to what will actually be achieved, is the estimated
revenue MOS will receive after any revenue-share payments have been
made. Revenue from the NFTs will come from both the sale price of
the NFT and a royalty generated from them each time they are traded
in perpetuity, these royalties are typically 5-10% of the sale
price.
Non-Fungible Tokens ("NFTs") are digital data stored in a
blockchain, a form of distributed ledger. The ownership of an NFT
is recorded in the blockchain, and can be transferred by the owner,
allowing NFTs to be sold and traded. In effect the Company's
products are digital merchandise. An example would be a sports
trading card - NFTs produced under this contract are one-of-a-kind
trading cards. If you traded it for a different card, you'd have
something completely different.
The global NFT market is expected to reach $122 billion in size
by 2028, with more than $17 billion in sales in 2021 and $35
Billion expected to be generated this year. The fastest growing
sector within this space is the sports NFT market and the Company
believes this contract win with a major sports brand demonstrates
that the business is now very well positioned within this
sector.
MOS will produce a large range of NFTs for Atlante. NFTs will be
sold via a primary marketplace that MOS is creating for the club
which can be accessed via the team digital touch points, such as
the Atlante website and social media accounts. Additionally, the
NFTs will be sold via MOS's telco contracts globally, its
LiveScores sites and Apps and the MOS Metaverse website. They will
be marketed not only by the Atlante site, but also online across
the world to fans globally. Additionally, MOS will be responsible
for selecting secondary marketplaces to drive additional sales and
trading of the products and finding 3rd party opportunities where
the branded NFTs can be used or traded such as in gaming.
Details of the Agreement
Under the terms of the Agreement, the parties have agreed a
target revenue figure over the 5 years of the contract, of which
MOS's share is approximately USD 3.7 million. This net figure is
the estimated revenue MOS will receive after any rev-share payments
have been made. The Agreement also requires MOS to make a small
initial cash payment to Atlante and if certain revenue targets in a
year are met then a minimum revenue guarantee would exist for the
next year.. However, in the context of the revenue that MOS would
receive for this to be activated, the Board considers these would
be modest and achievable from within the next year's revenue that
MOS expects to receive from the contract. The Board further
believes that, noting the expected recurring nature of NFT
revenues, it estimates that its maximum net exposure, under all but
the most extreme worst case commercial assumptions, including the
upfront cash fee, would be approximately USD 50,000 over the first
3 years of the Agreement. The Agreement contains a 3 year break
clause and standard terms for termination.
Mark Epstein, CEO Mobile Streams plc, said:
"It is a real privilege to have signed this contract. Atlante
are one of the original members of the Mexican professional league
and a club with an enormous and long-standing fan base. This deal,
coming after the Pumas and Mexico National team contracts,
underlines how well we are doing in the territory and our
commitment to it. The whole team are delivering some incredible
things and I am extremely proud of them. We can't wait to get going
with Atlante."
Atlante FC Owner, Emilio Escalante said :
"We are delighted to be partnering with Mobile Streams for our
NFT's. We look forward the partnership in delivering a new
generation of digital products and merchandise to our fans that
drive engagement with the team and additional revenue for the club.
We feel there is enormous scope to grow these products and this
partnership will deliver it."
About Mobile Streams
Mobile Streams delivers world class gaming content to a global
audience, through its LiveScores and mobilegaming.com platforms,
our long-standing carrier relationships in countries including
India, Argentina and Mexico, and partnership 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
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END
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