Brief: Live Motion Games Signs Annex To Cooperation Deal With Thule Island

Live Motion Games SA

27/02/2024 06:30

Feb 27 (Reuters) - Live Motion Games SA  LMGP.WA :
    * SAID ON MONDAY IT HAS SIGNED ANNEX TO COOPERATION DEAL
WITH
THULE ISLAND
    * UNDER COOPERATION AGREEMENT THULE ISLAND TO CO-FINANCE AND
RELEASE "NANZOU: THE DIVINE COURT" GAME ON PC 
    * ANNEX LOWERS TOTAL INVESTMENT AMOUNT TO 0.2 MLN ZLOTYS
FROM 0.3
MLN ZLOTYS
    * ANNEX UPS GAME DEVELOPMENT BUDGET TO 3.0 MLN ZLOTYS FROM
2.O MLN
ZLOTYS
    * ANNEX ALSO CHANGES THULE ISLAND'S REMUNERATION TO MAXIMUM
SHARE
OF REVENUE FROM GAME SALES IN AMOUNT OF 8.01% IF BUDGET FOR
PRODUCTION OF GAME EXCEEDS 3.0 MLN ZLOTYS
    * PLANNED LAUNCH DATE HAS BEEN MOVED TO DEC 31, 2026 FROM
2024
    * THE COMPANY KEEPS THE RIGHT TO DELAY THE LAUNCH ONCE MORE
FOR NO
LATER THAN DEC 31, 2027

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMk7WrWa
 Further company coverage:  LMGP.WA  

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