Brief: Live Motion Games Signs Assignment Of Claims Deal For Chornobyl Liquidators Game

Live Motion Games SA

22/04/2024 07:25

April 22 (Reuters) - Live Motion Games SA  LMGP.WA :
    * SAID ON FRIDAY THAT IT HAS SIGNED A THREE-WAY ASSIGNMENT
DEAL
FOR RIGHTS AND OBLIGATIONS FOR CHORNOBYL LIQUIDATORS GAME
    * UNDER DEAL PUBLISHING RIGHTS INCLUDING ADD-ONS ON ANY
SALES
PLATFORMS, INCLUDING CONSOLE PLATFORMS, AND PERMISSION TO
COOPERATE WITH THIRD PARTIES IN DEVELOPMENT OF GAME HAVE BEEN
SOLD TO FROZEN WAY FOR EUR 50,000 PAID IN ADVANCE TO 505 GAMES
UP TO APRIL 30, 2024
    * UNDER DEAL 25% OF NET PROFIT FROM GAME SALES TO BE PAID TO
505
GAMES UNTIL CAPITAL EXPENDITURES INCURRED BY 505 GAMES FOR GAME
HAVE BEEN COVERED, BUT NO LESS THAN EUR 25,000 AND NO MORE THAN
EUR 0.6 MLN IN TOTAL
    * COMPANY IS RESPONSIBLE ALONG WITH FROZEN WAY TO PAY ALL
OBLIGATIONS TO 505 GAMES ENSUING FROM DEAL
    * UNDER DEAL IF CAPITAL EXPENDITURES OF 505 GAMES ARE NOT
COVERED
AND FROZEN WAY FAILS TO MEET ITS OBLIGATIONS UNDER THE DEAL, OR
COMPANY AND FROZEN WAY DECLARE INSOLVENCY, ALL RIGHTS TO GAME
SHALL BE TRANSFERRED TO 505 GAMES
    * ADDITIONALLY, FROZEN WAY HAS COMMITTED TO SUPPORT GAME'S
MARKETING THROUGH PAID ADVERTISING, PRESS RELEASES, BUNDLING
SALES WITH ITS OTHER GAMES, POSTS ON SOCIAL MEDIA, AND SENDING
DIGITAL KEYS FOR GAME TO MEDIA OUTLETS AND INFLUENCERS
    * GAME TO BE RELEASED FOR PC ON STEAM AND GENBA DIGITAL ON
JUNE 6

        
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