Brief: Madmind Studio Signs Cooperation Deal With MobilWay

Madmind Studio SA

25/04/2023 12:50

April 25 (Reuters) - Madmind Studio SA  MMSP.WA :
    * SIGNS COOPERATION DEAL WITH MOBILWAY
    * UNDER DEAL MOBILWAY OBLIGED TO DEVELOP MOBILE GAME ON
ANROID AND
IOS PLATFORMS UNDER WORKING TITLE OF SUCCUBUS RUNNER
    * UNDER DEAL MOBILWAY TO ALSO LEAD TO PUBLISHING OF GAME ON
GOOGLE
PLAY AND APPLE APP STORE DISTRIBUTION PLATFORMS
    * UNDER DEAL MOBILWAY IS ELIGIBLE TO REMUNERATION OF 0.5
MILLION
ZLOTYS NET
    * UNDER DEAL COMPANY OBLIGES TO FINANCE PRODUCTION OF SAID
GAME
AND TO PROVIDE MOBILWAY WITH MATERIALS AND ASSETS NECESSARY FOR
DEVELOPMENT OF SAID GAME
    * SAID REMUNERATION DOES NOT INCLUDE OTHER REMUNERATION FOR
WORK
AFTER PRODUCTION AND MARKETING BUDGET
    * COMPANY TO GET REMUNERATION OF 100% REVENUE FROM SALES OF
SAID
GAME UNTIL REACHING BREAK-EVEN POINT
    * AFTER REACHING BREAK-EVEN POINT COMPANY TO GET 65% OF
REVENUE
FROM SALES OF GAME, AND MOBILWAY TO GET 35% OF SAID REVENUE
UNTIL ACCUMMULATED REVENUES WILL SURPASS BREAK-EVEN POINT BY 2
MILLION ZLOTYS NET
    * AFTER ACCUMMULATED REVENUES WILL SURPASS BREAK-EVEN POINT
BY 2
MILLION ZLOTYS NET, COMPANY TO GET 60% OF REVENUE FROM SALE OF
GAME, AND MOBILWAY TO GET 40% OF SAID REVENUE

Source text for Eikon:  ID:nEM8brqPpa 
Further company coverage:  MMSP.WA 

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