Brief: Madmind Studio Signs License Deal With Movie Games For Horror Games

Movie Games SA

27/06/2023 08:15

June 27 (Reuters) - Madmind Studio SA  MMSP.WA :
    * SIGNS LICENSE DEAL WITH MOVIE GAMES  MOVP.WA 
    * UNDER DEAL COMPANY TO PRODUCE NOT LESS THAN 1 AND NOT MORE
THAN
3 SUBSEQUENT PARTS OF GAMES FOR PC, WHICH ARE CONTINUATION OF IP
IN HORROR GENRE SERIES
    * LICENSE GRANTED FOR 5 YEARS PERIOD, AND AFTER ITS EXPIRY,
IT IS
TRANSFORMED INTO LICENSE GRANTED FOR INDEFINITE PERIOD
    * COMPANY TO PAY LICENSE FEE OF 100,000 ZLOTYS NET
    * IN THE EVENT OF STARTING PRODUCTION OF SUBSEQUENT PARTS OF
GAME
CONTINUATION (2ND AND 3RD PART), COMPANY TO PAY LICENSE FEE OF
100,000 ZLOTYS NET FOR EACH PART
    * COMPANY IS ENTITLED TO COMMISSION REMUNERATION OF 80% OF
NET
PROFIT FROM SALE OF GAME CONTINUATION
    * GAMES WILL BE RELEASED ON PUBLISHING ACCOUNT OF MADMIND
STUDIO,
WHICH WILL ALSO BE RESPONSIBLE FOR GAME DEVELOPMENT, MARKETING
AND SOCIAL MEDIA

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

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