Brief: PCF Group Says Take-Two Interactive Software Seeks Termination Of 'Project Dagger' Deal

PCF SA

26/09/2022 07:12

Sept 26 (Reuters) - PCF Group SA  PCF1.WA :
    * SAID ON FRIDAY PUBLISHER TAKE-TWO INTERACTIVE SOFTWARE HAS
INFORMED IT INTENDS TO TERMINATE PRODUCTION AND PUBLISHING DEAL
FOR "PROJECT DAGGER" GAME VIA UNDERSTANDING OF TERMINATION
    * GROUP TO BOOK ITS PRODUCTION EXPENDITURES ON GAME AS
DEVELOPMENT
WORK EXPENDITURES
    * CLASSIFICATION TO SIGNIFICANTLY IMPACT H1 FINANCIAL
RESULTS AND
AFFECT RESULTS IN SUBSEQUENT QUARTERS AS COMPANY CONTINUES WORKS
ON GAME IN SELF-PUBLISHING MODEL
    * COMPANY WILL CONTINUE PRODUCTION OF GAME USING OWN FUNDS,
BUT
DOES NOT RULE OUT DEBT FINANCING NOR COOPERATION WITH NEW
PUBLISHER
    * UPHOLDS UPDATED STRATEGY REGARDING ANNUAL GAME LAUNCHES
PRODUCED
IN COOPERATION OR SELF PUBLISHING MODEL STARTING 2024

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM92GL0Sa
 Further company coverage:  PCF1.WA  
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