Brief: Starbreeze Enters Licensing Agreement With Popreach For PAYDAY Crime War

Starbreeze AB

14/04/2021 06:33

April 14 (Reuters) - Starbreeze AB  STZEb.ST :
    * STARBREEZE ENTERS LICENSING AGREEMENT WITH POPREACH FOR
PAYDAY
CRIME WAR
    * POPREACH WILL RECEIVE COMPLETE SOURCE CODE TO PAYDAY CRIME
WAR,
AND ACCESS TO PAYDAY 2 CONTENT
    * UNDER TERMS OF AGREEMENT, STARBREEZE WILL RECEIVE A
NON-RECOUPABLE UPFRONT PAYMENT OF USD 250 THOUSAND
    * WILL RECEIVE TIERED ROYALTIES ON NET SALES EQUIVALENT TO
ITS PC
AND CONSOLE LICENSING DEALS
    * RETAINS ALL IP RIGHTS FOR TITLE.
    * WILL RECEIVE A NON-RECOUPABLE UPFRONT PAYMENT OF USD 250
THOUSAND
    * POPREACH WILL BE RESPONSIBLE FOR CONTINUED DEVELOPMENT OF
PAYDAY
CRIME WAR
    * POPREACH EXPECTS TO SOFT LAUNCH A BETA VERSION BY END OF
2021.

Source text for Eikon:  ID:nWkr92qw4J 
Further company coverage:  STZEb.ST 

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