Flexion Mobile Plc is growing its game developer base in China
Expanding partnership with YOOZOO Games
LONDON, 19th of October, 2018 – Flexion Mobile Plc ( NASDAQ: FLEXM), the London-based company that helps game developers maximise the growth potential of their android games, today announced it is expanding its partnership with YOOZOO Games, one of the leading Chinese Entertainment companies.
After 12 months of successful collaboration based on the title Legacy of Discord, Flexion and YOOZOO Games have agreed to extend their co-publishing agreement and include YOOZOO Games’ recently launched title Rise of Ragnarok.
In 2017, the top grossing title Legacy of Discord from YOOZOO Games was launched by Flexion in channels such as Amazon App Store and Samsung Galaxy Apps. This was Flexion’s first big title from China and the performance has exceeded expectations. To date, Legacy of Discord has successively topped the top grossing charts in 57 countries and regions, reaching TOP 3 in 94 countries.
“We are proud of our achievements over the last 12 months and it has been a great experience working with YOOZOO Games, one of the leading Chinese companies in our space. They have really showed us and the market their ambitious plans by securing top western IP and it is an honour for us to be part of their expansion”, says Jens Lauritzson, CEO of Flexion Mobile Plc.
The Chinese mobile games market is the world’s largest market representing approximately 25% of the total revenues with local giants such as Netease and Tencent dominating the charts. As domestic Chinese competition and regulatory approvals have made life more difficult for developers many are now looking for ways to expand outside of China. This is where Flexion plays an important role and can help and assist them navigate the western distribution landscape.
“We are currently seeing strong demand from Chinese developers who are coming to western markets. It is very difficult for developers to stay focussed on making great games for global markets and at the same time become experts in regional marketing and distribution. That’s why we are busier than ever right now”, concludes Lauritzson.
More information:
Niklas Koresaar, CFO, Email: ir@flexionmobile.com. Tel: +44 207 351 5944
About Flexion Mobile Plc
Flexion is the leading multi-channel distribution platform for android games. The company works with many of the top tier game developers and help them with distribution on a growing number of platforms such as Samsung, Amazon, One Store, 9apps, Yandex and KDDI. At the core of Flexion's patent pending technology is the enabling and enhancement software that lets developers distribute one version of their game in multiple channels across several monetization models without any work required. From its headquarter in London, Flexion is now increasing its sales activities through its USD 10m fund raise completed in early 2018. Flexion Mobile Plc is listed on Nasdaq First North, Shortname: FLEXM. Certified Adviser is FNCA Sweden AB.
Official Site (http://www.flexionmobile.com/)
About YOOZOO Games
YOOZOO Games is a global entertainment company specializing in game development and distribution. The company is headquartered in Shanghai with offices in London, Berlin, Hong Kong, Singapore, and other major cities. Since its founding in 2009, YOOZOO has launched a multitude of highly successful products such as Legacy of Discord – Furious Wings and League of Angels, and has forged a strong global distribution network.
Official Site (http://www.yoozoo.com/)
Global Game Portal (https://www.gtarcade.com/)