Nitro Games signs Agreement with Netmarble EMEA
Nitro Games & Netmarble EMEA have signed Game Distribution and Servicing Agreement to introduce ”Medals of War” to Arabic and Turkish speaking audiences.
Nitro Games has signed a Game Distribution and Servicing Agreement with Netmarble EMEA, the regional office of Netmarble Games, one of the fastest growing mobile gaming companies in the world today. The Agreement concerns licensing of Nitro Games’ new game ”Medals of War” to Netmarble EMEA for publishing in Arabic and Turkish speaking countries. The parties previously signed a Term Sheet, as press released on September 27th, and the Terms of this Agreement are in line with what was agreed then.
Terms of this Agreement overview:
- Minimum Guarantee: 200.000,00 EUR
- Royalty rate: Net 35% to Nitro Games
- Netmarble will have Asian rights of first refusal. Minimum Guarantee for Asian countries to be negotiated separately.
- Territory: Turkey, Middle-East and Africa
- Target launch date: Q4 2017
- Genre: Action Strategy
"We’re excited to start the co-operation with Netmarble now. With their strong experience and local market expertise we can together introduce Medals of War to Turkish and Arabic speaking gamers. says Jussi Tähtinen, CEO and Co-Founder, Nitro Games Oyj.
Mr. Baris Özistek, CEO, Netmarble EMEA FZ LLC. says “We strongly believe, Turkish and Arabic passionate gamers will enjoy “Medals of War” together with localized content and local services. I fully trust the highly talented development capability of Nitro Games and I’m sure both parties will build a long term fruitful partnership between teams.”
For more information:
CEO Jussi Tähtinen
Phone: +358 44 388 1071
This company announcement contains information that Nitro Games Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 10 October 2017 at 09:00 (EEST).
Nitro Games in brief:
Nitro Games is a free-to-play mobile game developer and publisher with a decade of experience in developing games for the mid-core user segment, mostly focusing on the genre of strategy games. The Company focuses on producing games with high production value and high revenue potential for smartphones and tablets. With Nitro Games’ powerful NG Platform and NG MVP-process, the Company is able to do market validation with new game prototypes after only a week of development. Historically, Nitro Games has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove and Raids of Glory. Nitro Games’ shares are listed on Nasdaq First North Stockholm with the ticker NITRO, and the company’s Certified Adviser is Augment Partners AB, phone: +46 8 505 651 72. www.nitrogames.com .
Netmarble in brief:
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide. With more than 4,000 employees, Netmarble has been developing and servicing some of the most successful mobile games, including Lineage 2 : Revolution, MARVEL Future Fight, STAR WARS™: Force Arena, Everybody’s Marble, and Seven Knights. The largest shareholder to Jam City, a leading casual game developer, and parent company to Kabam, a top global game developer in massively multiplayer free-to-play games, Netmarble has strategic partnerships with CJ E&M Corporation, Asia’s largest entertainment company, Tencent Holdings, Asia’s largest internet company, and NCsoft, a prominent MMO company. More information can be found at www.netmarble.com .