Flexion Mobile signs top grossing game from major film studio
The title is expected to generate more than USD 2 million
LONDON, 19th of February, 2019 – Flexion Mobile Plc (Nasdaq: FLEXM), the Android games distribution company today signed its highest ranking game from a division of a major film studio.
This is the fourth top-tier game Flexion has signed in less than two months and another major step forward in Flexion’s go-to-market strategy. The deal is expected to significantly grow Flexion's revenues and will start generating income during the next quarter.The agreement allows Flexion to distribute the game in all its main channels including Amazon and Samsung.
“We have great traction in the market right now and this agreement will further strengthen our appeal with bigger developers and channels. The size of this deal alone is equal to our total revenues for the whole company last year. It is a fantastic way to kick off the year” says, Flexion’s CEO Jens Lauritzson
As part of the deal Flexion will guarantee the developer USD 2 million in revenues over 2 years and Flexion expects to generate significantly more from the deal over time. Flexion reported USD 2.6 million in revenues for the last financial year.
Flexion recently announced its mid-term vision to sign and launch 100 titles - one third of which will be top-tier games and the other two thirds being mid-tier games. Top-tier games are expected to generate more than USD 100,000 per month and mid-tier games more than USD 30,000 per month. The deal announced today is for a top-tier game with the potential to generate more than USD 100,000 per month for Flexion.
For more information
Jens Lauritzson, CEO, Email: ir@flexionmobile.com. Tel: +44 207 351 5944
This is information that Flexion Mobile Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on February 19, 2019.
About Flexion Mobile Plc: www.flexionmobile.com
Flexion makes it easy for developers to maximise the growth potential of their Android games. The company offers as a distribution platform for free-to-play Android games. Flexion's unique service offering has solved a distribution problem for developers and at the core of Flexion's patented technology is the enabling and enhancement software that lets developers distribute one version of their game in multiple channels. As a result, game developers can reach new channels without having to make any changes to the game code. Flexion is integrated with global stores such as Amazon and Samsung and leading regional distribution channels in India, South Korea and Japan. Flexion Mobile Plc is listed on Nasdaq First North, ticker name: FLEXM. Certified Adviser is FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se.
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