Nitro Games signs approx. 2,8 million EUR development agreement
Nitro Games has signed a development agreement with Supermassive Games for an unannounced mobile game.
With this agreement, Nitro Games provides UK-based PC and console games developer Supermassive Games (“Developer”) with game development services, using intellectual property by the Developer.
This agreement follows Nitro Games’ strategy, where in addition to developing games based on its own IP, the company also offers its services to selected customers. Historically, Nitro Games has developed several successful projects for leading mobile gaming companies. This agreement is a follow up to a successful prototyping done during the previous agreement between the parties communicated on 28 July 2021. The order value of this new agreement is approx. 2,8 million EUR. The parties have agreed on a revenue share to Nitro Games should the game proceed to commercial launch. The agreement follows an industry-standard structure. The project will begin early 2022 and the production phase is expected to be completed in 2023.
“We are happy to continue our great collaboration with Supermassive Games. After testing a total of three game prototypes, we’ve now selected the best and killed the rest. We’re looking forward to delivering this chosen game with quality.” says Jussi Tähtinen, CEO of Nitro Games.
“It’s been a joy to work with the talented people at Nitro over the course of this prototyping period. We’re excited to move into this next phase of development” says Pete Samuels, CEO of Supermassive Games.
For more information:
Jussi Tähtinen, CEO & Co-Founder
Phone: +358 44 388 1071
Email: jussi@nitrogames.com
This company release 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 18 January 2022 at 20:45 (EET).
Supermassive Games in brief:
Founded in 2008, Supermassive Games is a BAFTA-winning, independent game developer with a reputation for innovation in both storytelling and VR. Supermassive Games is best known for the critically acclaimed PS4 hit Until Dawn and The Dark Pictures Anthology, a series of stand-alone horror games for PS4, PS5, Xbox X/S, and PC. The studio has received numerous awards, including a BAFTA for Until Dawn and works with GamesAid, other charities, and educational establishments.
Nitro Games in brief:
Nitro Games is a free-to-play mobile game developer and publisher. Nitro Games team is a multinational group of mobile gaming professionals that has the expertise from development to publishing to live-operations. The Company focuses on producing mobile games with high production value for mid-core audience. Nitro Games is specialized in the category of shooter games. With Nitro Games’ powerful NG Platform and the NG MVP process, the Company is able to carry out market validation with its games during development. Nitro Games has developed games based on its own IP such as Lootland, Heroes of Warland, Medals of War, Raids of Glory. The company offers its services also to selected customers and has developed several successful projects for leading mobile gaming companies.
Nitro Games’ shares are listed on Nasdaq First North Growth Market with the ticker NITRO. The Certified Adviser is FNCA Sweden AB, info@fnca.se, +468 528 00399.
Finnish Business ID: FI21348196