Frontier Developments PLC Announces Movie IP License for Third Franchise

TIDMFDEV

Frontier Developments PLC

06 February 2017

6 February 2017

Frontier Developments plc

Announces movie IP license for third franchise

Frontier Developments plc (AIM: FDEV; "Frontier" or the "Group"), a leading independent creator of video games, is pleased to announce that it has licenced rights from a major Hollywood studio to develop its third game franchise based on an enduring movie franchise of global renown.

Frontier has recently completed its transition to multi-franchise self-publishing, having successfully launched Elite Dangerous and Planet Coaster. In addition to strengthening and growing these existing franchises, an important part of the growth strategy for the Group is creating additional successful franchises that continue to leverage its expertise.

The Company has previously stated it expects its third franchise to start generating revenue during 2018. Further details of the new franchise will be revealed later during 2017.

David Braben, Chief Executive of Frontier Developments, said:

"The third franchise is an important next step in our growth. We have chosen to license this particular IP to work with as our third franchise because we believe we can create something very special - it is creatively stimulating, already has a high worldwide profile and is a perfect match for our expertise. We look forward to revealing more details later this year."

Enquiries:

 
 Frontier Developments        [phone] 
 David Braben, CEO 
  David Walsh, COO 
 
 Numis - Nomad and Joint 
  Broker                      [phone] 
 Simon Willis / Jamie 
  Lillywhite (Nomad) / 
  Toby Adcock 
 
 Finncap                     [phone] 
 Matt Goode / Giles Rolls 
 
 Tulchan Communications      [phone] 
 James Macey White / Matt 
  Low 
 

About Frontier Developments plc

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent creator of self-published videogame franchises founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games, currently focusing on videogame consoles and personal computers.

www.frontier.co.uk

About Elite Dangerous

Elite Dangerous - available for Windows PC, Apple Macintosh, Microsoft Xbox One and coming to Sony Playstation 4 in 2Q 2017 - is the definitive massively multiplayer space epic, bringing gaming's original open world adventure to the modern generation with a connected galaxy, evolving narrative and the entirety of the Milky Way re-created at its full galactic proportions.

www.elitedangerous.com

About Planet Coaster

Planet Coaster - available for Windows PC - builds on Frontier's genre-defining expertise with coaster park games such as RollerCoaster Tycoon 3 and Thrillville. It further raises the bar for this popular genre, allowing players to let their imaginations run wild as they surprise, delight and thrill incredible crowds, and share their success with the world via the Steam Workshop community.

www.planetcoaster.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 06, 2017 02:00 ET (07:00 GMT)