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Emerge Gaming (ASX:EM1) - CEO, Gregory Stevens (centre) - The Market Herald
CEO, Gregory Stevens (centre)
Source: Business News
  • Emerge Gaming (EM1) has entered a first phase agreement with Tecnología de Impacto Multiple S.L. (TIM) to market Emerge's tournament platform
  • Both companies share the goal of building the world's largest online casual gaming community for a growing network of 10 million affiliate members
  • Phase one will act as a precursor to the launch of Emerge's Cloud Game Streaming solution, which is expected to kick off in November across 15 countries
  • Emerge will charge subscribers US$8.50 (roughly A$11.70) per month
  • Significantly, TIM guarantees at least 100,000 subscribers will subscribe to the platform in the first six months — translating to a potential annual recurring revenue of US$10.2 million (roughly A$14 million)
  • If this target isn't reached, TIM will pay Emerge 50 per cent of the cost of prizes that Emerge puts on offer
  • Company shares have soared 32.4 per cent to trade for 4.9 cents

Emerge Gaming (EM1) has entered a first phase agreement with Tecnología de Impacto Multiple S.L. (TIM) to market Emerge's tournament platform.

Emerge's cloud streaming technology solution offers a gaming and entertainment platform for mobile devices and smart TVs.

Both companies share the goal of building the world's largest online casual gaming community by utilising a growing network of more than 10 million affiliate members.

"We are excited to be partnering with TIM, leveraging their 10 million affiliate member network as both users and advocates to market our tournament platform technology and support our objective of building the world’s biggest gaming community," Emerge Gaming CEO Gregory Stevens said.

The partnership will be carried out through a phased approach with the first phase acting as a precursor to the second phase launch of Emerge's Cloud Game Streaming solution.

The product offering with TIM is expected to kick off across 15 countries in November.

TIM will lead the pre-launch campaign and developing marketing material ahead of the product launch.

Under the agreement, Emerge will charge subscribers US$8.50 (roughly A$11.70) per month to enter competitions for mobile social games, earn rewards and win prizes.

In addition, Emerge will provide prizes valued up to US$250,000 (roughly A$344,041) over 12 months.

Significantly, TIM guarantees at least 100,000 subscribers will subscribe to the platform within six months of the launch date. This translates to a potential annual recurring revenue of US$10.2 million (roughly A$14 million).

If this target isn't reached, TIM will pay Emerge 50 per cent of the cost of prizes that Emerge puts on offer.

Emerge will also earn 64.5 per cent of the net revenue from the platform.

Company shares have soared 32.4 per cent to trade for 4.9 cents at 11:18 am AEST.


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