Mighty Kingdom (ASX:MKL) - Managing Director & CEO, Phillip Mayes
Managing Director & CEO, Phillip Mayes
Source: InDaily
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  • Mighty Kingdom (MKL) enters an expanded partnership agreement with East Side Games Group (ESGG) to increase the scale of collaboration between the two companies.
  • The expanded partnership will see the companies publish original and licensed IP for a total of four games for worldwide release.
  • Launch of the games is expected this year and next year and will be published by East Side Games
  • Mighty Kingdom says the partnership will result in a material, positive shift in top line revenue
  • Shares are trading 3.45 per cent higher today at 15 cents each

Mighty Kingdom (MKL) has entered an expanded partnership agreement with East Side Games Group (ESGG) to increase the scale of collaboration between the two companies.

The expanded partnership will see the companies publish original and licensed IP for a total of four games for worldwide release.

One of the additional games will be based on popular licensed IP, while the remaining two games are in early-stage design.

These games use ESGG’s proprietary Game Kit technology, utilising Game Kit-Idle and other Kits that are in development.

The launch of the games is expected this year and next year and will be published by East Side Games.

Mighty Kingdom said the partnership will result in a material, positive shift in top-line revenue.

The companies have also been working on a mobile game centred on a popular legacy science-fiction franchise.

Development work on this project is complete including animation, broad narrative, and ensuring it aligns with the global franchise.

The game will be brought to market under the ESGG publishing banner. Under the co-development agreement between the companies, costs of development will be shared as will a percentage of profits after marketing costs and royalties have been recouped.

Full details of the game will be made public early this year as alpha testing commences.

Managing Director and CEO Phill Mayes said he is thrilled with the growing partnership.

“Our work with East Side Games has been fantastic thus far, and we’re excited to strengthen our relationship with additional co-development contracts,” he said.

“Between our combined pools of creativity, experience, and technology, we know that with East Side Games, we’ll deliver rich experiences to players for years to come – both original stories and well-known universes.”

The company also provided an update to its share purchase plan (SPP) in order to extend the closing date to February 1.

The decision was due to the recent holiday period, which the company believes could have impacted eligible shareholders in accessing their SPP materials.

Shares were trading 3.45 per cent higher today at 15 cents each at 12.36 pm AEDT.

MKL by the numbers
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