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Be the first with the news that moves the market- Mighty Kingdom (MKL) signs a contract with Google for an upcoming technology partnership
- The terms of the partnership are undisclosed because of confidentiality obligations but the company confirms the collaboration is material from a revenue perspective
- The company says the agreement “marks an important milestone” and highlights Mighty Kingdom as a leader in the Australian games industry
- MKL shares are up 12.3 per cent, trading at 7.3 cents as of 2:21 pm AEST
Mighty Kingdom (MKL) has signed a contract with Google for an upcoming technology partnership.
The terms of the partnership are undisclosed because of confidentiality obligations.
However, the collaboration is material to Mighty Kingdom from a revenue perspective and will be reflected in financial results moving forward.
The company said the agreement “marks an important milestone” and highlights Mighty Kingdom as a leader in the Australian games industry.
Managing Director and CEO Philip Mayes said the company is thrilled to be working with Google to pool both companies’ collective strengths and create something innovative.
“Making fun, accessible games has always been one of our key pillars, and we’re excited to see what will blossom from this partnership with Google.”
Mighty Kingdom has had an eventful few months, with the release of its first mobile game Conan Chop Chop.
The game was launched March 1 on all major gaming consoles and PC, and was made in conjunction with publisher Funcom.
It reported that initial sales of its first console game Conan Chop Chop were lower than expected despite “excellent” and “positive” reviews.
The game currently has a Metacritic rating of 75, indicating positive reviews from players and media outlets.
MKL shares were up 12.3 per cent, trading at 7.3 cents as of 2:21 pm AEST.
