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Animoca Brands partners with video game pioneer Atari

Atari is one of the world’s most famous producers of video games.

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Animoca plans to generate revenue from publishing blockchain versions of Atari games

Animoca Brands Corporation Ltd (ASX:AB1) has entered into a licence agreement with a wholly -owned subsidiary of Atari SA (XPAR: ATA) (NASDAQ: PONGF).

The agreement grants Animoca the rights to produce and publish blockchain versions of the popular Atari® mobile game titles RollerCoaster Tycoon® Touch™ and Goon Squad™ globally (excluding Greater China).

Atari will take an upfront consideration of US$250,000 for the licensing deal in scrip at 11 cents per share, becoming a strategic shareholder in Animoca Brands.

This fee is recoupable against revenue generated by the games.

A revenue share will be payable to Atari after gross revenues generated by the games exceed a total of US$500,000.

READ: Animoca Brands outlines China opportunity through iClick partnership

Animoca’s co-founder and chairman Yat Siu said: “This deal marks a special moment for me because I started my career working with Atari and using Atari computers.

“The RollerCoaster Tycoon franchise is, like many of Atari’s properties, a true evergreen, having been around for two decades.

“Given the strategic and commercial elements of this incredibly fun simulation, it is a perfect candidate for blockchain adaptation.”

 

 

RollerCoaster Tycoon Touch has over 19 million downloads

RollerCoaster Tycoon Touch is a popular theme park management simulation game mobile devices with over 19 million downloads globally.

Goon Squad is a card-based, multiplayer brawler video game in which players navigate an underworld ruled by mobsters and fast-paced card battles in order to build the ultimate criminal empire.

Animoca expects to begin publishing the blockchain version of these games in the latter half of 2019.

MoU also entered to explore other avenues

The two companies have also entered into a memorandum of understanding (MoU) to develop a strategic partnership to explore mutual opportunities in gaming, product development, blockchain, and other areas.

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