FIREFLY GAMES INC LAUNCHES WORLWIDE MULTIPLAYER ONLINE STRATEGY GAME
• Firefly Games has launched Terminator: Dark Fate based upon the feature film recently released worldwide
• The game has been co-developed with Camel Games who are the creators of War And Order
• MSMCi have a priority right to be paid profits or distributions received by RTE from J&D Holdings (parent entity of Firefly Games) for the repayment of the RTE loan note and MSMCi will benefit from any ongoing distributions post loan repayment as an RTE shareholder
MSM Corporation International Limited (ASX: MSM) (MSMCI or the Company) is pleased to advise that Firefly Games Inc, a strategic partner forged through the Company’s investment in The Riva Group, has successfully completed its global launch of Terminator: Dark Fate. It is the official, free to play, real time strategy war game based upon the 2019 feature film and is available worldwide on Apple and Google Play.
As announced on 1 October 2019, Terminator: Dark Fate is the culmination of a 2-year collaboration between Firefly Games and Skydance Media. The game is targeting global mobile gaming audiences and fans of the Terminator series for worldwide release. It is a midcore free-to-play massively multiplayer online strategy game with a focus on player-versus-player combat and player alliances.
Camel Games, the co-developers are the creators of War and Order which has over 10 million downloads and is estimated to be generating revenue over US$35 million per annum.1
As announced on 30 September 2019, MSMCi has secured, first ranking, interest free loan notes and an equity interest in The Riva Group’s associated company Riva Technology and Entertainment Limited (RTE). RTE is in the process of acquiring a majority equity interest in J&D Holdings Limited (J&D), which is the sole legal and beneficial owner of Firefly Games pursuant to a Share Purchase Agreement. Under the loan notes, MSMCi (along with other subscribers of the notes) have a priority right to be paid all profits or distributions received by RTE from J&D in repayment of the notes.
Chairman of The Riva Group, Paul Roy commented;
"We’re very excited with the release of this game. The early feedback from the players has been extremely positive with several thousand downloads already. The team at Firefly Games have done a fantastic job with their partners at Camel Games and Skydance Media."
Looks to pretty "Mighty" to me, nice chunk of revenue coming this way, looking to be an awesome turnaround.
