Ubisoft secures a new high-value multi-year license agreement with a mysterious partner using one of their IPs.
Ubisoft has signed a new licensing deal that is expected to significantly increase revenue from mobile games. The company has announced a significant partnership that will help strengthen its presence in the mobile gaming segment. They signed a license agreement with an unnamed game developer to create a new mobile game based on the popular game franchise.
Ubisoft received an upfront payment that will be recognized this financial year and help drive top 10 growth year-over-year, but the game won’t launch in 2022 and still isn’t. notified in advance. Ubisoft will also receive royalties and payments after the game is released. This appears to be a separate deal from the partnership with Tencent.
“Today we also announced a mobile licensing agreement for one of the AAA brands. In addition to significantly boosting our mobile footprint in the coming years, it will significantly impact P&L cash grants during the financial year. We will announce more details about this partnership in the near future,” Ubisoft CFO Frederick Duguet said during the financial meeting.
Likely candidates could include Take-Two Interactive – Zynga or other big names like NetEase, which has adapted important titles like Diablo Immortal.
“This is a major partnership that will allow us to grow our mobile footprint for years to come. This partnership builds on a sizable upfront provision that will positively impact P&L this financial year and revenue sharing plans for the future,” Ubisoft CEO Yves Guillemot said in a statement. a press release.