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https://otp.tools.investis.com/clie...regulatory-story.aspx?cid=1725&newsid=1388951
Frontier signs an IP Licence with Games Workshop Group PLC and provides an update on trading
· IP rights licenced from Games Workshop to develop and publish a real-time strategy game worldwide on PC, console and streaming platforms for release in FY23
· Game based within the globally popular world of Warhammer® Age of Sigmar®
· Two major releases from internal development teams are now confirmed for each of FY22 and FY23
· Lockdown-related demand for games is having a positive impact on sales globally
· Home working for all staff has been in place for over a month
Warhammer Licence
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company"), a leading developer and publisher of videogames based in Cambridge, announces an exclusive IP licence (the "Licence") with Games Workshop to develop and publish a real-time strategy game within the rich and extensive world of Warhammer Age of Sigmar.
Warhammer Age of Sigmar is Games Workshop's most recent iteration of the globally renowned fantasy setting in which the four Grand Alliances of Order, Chaos, Death and Destruction vie for control of the Mortal Realms. Unique and distinct in style, and endless in scope, this ever growing universe sits alongside the far future dystopia of Warhammer 40,000 as the most successful tabletop miniatures games in the world.
Under the terms of the Licence, Frontier has the exclusive rights to develop and publish a real-time strategy game worldwide on PC and console platforms, together with the rights for streaming services. The game is planned for release in Frontier's financial year ending 31 May 2023 ("FY23").
Release Roadmap
Frontier's development roadmap is now stronger than ever, with two major releases from internal development teams now confirmed for each of FY22 and FY23. FY22 will benefit from the multi-platform release of a game based on an as-yet unrevealed major global IP and the release of Frontier's first Formula 1 multi-platform management game alongside the 2022 F1 season. FY23 will see the release of the 2023 Formula 1 management game and the Warhammer Age of Sigmar multi-platform real-time strategy game.
For the financial year ending 31 May 2021 ("FY21") two internally developed major releases are also planned: Planet Coaster expanding onto PlayStation and Xbox, and a major new paid-for release for Elite Dangerous.
FY21 and beyond will also benefit from releases from Frontier's third party publishing initiative. Two games have been signed for release in FY21, with a further three already signed for FY22 and scope for more. Five or six third party game releases per year are expected from FY23 onwards.
David Braben, Frontier's Chief Executive, said:
"We are delighted to announce this licence with Games Workshop. I personally think it's great news that two such well-established and world-class creative UK companies with global reach are collaborating on a new project. We look forward to working closely with the team at Games Workshop to bring the rich world of Warhammer Age of Sigmar to a wide audience through an immersive and accessible real-time strategy game on both PC and console.
Our roadmap is looking stronger than ever, with two games from our internal developments for each of FY22 and FY23 and an exciting portfolio coming up from our third party publishing initiative, starting in FY21.
I am incredibly proud of the positive reaction of our staff to the challenges of Covid-19 and would like to thank them all for their dedication. We were delighted to release Elite Dangerous: Fleet Carriers Beta and Planet Zoo: South America Pack before the Easter weekend as planned."
Jon Gillard, Global Head of Licensing at Games Workshop, said:
"As Warhammer becomes an ever larger brand and our legions of fans around the world look for exciting ways to experience the splendour of our settings, we are always looking for the highest quality partners to work with. Frontier is just such a company, with an incredible heritage, and an innovative and highly polished development capability clearly demonstrated by their compelling vision for this game. This will be the first RTS set in the epic fantasy world of the Age of Sigmar, which is the kind of game that Warhammer and strategy fans have been clamouring for. We know that the team at Frontier are the perfect people to take on that great responsibility and do it justice."