PLAYSIDE AND 2K GAMES SIGN LANDMARK WORK-FOR-HIRE DEVELOPMENT AGREEMENT

Big news this morning as PlaySide signs a landmark work-for-hire development agreement with one of the worlds leading labels, 2K Games, a subsidiary of publisher Take-Two Interactive Software. This is the largest work for hire contract since listing for PlaySide and in my opinion has a lot of value.

HIGHLIGHTS

• PlaySide signs early eight-figure (AUD) work-for-hire development agreement with 2K Games, a label of leading global Publisher Take-Two Interactive Software (NASDAQ: TTWO, US$21b market cap).
• This is the largest work-for-hire agreement PlaySide has signed since listing.
• 2K Games is developing a forthcoming franchise with PlaySide acting as a key partner.
• The development cycle will be over 23 months, with a 12-month maintenance period postlaunch.

PLY.pdf

DISC: Held RL.