Yesterday (15 December), Next Games announced the signing of a five-year co-development agreement for a mobile game in a deal worth up to USD 16.5m.

INSIDER INFORMATION

NEXT GAMES CORP. | COMPANY RELEASE | 15 December 2021, 09:35 am EET

Next Games has signed a co-development agreement on a mobile game with a significant, global media company. The total value of the agreement is up to 16.5 million USD, to be paid to Next Games over five years starting from 2021.

Yesterday (2 December), Next Games expectedly announced that it would not reach its 2021 guidance.

NEXT GAMES CORPORATION | COMPANY RELEASE | 2 December 2021, 11:00 am EET

Next Games withdraws its outlook for 2021, originally published on 19 February 2021. Previously issued outlook is no longer probable and in effect.

The company has made a strategic decision to postpone certain planned and significant marketing investments, and thus part of 2021 expected revenue growth from Stranger Things: Puzzle Tales will, ​​according to the company’s estimate, be generated closer with the release of season 4 of the Stranger Things series, expected to happen in 2022.