Liquid Media Group Ltd. (the “Company” or “Liquid”) (Nasdaq: YVR)
is pleased to announce the signing of a collaboration agreement
with YDX Innovation Corp. (“YDX”) (TSX-V: YDX), which for nearly
two decades has been a pioneer in augmented and virtual reality,
interactive exhibitions and e-sports.
YDX has eight Arkave Virtual Reality (VR) Arenas
(“Arkave VR”) in Canada, the United States and Brazil.
YDX recently announced a licensing agreement
with The Walt Disney Company Brazil to develop a new Arkave VR
Arena experience featuring Disney’s iconic intellectual property
(IP), Mickey Mouse.
Liquid plans to leverage YDX technology to bring
classic and future games to Arkave VR in Canada, the United States
and Brazil as well as the Game On Festival experiences, allowing
gamers to play their favourite titles in a whole new way. The
companies also plan to collaborate on new IP, content, products and
technology.
YDX’s Arkave VR offers free-roaming,
multi-player experiences where gamers can walk around inside a
virtual world. It can be installed in family entertainment centres,
malls, theme parks and other experiential entertainment
destinations.
“Virtual reality is an exciting new way for
audiences to fully immerse themselves in the stories they love.
Having stepped into the mind-blowing experience that YDX has
created at its flagship location in Vancouver’s Gastown District, I
am extremely proud to join forces and bring highly entertaining
Liquid gaming experiences to new audiences in an innovative way,”
said Joshua Jackson, Chairman of Liquid Media Group.
“We are delighted to be partnering with Liquid Media to bring
imaginative new stories and VR gaming experiences to our audiences
around the world,” said Daniel Japiassu, CEO of YDX. “At the same
time, we expect to help create new opportunities for Liquid to
monetize its growing IP library.”
“The global VR market is expected to reach $44.7
billion by 2024 according to Research and Markets, driven by its
use in the gaming and entertainment sectors,” said Daniel Cruz, CFO
of Liquid. “Given YDX’s expertise in e-sports, as evidenced by
their upcoming Game On festival, we see tremendous potential in
combining forces. The total global e-sports audience is expected to
reach 454 million this year, with $1.1 billion in total revenues.
We look forward to working together to leverage our complementary
capabilities, which we expect will bring considerable value to both
companies.”
About YDX Innovation
YDX Innovation Corp. (TSX-V: YDX) is a
technology company that develops products and services and is an
expert in immersive technologies like augmented and virtual
reality, e-sports events and interactive exhibitions.
Currently three companies are part of the YDX
Family:
Arkave VR Arena -
www.arkavevr.com - a gaming platform that brings the most immersive
virtual reality experience to location-based venues with a highly
scalable business model.
Arkave VR has a flagship store in Brazil, two
arenas in the United States, a flagship store being built in Canada
and is being sold through a network of distributors that will focus
on the thousands of family entertainment centre's throughout North
America, in constant search for innovative attractions.
YDreams Global -
www.ydreamsglobal.com - have developed over 1,300 interactive
experiences for clients all over the world such as Disney, NBA,
Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander,
AmBev, Qualcomm, Unilever, City of Rio and Fiat.
YDreams Global has generated over CAD$24 million
in revenues in past seven Years.
Game On Festival -
www.gameonfestival.com - is a new event under development by YDX
that combines e-sports tournaments with a large interactive
exhibition about the videogame industry and its history.
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an
entertainment company with a strong portfolio of content IP
spanning creative industries. Originating in Vancouver’s media and
entertainment supercluster, Liquid’s mission is to empower
storytellers worldwide to develop, produce and distribute across
channels and platforms. Additional information is available at
www.LiquidMediaGroup.co.
Further information:
Daniel CruzLiquid Media Group Ltd.+1 (416)
489-0092pg@liquidmediagroup.co
Media requests:
Adam BelloMedia & Analyst Relations ManagerPrimoris Group
Inc.+1 (416) 489-0092 x 226media@primorisgroup.com
Cautionary Note Regarding
Forward-Looking Statements
This news release includes statements containing
certain "forward-looking information" within the meaning of
applicable securities law ("forward-looking statements").
Forward-looking statements are typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate",
"potentially" and similar expressions, or are those, which, by
their nature, refer to future events. These statements should not
be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from those implied by such statements.
Such factors include, but are not limited to: regulatory actions,
market prices, continued availability of capital and financing, and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. The Company is under no obligation, and expressly disclaims
any intention or obligation, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
applicable law.
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