Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”)
(Nasdaq: YVR) is pleased to announce a partnership with Tyler
Bushnell’s Polycade, the connected arcade platform invented by the
son of Atari co-founder Nolan Bushnell, which enables
retro-enthusiasts to play classic games in the 21st century.
"Partnering with Polycade creates an immediate
revenue stream for Liquid. It also successfully executes on our
direct-to-consumer model by leveraging Polycade’s innovative
emulator software to bring beloved retro games to ultra-modern
arcade consoles,” said Daniel Cruz, CFO of Liquid.“ Some of the
best gaming titles were created decades ago and fervently played in
the arcades of days past. Today, with Tyler’s lifelong
understanding of video game culture, Polycade is setting the new
standard for arcade machines, capturing the look and feel of
retro-style gaming and updating it with the technology and
aesthetics to fit the needs of modern homes and businesses.”
Under the agreement, all of Liquid’s retro
gaming titles will be made available for the Polycade Game Store
launching this fall. Liquid’s retro games will also be available
via Polycade commercial models, which can be installed in virtually
any business and come preloaded with classic titles.
“Everyone loves video games, but not everyone is
a gamer. Polycade is lighthearted, social gaming that you can enjoy
with just about anyone! Our partnership with Liquid Media allows us
to expand our game offerings with classic, multiplayer arcade and
console games from the 80s and 90s, and builds on our mission to
create a socially focused platform that bridges a modern gaming
experience with the retro arcade feel,” said Bushnell.
Video: Jimmy O. Yang is an actor, stand-up comic
and writer best known for starring in the HBO comedy series Silicon
Valley. On a tour of his home, Jimmy played some games on his
Polycade and chatted with Polycade CEO Tyler Bushnell - watch the
YouTube video here.
The arcade experience was a predecessor to the
console revolution that started in the 1980s. Since then, gaming
content has shifted from physical retail games to the PC revolution
of the 90s. The early 2000s experimented with exclusive content for
the major consoles, which carried forward until the recent
explosion of cross-platform content, such as the hit game Fortnite
that has now removed barriers of closed-end content.
The gaming market is shifting again in 2020 with
a blend of subscription services between consoles and publishers as
well as gamers from multiple platforms playing together. This shift
has also given rise to Esports, which have experienced a rise in
participation and viewership and appear poised to rival traditional
sports leagues for future opportunities.
“Classic games evoke nostalgia and help gamers
relive the best moments of their childhoods,” said Cruz. “With that
comes a high demand for retro gaming content, which Liquid is
excited to be providing through our partnership with Polycade.”
About Polycade Inc.
Polycade Inc. is on a mission to build community
through gaming by combining the social arcade experience with
modern games and technology. Users can experience Polycade through
the Polycade Arcade Cabinet and the downloadable Polycade software.
Created by Tyler Bushnell, son of Atari and Chuck E. Cheese founder
Nolan Bushnell, the unique IP created by Polycade allows users to
play games from any generation and use one interface to combine all
of their favorite platforms.
Polycade’s founders include Tyler Bushnell, CEO
and Jake Galler, COO. Investors include Founders Fund, Wavemaker
Partners, and MVP All-Star Fund.
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an
entertainment company with a strong portfolio of content
intellectual property (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 content across channels and platforms.
Liquid Media’s leadership team includes Chairman
Joshua Jackson (actor / producer, television and
film), Chief Financial Officer Daniel Cruz
(previously of Canaccord Financial), Managing Director
Charlie Brezer (serial entrepreneur), Director
Stephen Jackson (Northland Properties), and
Director Nancy Basi (veteran Media + Entertainment
expert), alongside Advisory Board members Wilson J.
Tang (acclaimed digital entertainment veteran),
Andrew Kaplan (capital markets strategist) and
Michael Timothy Doyle (veteran interactive
entertainment industry production executive). Each brings decades
of industry expertise and significant passion to advance the
Company’s mission.
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: developments related
to the COVID-19 pandemic, 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3cdf514e-ff14-4850-adc7-c528c6c1553f
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/d61dcac8-9631-4a44-b8e8-9ad20cdb1206
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