Immotion Group PLC Content and Licensing Update (3400Z)
May 17 2019 - 2:00AM
UK Regulatory
TIDMIMMO
RNS Number : 3400Z
Immotion Group PLC
17 May 2019
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Immotion Group plc
("Immotion Group", the "Company")
Content and Licensing Update
Immotion Group, the UK-based immersive virtual reality ("VR")
'Out of Home' entertainment group, is pleased to announce the
signing of a circa $500,000 VR and immersive content creation
contract with global family entertainment specialist,
iP2Entertainment, based in Amsterdam.
Immotion Group is focused on establishing itself as a global
leader in high quality VR content creation, including a number of
proprietary experiences currently operating on its motion
platforms, and now being licensed to third party platforms.
This new contract will see Immotion Group producing three
exclusive VR and immersive experiences for IP2Entertainment. These
experiences will be available for iP2Entertainment centres'
visitors later this year and into 2020. All work is scheduled to be
completed by November 2019.
This collaborative partnership will add significant benefit to
both organisations, allowing Immotion Group to develop these
experiences for iP2Entertainment and providing Immotion with access
to them for non-competing uses.
iP2Entertainment is a renowned family entertainment company
building immersive indoor family entertainment centres all around
the globe for a number of world-famous brands, including National
Geographic and DreamWorks to name but a few. iP2's mission is to
immerse families into the worlds of the brands and characters they
know and love through innovative, memorable, and exciting
experiences designed to entertain as well as educate through play
and fun.
Martin Higginson, Group CEO, Immotion Group, commented:
"iP2Entertainment are well recognised as being one of the
leading players in the 'out of home' immersive entertainment space.
Having the opportunity to work with them in the creation of some
cutting-edge VR experiences will not only deliver valuable revenue
for the studio but also help us further develop and showcase our
skill set in this exciting market, whilst providing access to some
exciting new content."
Ian Liddell, Group Creative Director, Immotion Group,
commented:
"Our studio has always been synonymous with the origination of
high-quality content for many platforms. The considerable knowledge
and experience we have gained creating proprietary VR experiences
has quickly established us as one of the leading originators in the
Global VR market. Within that period, we have had numerous requests
to create and license content."
"Working with Global entertainment specialists,
iP2Entertainment, in the development of some exciting immersive
experiences will help us further hone and showcase our skills."
Roger Houben, co-founder and CEO of iP2, commented:
"We are very pleased to have Ian and his team on board for the
creation of several immersive media experiences for our family
entertainment centres. Immotion is recognised as one of the best in
the world in the creation of top-quality immersive media content
productions. We look very much forward to working with them on this
prestigious project. Hopefully the start of a long and mutually
beneficial relationship."
Enquiries:
Immotion Group Martin Higginson Tel: +44 (0) 161 235
8505
WH Ireland Limited Adrian Hadden Tel: +44 (0) 207 220
(Nomad and Joint Broker) Jessica Cave 1666
Newgate Communications Elisabeth Cowell Tel: +44 (0) 20 3757
(Financial PR) Robin Tozer 6880
Immotion@newgatecomms.com
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END
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