Immotion Group PLC Exclusive Free-Roaming Content Deal with Survios (2897C)
June 14 2019 - 2:09AM
UK Regulatory
TIDMIMMO
RNS Number : 2897C
Immotion Group PLC
14 June 2019
Immotion Group plc
("Immotion Group", the "Company")
Exclusive Free-Roaming Content Deal with Survios
Immotion Group, the UK-based immersive virtual reality ("VR")
'Out of Home' entertainment group, is pleased to announce an
exclusive agreement with Survios, the MGM backed VR studio, for the
installation of their hit VR experience, 'Raw Data' into Immotion's
new VR arena product.
The partnership with Survios, will see the launch of the
Company's new themed VR Arena, a four person free-roaming
experience, exclusively featuring the global number one interactive
VR game 'Raw Data'. The Immotion VR Arena is 4m x 4m themed
multi-player enclosure, allowing upto four players to participate
in a fun interactive VR shooting experience.
Survios, backed by MGM, is a leading VR studio based in
California, USA. It has signed an exclusive three-year deal with
Immotion for the use of Survios' multi-player experiences in
Immotion's new arena format.
Immotion will be able to sell, or partner with clients globally,
excluding Asia, for the roll out of Survios experiences on
Immotion's VR Arena.
Survios recently completed a Series C funding round led by MGM
Studios, bringing its funding to over $50m. As part of the deal,
MGM Chairman and CEO, Gary Barber joined the board of Survios.
'Raw Data', an interactive science fiction-themed first-person
shooter game has gained many accolades, including being the first
consumer VR game to reach $1m in monthly sales. This exclusive deal
sees Raw Data offered as a multi-player VR arena version for the
very first time in the 'out of home' market.
Customers will be able to battle against each other in a virtual
sci-fi world. This exciting game will be launched in partnership
with a number of leading leisure operators in early July 2019.
Martin Higginson, Immotion Group CEO said: "I am thrilled to be
partnering with such a great company as Survios. We have been
working on our VR Arena for some months, and to have exclusivity on
such an iconic game as 'Raw Data' is a major coup for Immotion,
further underpinning our position as global leaders in the 'out of
home' VR market.
We continue to focus on growing our partnership model with high
footfall edutainment and leisure partners. We provide our partners
with new exciting attractions that complement their offerings and
generate valuable ancillary revenue for them, whilst building
recurring revenues for Immotion. We believe this is a highly
scalable model with global potential.
We look forward to announcing partnerships with major
destinations for the launch of our VR Arena in the coming
weeks.
Survios CEO, Seth Gerson said: "We're teaming up with Immotion
to bring 'Raw Data Arena' to a new level with this bespoke arena
experience.
'Raw Data', an interactive science fiction-themed first-person
shooter game has gained many accolades, including being the first
consumer VR game to reach $1m in its first month of sales. This
exclusive deal sees Raw Data offered as a multiplayer VR arena
version for the very first time in the 'out of home' market.
Customers will be able to battle against each other in a virtual
sci-fi world. This exciting game will be launched in partnership
with a number of leading leisure operators in early July 2019"
Enquiries:
For further information please visit www.immotion.co.uk, or
contact:
Immotion Group Martin Higginson Tel: +44 (0) 161 235 8505
WH Ireland Limited Adrian Hadden Tel: +44 (0) 207 220 1666
(Nomad and Joint Broker) Jessica Cave
Newgate Communications Elisabeth Cowell Tel: +44 (0) 20 3757 6880
(Financial PR) Robin Tozer Immotion@newgatecomms.com
Tom Carnegie
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END
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June 14, 2019 02:09 ET (06:09 GMT)
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