Atari partners with Animoca Brands to make Blockchain-based game versions
Atari, one of the world’s most famous editors and producers of interactive entertainment, announced that it has entered into a license agreement with Animoca Brands Limited, a subsidiary of Animoca Brands Corporation Limited. The Agreement grants Animoca Brands the rights to produce and publish blockchain versions of the popular Atari mobile game titles RollerCoaster Tycoon Touch and Goon Squad globally (excluding China, Hong Kong, Taiwan and Macau).
At the same time, Animoca Brands and Atari also entered into a memorandum of understanding to develop a strategic partnership to explore mutual opportunities in gaming, product development, blockchain, and other areas.
RollerCoaster Tycoon Touch has over 19 million downloads globally and has benefited from the successful launch of the water park expansion in July 2018 as well as the addition of new restaurant features in September 2018 in partnership with Foodgod (aka Jonathan Cheban), famous for his reality show appearances on the hit television show “Keeping Up with the Kardashians”, who gathers a community of 3 million followers.
Goon Squad drops players into an underworld ruled by mobsters, gambling and fast-paced card battles. Players can plot a path from lowly Goon to all-powerful Godfather in the free-to-play title, collecting cards to rise through the ranks and build the ultimate criminal empire.
Based on the Agreement, Animoca Brands will produce and publish blockchain-based versions of the Atari games RollerCoaster Tycoon Touch and Goon Squad. The new titles will feature the integration of non-fungible tokens (NFTs). The term of the Agreement extends through to 31 March 2022.
Animoca Brands expects to publish the games in the latter half of 2019.
As consideration for the license to develop and publish the Games, Animoca Brands will pay to Atari a minimum guarantee against future revenues of US$250,000, payable in shares of the Company’s stock. A revenue share will be payable to Atari after gross revenues generated by the Games exceed a total of US$500,000.
The shares offered in consideration to Atari will be subject to a lock-up period of nine months from the effective date, and will be released from lock-up in a phased schedule extending through 31 August 2019.
Yat Siu, the co-founder and chairman of Animoca Brands, said: “This deal marks a special moment for me because I started my career working with Atari and using Atari computers. The RollerCoaster Tycoon franchise is, like many of Atari’s properties, a true evergreen, having been around for two decades. Given the strategic and commercial elements of this incredibly fun simulation, it is a perfect candidate for blockchain adaptation.”
Frédéric Chesnais, the main shareholder and CEO of Atari, commented: “We are proud and delighted to enter into this long-term and strategic relationship with Animoca Brands, which also allows us to become a shareholder in one of the most exciting innovators in the world of decentralized gaming. We hope that this agreement paves the way to to further cooperation on other Atari products.”