DONTNOD's Twin Mirror delayed to 2020, the company now co-produces the game and owns the rights of the IP. 12 months exclusivity on Epic Games Store. | ResetEra
PR just droppedQuoteDONTNOD SIGNS STRATEGIC AGREEMENT WITH EPIC GAMES AND BECOMES CO-PRODUCER OF TWIN MIRROR
June 10, 2019. DONTNOD Entertainment is pleased to announce the signing of an exclusive PC distribution partnership with Epic Games. The PC version of Twin Mirror will be released exclusively via Epic Games store for a 12-month period. The financial terms of this partnership ensure a more advantageous distribution of revenues for DONTNOD.
- Signing of an exclusive partnership with Epic Games for PC distribution of Twin Mirror
- Acquisition of the game's intellectual property rights
- Ongoing collaboration with BANDAI NAMCO Entertainment for console publishing, marketing and distribution
- Increased licensing potential for a 2020 release with the support of a new partner, Shibuya Productions
Meanwhile, DONTNOD Entertainment has acquired the rights of Twin Mirror in line with the strategy presented at the time of its IPO: strengthen its intellectual property portfolio and increase game profitability.
BANDAI NAMCO Entertainment, the publisher that launched the project with DONTNOD Entertainment, will continue to be in charge of publishing, marketing and distribution on Xbox One®, Microsoft's all-in-one games and entertainment system, and on PlayStation®4.
In order to optimize the gaming experience and capitalize on Twin Mirror's success potential, DONTNOD Entertainment has decided to extend the development phase and reschedule release for 2020, boosted by the transmedia expertise and the financial support of a co-producer Shibuya Productions.
This entire transaction will enhance value creation potential for shareholders.
Oskar Guilbert, Chairman and Chief Executive Officer of DONTNOD, said: "In line with our development strategy and thanks to our partnership with Epic Games, DONTNOD now majority holds an additional key asset. We are delighted to partner with Epic Games and present Twin Mirror to the vast gamer community on its Epic Games store. The conditions of this partnership along with the support of Shibuya Productions reinforce the game's potential. This strategic operation demonstrates our ability to leverage new market trends in our favor. The video game industry is currently undergoing major transformation and now offers a major competitive advantage to content creators such as DONTNOD." Click to expand... Click to shrink...