REMEDY ENTERTAINMENT PLC: Remedy records 2.5 million euros of one-time royalty income from previously released games
Remedy Entertainment Plc | Insider information 08.00 am (EET) 1 July 2019
Remedy records 2.5 million euros of one-time royalty income from previously released games
For its first half-year period of 2019, Remedy Entertainment Plc records approximately 2.5 million euros of royalties from previously released games as one-time income. The royalties are paid to Remedy during the second half-year period of 2019. In relation to this, the publishing rights of Alan Wake games are reverted to Remedy.
This one-time income does not significantly affect Remedy’s full year result, because as previously reported, the Company continues to invest in developing new games, the success of which have a greater impact on the Company’s full year revenue and result.
Remedy Entertainment Plc
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Tero Virtala
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Lauri Haavisto
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Alexander Corporate Finance Ltd
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Nasdaq Helsinki Ltd
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REMEDY IN BRIEF
Remedy Entertainment Plc is a globally successful video game company known for story-driven and visually stunning console and computer games such as Alan Wake and Max Payne. Founded and based in 1995, Finland, the company employs over 200 game industry professionals from 25 different countries. Remedy is listed on the Nasdaq First North marketplace.
Our latest games include Control, a supernatural action-adventure created by Remedy and to be published by 505 Games on August 27th 2019 on PlayStation 4, Xbox One and PC, as well as a cooperation project with Smilegate, based on CrossFire, which is one of the world’s biggest game brands. Remedy also develops its own Northlight game engine and game development tools.
