Epic Games paid 505 Games’ mother or father firm a big sum of cash for exclusivity rights to Remedy’s Control.
The sum of €9.49 million was paid out to Digital Bros, the mother or father firm of writer 505 Games, for Control in response to a latest monetary report. That’s fairly a sum of cash for distribution rights.
News of the payout was reported by Daniel Ahmad, senior analyst at Niko Partners.
Digital Bros, mother or father firm of 505 Games, has disclosed that they acquired a cost of 9.49 million euro from Epic Games for Control.
Which I’d think about is for exclusivity.
55% of that cost going to 505 Games.
Report right here: https://t.co/ocmbIQeOfJ
— Daniel Ahmad (@ZhugeEX) September 20, 2019
The €9.49 ($10.44 million) sum was listed as “revenues generated on the Epic Games marketplace relate to the recognition of revenues deriving from the PC version of the video game Control,” reads the document (Google translate).
“The revenues deriving from the personal computer version of the video game Control were significant. The game in different versions, for personal computers and consoles, was launched on the 27th August 2019, but the contractual structure with the digital marketplace that required the exclusivity of the video game of the personal computer version has allowed the recognition of revenues already starting from this agreement.”
In different phrases, the corporate is acknowledging the cash derived from the deal as income. This is to not be confused with income acquired by way of gross sales of the game.
Control can be out there on Xbox One and PlayStation 4. Unit gross sales or ship figures haven’t been disclosed for any model of the game as of press time.
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