PARIS, February 2, 2016 /PRNewswire/ --
Gameloft and GungHo Online Entertainment, two leading digital and social game developers, today announced that they have reached a non-binding framework agreement to cooperate in the creation and distribution of high quality mobile games as well as in various areas of the digital entertainment industry.
"It is my pleasure to announce that we have entered into a strategic operational relationship with GungHo Online Entertainment - one of Japan's largest mobile game companies. GungHo is highly regarded for its expertise in mobile gaming and we are excited to join forces with such a fantastic partner which shares our vision to bring the highest level of entertainment and technology to mobile gamers around the world," states Michel Guillemot, CEO of Gameloft.
Under the terms of the partnership agreement, the key benefits of the proposed cooperation would be as follows:
- Gameloft and GungHo will cooperate to publish designated mobile games in domestic and international markets by capitalizing on both companies' expertise and worldwide presence.
- Gameloft and GungHo will collaborate to improve and enhance the user experiences and eco-design in mutually agreed mobile titles.
- Gameloft will publish some of its major titles on Playphone, the mobile gaming platform under the control of GungHo.
- Gameloft and GungHo will explore potential collaboration in gaming and related business for further synergies.
The first stage of this strategic alliance kicks off with Gameloft's upcoming mobile gaming title Disney Magic Kingdoms for which GungHo has been granted exclusive distribution rights in Japan by Gameloft. GungHo has worked closely with Gameloft's development team in Toronto to create a version that will reach the renowned high expectations of Japanese players. Disney Magic Kingdoms will allow players to build the theme park of their dreams by recreating and placing iconic attractions in a fun animated landscape. With influence from the Disney Parks around the world, the game reimagines them for mobile, letting fans experience an authentic and magical experience anytime, anywhere. In Disney Magic Kingdoms, fans can also interact with characters from more than 90 years of Disney history, including Mickey Mouse, Woody, Mike Wazowski and countless others.
GungHo president and chief executive officer CEO Kazuki Morishita said: "I am very happy to announce this partnership with Gameloft, a company that has inspired the industry since the early days of mobile gaming with its high quality titles. Disney Magic Kingdoms is our first project together, and we believe a positive chemistry is happening between the expertise we have built over the years and the acclaimed development prowess of Gameloft. We expect this alliance to boost GungHo's ability to thrill the audience in Japan and overseas."
A leading digital and social game publisher, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms and with an audience of 147 million monthly users offers via Gameloft Advertising Solutions a unique level of visibility and involvement to advertisers. Gameloft operates its own established franchises such as Asphalt®, Order & Chaos, Modern Combat and Dungeon Hunter and also partners with major rights holders including Universal, Illumination Entertainment, Disney®, Marvel®, Hasbro®, Fox Digital Entertainment, Mattel® and Ferrari®. Gameloft distributes its games in over 100 countries and employs 6,000 people worldwide.
Gameloft is listed on NYSE Euronext Paris (NYSE Euronext: GFT.PA, Bloomberg: GFT FP, Reuters: GLFT.PA). Gameloft's sponsored Level 1 ADR (ticker: GLOFY) is traded OTC in the US.
For more information, consult http://www.gameloft.com
About GungHo Online Entertainment
GungHo was established as an online auction business in 1998. In 2002, the company shifted its business to online games and launched "Ragnarok Online" (an online PC game) in December of the same year. In 2011, the company started operating smartphone games and achieved 39 million cumulative downloads with "Puzzle & Dragons", released in 2012. Currently, GungHo develops, operates, distributes and publishes smartphone games, consumer games and PC online games. GungHo is listed on the first section of Tokyo Stock Exchange (Security code: 3765)