Emerge Gaming shares surge on deal for "Netflix of Gaming"

Emerge Gaming shares surge on deal for "Netflix of Gaming"

Shares in the eSports company Emerge Gaming (ASX: EM1) have risen 43 per cent this morning after it announced the execution of a global distribution agreement with Singapore-based Cloudzen Pte Ltd, putting it in the system of what has been dubbed the "Netflix of Gaming". 

The partnership allows the group to use its intellectual property for "GameCloud", a portal that gives gamers instant access to hundreds of AAA-rated 3D graphic games and live streaming on mobile devices without the need to download the game.

Through what Perth-based Emerge has described as a "revolutionary digital platform", this allows gamers to play at any time from handheld devices and smart TVs, with multiplayer gaming, video streaming and social networking.

"Our strategic partnership with Cloudzen and its revolutionary GameCloud platform offers Emerge Gaming a significant opportunity to push the boundaries of cloud gaming, and accelerate revenue growth across a number of new territories in the near term," says Emerge Gaming chief executive officer Greg Stevens. 

"Once you experience game streaming, you will not go back to traditional gaming. Our partnership with Emerge Gaming will allow us to continue the disruption of the online gaming community, like the Netflix and Spotify of the gaming world," adds Cloudzen founder and CEO Robin Tan.

The Global Distribution Agreement will see Emerge Gaming enter a number of first world markets to promote its Arcade X and GameCloud's technology. This includes an initial rollout into South America, Africa, India, Australia, United States of America and the United Kingdom.

During the term of the two-year agreement, Cloudzen grants Emerge Gaming an exclusive licence to use GameCloud. Emerge Gaming will distribute the GameCloud into select territories with users paying a monthly subscription fee.

The strategic partnership provides Emerge Gaming with exposure to a wider range of mobile gamers to increase users on both platforms and solidify its revenue generating capabilities.

 
 
 
 
 
 
 
 
 
 
 
 
 

Game streaming, enjoying high end games on the go, both on Android and iOS, only on GameCloud https://goo.gl/ZYvjgi #gamecloudzen

Una publicación compartida por GameCloudzen (@gamecloudzen) el

p> Related story: Two Aussie companies go guns blazing into eSports, secure lucrative global deals

 

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Four ways businesses can use artificial intelligence to triumph in 2022
Partner Content
The last two years have delivered major disruption to the technology industry and broad...
PROS
Advertisement

Related Stories

Aussie Broadband launches $344m bid for Over The Wire

Aussie Broadband launches $344m bid for Over The Wire

One of Brisbane’s Top Companies Over The Wire (ASX: OTW) has ...

Afterpay postpones vote on takeover as Square takes on a new name

Afterpay postpones vote on takeover as Square takes on a new name

Delays from the Bank of Spain in approving a multi-billion takeover...

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths Group (ASX: WOW) has today thrown its hat in the ring to...

Crown opens up books to Blackstone, but says bid undervalues business

Crown opens up books to Blackstone, but says bid undervalues business

Crown Resorts (ASX: CWN) has today given suitor Blackstone access t...