LONDON, 19th of October, 2018 – Flexion Mobile Plc ( NASDAQ: FLEXM), the London-based company that helps game developers maximise the growth potential of their android games, today announced it is expanding its partnership with YOOZOO Games, one of the leading Chinese Entertainment companies.
After 12 months of successful collaboration based on the title Legacy of Discord, Flexion and YOOZOO Games have agreed to extend their co-publishing agreement and include YOOZOO Games’ recently launched title Rise of Ragnarok.
In 2017, the top grossing title Legacy of Discord from YOOZOO Games was launched by Flexion in channels such as Amazon App Store and Samsung Galaxy Apps. This was Flexion’s first big title from China and the performance has exceeded expectations. To date, Legacy of Discord has successively topped the top grossing charts in 57 countries and regions, reaching TOP 3 in 94 countries.
“We are proud of our achievements over the last 12 months and it has been a great experience working with YOOZOO Games, one of the leading Chinese companies in our space. They have really showed us and the market their ambitious plans by securing top western IP and it is an honour for us to be part of their expansion”, says Jens Lauritzson, CEO of Flexion Mobile Plc.
The Chinese mobile games market is the world’s largest market representing approximately 25% of the total revenues with local giants such as Netease and Tencent dominating the charts. As domestic Chinese competition and regulatory approvals have made life more difficult for developers many are now looking for ways to expand outside of China. This is where Flexion plays an important role and can help and assist them navigate the western distribution landscape.
“We are currently seeing strong demand from Chinese developers who are coming to western markets. It is very difficult for developers to stay focussed on making great games for global markets and at the same time become experts in regional marketing and distribution. That’s why we are busier than ever right now”, concludes Lauritzson.
Niklas Koresaar, CFO, Email: firstname.lastname@example.org. Tel: +44 207 351 5944