Nitro Games: Looks like the Beginning of a Beautiful Friendship
Research Note
2020-03-27
12:11
A week ago, Nitro Games announced a new agreement with Avalanche Studios to perform live operations services and publishing an additional 12 months (May 2020-April 2021). The order value is around EUR 1.1 million. It also contains a royalty-opportunity. We expect the game is based on a very profitable IP and therefore have good chances to generate royalty-income for Nitro Games the years to come.
TO
KL
Tomas Otterbeck
Kristoffer Lindström
Disclosures and disclaimers