Glu to Create James Bond Game with EON Productions and MGM Interactive
First free-to-play mobile game in the history of the Bond franchise
San Francisco, Calif. - April 8, 2014 - Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced that the company will partner with EON Productions and MGM Interactive to create a new free-to-play mobile game based on the James Bond film franchise. Scheduled for initial release in summer 2015, the game is inspired by the franchise's rich history, themes, characters, and narratives. Glu's Bond game will be available to mobile audiences worldwide across all major mobile platforms.
"Bond offers a deep catalogue of thematic inspiration for gaming. We are honored by the opportunity to be the first to bring such a storied franchise to free-to-play mobile gaming," said Niccolo de Masi, Glu CEO. "We look forward to delivering a never before seen gameplay experience on mobile for the passionate worldwide community of Bond fans."
"Glu has an established track record producing high-fidelity mobile games and we are confident in the company's ability to deliver an experience worthy of the Bond name," said Gary Barber, MGM Chairman and Chief Executive Officer.
Beginning as a character in Ian Fleming's series of novels and short-story collections, the James Bond film franchise has captured the attention of audiences worldwide since the release of "Dr. No" in 1962. Together, EON Productions and MGM have built James Bond into one of the most successful film franchises with the twenty-fourth film in the series due in November 2015.
"We look forward to collaborating with Glu to offer fans of the Bond franchise a completely innovative experience on mobile devices worldwide," said David G. Wilson, EON Vice President of Global Business Strategy.
The commercial release by Glu of its mobile game based on the James Bond film franchise will trigger the vesting of 1,000,000 shares subject to the warrant that Glu issued to MGM Interactive in July 2013. This warrant has an exercise price of $3.00 per share and is exercisable only for cash.
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of free-to-play games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as CONTRACT KILLER, DEER HUNTER, ETERNITY WARRIORS, and FRONTLINE COMMANDO on a wide range of platforms including iOS, Android, Windows Phone, and MAC OS. Glu's unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with a major office outside Seattle, and international locations in Canada, China, India, Japan, Korea, and Russia. Consumers can find high-quality entertainment wherever they see the 'g' character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at Facebook.com/glumobile. CONTRACT KILLER, DEER HUNTER, ETERNITY WARRIORS, FRONTLINE COMMANDO, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc.
Metro-Goldwyn-Mayer (MGM) is celebrating 90 years as a leader in the entertainment business and as an innovator in the industry. Today, MGM is an entertainment company focused on the production and distribution of film and television content globally. The company owns one of the world's deepest libraries of premium film and television content. In addition, MGM has investments in domestic and international television channels. For more information, visit www.mgm.com.
About Albert R. Broccoli's EON Productions
EON Productions Limited and Danjaq LLC are wholly owned and controlled by the Broccoli/Wilson family. Danjaq is the US based company that co-owns, with MGM, the copyright in the existing James Bond films and controls the right to produce future James Bond films as well as all worldwide merchandising. EON Productions, an affiliate of Danjaq, is the UK based production company which makes the James Bond films. The 007 franchise is the longest running in film history with twenty-three films produced since 1962. Michael G Wilson and Barbara Broccoli succeeded Albert R 'Cubby' Broccoli and have produced some of the most successful Bond films ever including CASINO ROYALE, QUANTUM OF SOLACE and SKYFALL.
Cautions Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" related to the business of Glu Mobile Inc., including statements regarding the expected launch date of the game Glu is developing based on the James Bond film franchise and Glu's ability to develop a unique and completely innovative gameplay experience. Such forward-looking statements involve known and unknown risks and uncertainties, including, but not limited to, the risk that we do not realize the expected benefits from our agreement with EON Productions and MGM Interactive; the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize a sufficient return on our investment with respect to our efforts to develop free-to-play games for smartphones, tablets and next-generation platforms; and the risk of product delays. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the SEC. Glu is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Glu Mobile Inc.