ASX Tech Stocks: Playside Studios nabs game development deal with Netflix

PlaySide Studios to develop Dumb Ways to Die mobile game for Netflix
K2F nabs three-year contract with Anglo American for its mineral resource governance solution
Nitro knocks back Potentia takeover offer on better Alludo bid of $2.15 per share

Game developer PlaySide Studios (ASX:PLY) has signed a game licence and publishing agreement with Netflix to bring its Dumb Ways to Die intellectual property to the Netflix Games service via the development of Dumb Ways to Survive, a survival-based interactive entertainment product for mobile.

It’s another big name deal for the company, which last month signed a game development agreement with Meta to create a mixed reality interactive software product to be playable on its Quest suite of virtual reality devices.

PlaySide will receive a licence fee, a portion of which will be paid out over development of the game – and will provide live support after launch.

“Since acquiring the Dumb Ways franchise in October 2021, PlaySide immediately began reengaging with fans and looking for the right opportunities to enhance the brand and deliver new content to a growing audience,” PLY Dumb Ways GM Ben Kelly said.

“We are thrilled that Netflix sees value in this IP and we are excited to join forces with them in bringing Dumb Ways to Survive to its subscriber base.”

Development of the game is expected to commence in January 2023.

PLY share price today:

Other tech stocks with news today:

K2FLY (ASX:K2F)

Anglo American has engaged K2fly for its mineral resource governance reporting solution across all the mining giant’s commodities and operating regions.

K2fly Resource Disclosure, a Mineral Inventory Data & Reporting Solution, is an off-the-shelf cloud based solution that allows companies to accurately adhere to all mine to mill reporting requirements for all stock exchanges.

It enables clients to capture the raw resource and reserve data and report to multiple stock exchanges (including the ASX, NYSE, LSX, TSX and JSE) and reporting codes (JORC, NI-43101, SK-1300, SAMREC etc.) to remain compliant.

“We are pleased to collaborate with Anglo American to deliver our next generation cloud-first Resource Governance platform,” MD Nic Pollock says.

“Anglo American join a distinguished group of 18 global clients, including Rio Tinto, Newmont and South 32 that have moved to the world’s only commercial off-the-shelf solution for mineral resource governance and disclosure.”

The three-year contract has a Total Contract Value (TCV) of $1.44m and Annual Recurring Revenue (ARR) of $375k.

NITRO SOFTWARE (ASX:NTO)

Nitro has amended the implementation deed with Cascade Parent Limited, trading as Alludo, to acquire 100% of Nitro at $2.15 cash per share.

North American-headquartered Alludo is a provider of virtualisation, productivity and professional-calibre graphic solutions for digital remote workforces.

The announcement comes after the company knocked back a bid by Potentia Capital Management last month in favour of exploring the Alludo offer – and then Polentia came back with a bigger bid of $2.00 on Friday and Alludo trumped that today by another $0.15.

Nitro said its board determined the revised Alludo transaction was superior to the revised Potentia takeover Offer, given it represented a consideration premium of A$0.15 (7.5%) per Nitro Share.

STREAMPLAY STUDIO (ASX:SP8)

The esports gaming and telco service provider has completed the acquisition of the VAS business of Mobimedia – and expanded its footprint into the Pacific Islands.

Mobimedia boast revenue-generating services focussed on the Pacific Islands region via agreements with a number of Mobile Network Operators (MNOs) including mobile games content, SMS games, On-Deck Portal delivering localised content and the popular mJams music and video streaming application.

Streamplay says it’s poised to capitalise on these MNO relationships and plans to launch its existing products into these new jurisdictions.

And Mobimedia’s VAS services will be integrated and launched into Streamplay’s existing business in South Africa with expansion across Africa via Streamplay’s relationship with MTN Group.