One of the world’s most exciting video game studios is partnering up with Warner Brothers to develop brand new games.

‍What’s happening:‍

  • Australia’s largest publicly traded video game developer Playside Studios (ASX: PLY) has entered into a new partnership with Warner Brothers to license some of their intellectual property for the creation of new games
  • The partnership will allow Playside to use undisclosed intellectual property from Warner Brothers to develop multiple new games

Going deeper:‍

  • Playside already has existing partnerships with Disney, Pixar, and Nickelodeon to integrate their intellectual property for gaming titles
  • Previously, Playside was notably hired by Meta Platforms (NASDAQ: META) to help develop prototypes for Meta’s virtual reality based game Horizon Worlds

By the numbers:‍

  • Playside Studios has developed more than 50 games across mobile, virtual reality and augmented reality
  • Playside’s games have been downloaded more than 35 million times

Market reaction:‍

  • Shares of Playside are up more than +10% since the announcement