XR and Gaming development studio and IP owner with huge clients and Licences based in California

An immersive experience and game development studio and IP owner who are looking to explore a sale of their business. The company’s business model has 3 core drivers: 1) The development studio, which combines design, art and programming to produce high quality digital and XR experiences, typically as part of an activation campaign for a key IP owner such as Disney, Mattel, Snap etc. 2) The company has signed a licensing deal with one of the largest sporting associations in the US to produce multiple games on the roblox platform. This includes a revenue and royalty sharing model. This has been a catalyst for a number of promising conversations to offer the same, including a number of the other major sporting associations. 3) In 2023, the company pivoted its team to invest in producing its own IP titles and created a top 100 ranked game and generated 45+ million visits. The company has since created 5 other titles.

• Acquisition Considerations
• 1. Highly experienced team: The core team have worked on over 1000 titles together and have become industry leading. Key capabilities include: XR, Mobile, HTML-5 and Unity. The design, art and programming team have had numerous years together and now work seamlessly.
• 2. Access to most key IP owners: The company has strong working relationships with the likes of Disney, NFL, NBA, Dreamworks, Tetri, Warner Brothers, Mattel, Hasbro etc. A buyer who can offer services to these major IP owners will be a great fit for this acquisition.
• 3. Huge upside potential with publishing: The licensed IP and fully owned IP titles are at its infancy, having been part of the pivot in 2023. There is a huge opportunity to monetise and grow these assets.
• Management team ready to take the next challenge: The owner would like to remain within the business to see the company achieve new height with a partners company