According to a press release dated March 31 (today), 10TACLE STUDIOS
AG and Viacom Germany GmbH will launch their own multi-user 3D online world in 2008 by Joyce Schwarz, blogging at www.hollywood20202.blogs.com.
The new virtual world will use various brands and industrial property rights belonging tothe music television station MTV. the multi-user 3D online world will give Internet users access to, among other things, the classic content offered by the MTV Group, while offering a large number of online games.
It seems that this is a licensing agreement by this large European developer. "MTV is an extremely strong brand with an enormous reach spanning
579 million households in 179 countries. I am certain that the new online
world can rapidly achieve a similar status to Second Life. This project
gives our Company access to a new and extremely promising market segment,"said Michele Pes, CEO of 10TACLE STUDIOS AG.
$25 MILLIION EURO DEAL!
10TACLE STUDIOS AG expects total revenue of approx. EUR20 million from
its contract production of the project as a whole, and will set up
additional in-house resources to develop the multi-user 3D online world and
the games to be marketed via this platform. The Company is also expecting
significant revenue from the operation and marketing of the online world as
from 2008. Based on a conservative estimate of user numbers, 10TACLE
STUDIOS AG is forecasting a positive EBIT effect of around EUR5 million as
from 2008, which is expected to increase in the following years.
Contact: 10TACLE STUDIOS AG Frank Holz
Tel.: +49-6151-3973821
Fax: +49-6151-3973810
E-mail: [email protected]
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