East Side Games Group Acquires Funko Pop! Blitz Mobile Game Assets from N3TWORK
East Side Games Group (TSX: EAGR) (OTC: EAGRF) (“ESGG” or the “Company“), Canada’s leading free-to-play mobile game group, announces that it has acquired all of N3TWORK Inc. (“N3TWORK“)’s interest in and to the Funko Pop! Blitz mobile game, and all assets used and related to the free-to-play mobile game on iOS and Android thereto.
Free-to-play mobile game rights with Funko, a leading pop culture lifestyle brand, and Universal Games and Digital Platforms are included in multi-year licensing agreements, enabling the opportunity for long-term growth.
Funko Pop! Blitz is a deeply engaging match-3 blitz character collection game featuring Funko Pop! versions of lovable characters across multiple iconic franchises in unique weekly events. The game currently features characters from a variety of franchises including, Universal Pictures and Amblin Entertainment’s Jurassic World and Back to the Future, NBC’s U.S. version of The Office, DreamWorks Animation’s Shrek and Trolls, as well as Masters of the Universe, and many more from pop culture’s biggest properties.
“Funko Pop! Blitz will add to our portfolio of premium IP games, expand our mobile game genre offerings, and allow us to implement our expertise in live ops as we scale the game into the future. We are excited to add this high-quality game that melds pop culture’s biggest entertainment franchises into a single experience and has already been very well received by players, especially among the massive fan base of over 30 million Funko collectors worldwide. The game, which utilizes an iconic global franchise, allows for increased scalability in line with our IP-first strategy,” said Darcy Taylor, Chief Executive Officer of East Side Games Group.
Pursuant to the acquisition terms, ESGG issued 419,389 common shares to a nominee of N3TWORK, among other consideration.
All ESGG common shares issuable to N3TWORK will be subject to a four month hold period pursuant to applicable securities laws.
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