Liquid Media Commercializes Four Retro Games, Inks New Publishing Deal With Throwback Entertainment

Rhea-AI Summary

Liquid Media Group Ltd. (Nasdaq: YVR) has successfully emulated four retro video games, marking a significant step in commercialization and monetization. The titles, including Kwirk and Dirt Trax FX, are being released on platforms like Xbox and Steam. Partnering with Throwback Entertainment for publishing and Polycade for distribution, Liquid aims to boost its presence in the growing retro gaming market. CFO Daniel Cruz emphasizes the potential for expanding their audience globally amid increasing demand for retro titles, stimulated by platforms like Nintendo's Switch Online.

Positive

• Completion of emulation for four retro video games, advancing commercialization.
• Partnership with Throwback Entertainment enhances distribution capabilities.
• Growing demand for retro gaming presents significant market opportunities.

Negative

• None.

VANCOUVER, British Columbia, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) has completed emulation of four retro video games, completing the commercialization process and advancing the monetization phase. The games -- Kwirk, Dirt Trax FX, Blast Works: Build, Trade, Destroy, and BlowOut -- are rolling out worldwide on popular PC platforms including Xbox and Steam. To make these titles rapidly available for gamers around the globe, Liquid has joined forces with Throwback Entertainment Inc. (“Throwback”) as publisher, expanding the existing relationship between the two companies. Liquid will also publish Dirt Trax FX via its partnership with Polycade.

“Demand for retro gaming continues to grow worldwide,” said Daniel Cruz, Chief Financial Officer of Liquid. “With the expansion of Switch Online by Nintendo, the Atari VCS and more hardware being produced than ever before, we believe Liquid’s new partnerships with Throwback and Polycade will help us sell and get our titles in front of more gamers than ever before.”

Polycade was invented by Tyler Bushnell, the son of Atari co-founder Nolan Bushnell, and enables retro-enthusiasts to play classic games like Liquid’s Dirt Trax FX in the 21st century.

Throwback has existing relationships with key distribution platforms such as Valve’s Steam, GOG.com (part of the CD Projekt Red group), Nintendo, Sony, Microsoft, Atari and many others.

“We are excited to be working with Liquid to further advance their retro gaming commercialization strategy. Retro is in our DNA and together we believe our companies can offer incredible gaming experiences and capture the imaginations of millions of people around the world,” said Andrew Cowling, IT and Distribution Manager for Throwback. “Fans can purchase BlowOut on Steam and Xbox today, and on other platforms in the coming weeks. The other titles are also scheduled to roll out on other PC platforms with those same Q4 timelines.”

“COVID-19 has pushed the expectation of timing for digital strategies to the present,” adds Cruz. “It takes time to reboot retro games, yet Liquid has successfully delivered titles for mobile devices as well as a diversified slate of PC platforms. We are excited to continue advancing our retro gaming portfolio and to be working with Throwback to unlock more sales from our retro library.”

About Throwback Entertainment

Canadian-based Throwback Entertainment Inc. develops, creates and publishes immersive and interactive gaming titles. Building on the acquisition of Acclaim Entertainment, Throwback is launching into development of both known and new intellectual properties. Notable franchises include Gladiator: Sword of Vengeance, Extreme-G Racing, Vexx, Iggy’s Reckin’ Balls, and Trickstyle and the re-launch of classic publishing label Mirrorsoft.

More info can be found online at www.throwbackentertainment.com and www.mirrorsoft.com or on Twitter at twitter.com/ThrowbackCorp.

About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is an entertainment company with a strong portfolio of content intellectual property (IP) spanning creative industries. Originating in Vancouver’s media and entertainment supercluster, Liquid’s mission is to empower storytellers worldwide to develop, produce and distribute content across channels and platforms.

Liquid Media’s leadership team includes Chairman Joshua Jackson (actor / producer, television and film), Chief Financial Officer Daniel Cruz (previously of Canaccord Financial), Managing Director Charlie Brezer (serial entrepreneur), Director Stephen Jackson (Northland Properties), and Director Nancy Basi (veteran Media + Entertainment expert), alongside Advisory Board members Wilson J. Tang (acclaimed digital entertainment veteran), Andrew Kaplan (capital markets strategist) and Michael Timothy Doyle (veteran interactive entertainment industry production executive). Each brings decades of industry expertise and significant passion to advance the Company’s mission.

Additional information is available at www.LiquidMediaGroup.co.

Further information:

Daniel Cruz
Liquid Media Group Ltd.
+1 (416) 489-0092
pg@liquidmediagroup.co

Media requests:

Adam Bello
Media & Analyst Relations Manager
Primoris Group Inc.
+1 (416) 489-0092 x 226
media@primorisgroup.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: developments related to the COVID-19 pandemic, regulatory actions, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

FAQ

What retro video games did Liquid Media Group Ltd. emulate?

Liquid Media Group Ltd. has emulated four retro video games: Kwirk, Dirt Trax FX, Blast Works: Build, Trade, Destroy, and BlowOut.

When will the emulated games be available?

The games are rolling out worldwide on platforms like Xbox and Steam, with additional titles scheduled for Q4.

Who is publishing Liquid Media's retro games?

Liquid Media has partnered with Throwback Entertainment as the publisher for its retro games.

What platforms will the retro games be available on?

The retro games will be available on popular PC platforms including Xbox and Steam.

What is the significance of the partnership with Polycade?

The partnership with Polycade aims to further distribute Liquid's retro games to a larger audience, leveraging Polycade's platform for retro gaming.