StockMarketWire.com - Frontier Developments has licensed rights from a major Hollywood studio to develop its third game franchise based on an enduring movie franchise of global renown.

Frontier has recently completed its transition to multi-franchise self-publishing, having successfully launched Elite Dangerous and Planet Coaster.

In addition to strengthening and growing these existing franchises, an important part of the growth strategy for the group is creating additional successful franchises that continue to leverage its expertise.

The company has previously stated it expects its third franchise to start generating revenue during 2018.

Further details of the new franchise will be revealed later during 2017.

Chief executive David Braben said: "The third franchise is an important next step in our growth. We have chosen to license this particular IP to work with as our third franchise because we believe we can create something very special - it is creatively stimulating, already has a high worldwide profile and is a perfect match for our expertise.

"We look forward to revealing more details later this year."




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