Agreement in principle to develop film and TV

RNS Number : 9204J

Games Workshop Group PLC

16 December 2022

 

16 December 2022

Games Workshop Group PLC

("Games Workshop" or the "Company")

Agreement in principle to develop film and television productions

Games Workshop is pleased to announce that it has reached an agreement in principle with Amazon Content Services LLC, a subsidiary of Amazon.com, Inc., ("Amazon") for Amazon to develop Games Workshop's intellectual property into film and television productions and for Games Workshop to grant Amazon associated merchandising rights.

In advance of contracts being entered into, Amazon will be commencing certain development activities (such as holding preliminary discussions with writers) in order to facilitate the project. It is intended that rights will initially be granted to develop the Warhammer 40,000 universe.

Whilst the parties have reached agreement on material commercial terms, the project is wholly dependent on and subject to contracts being agreed and entered into, which the parties are working towards.

The Company makes no change to its forecast for the period ended May 2023.

A further announcement will be made in due course.

For further information, please contact:

Games Workshop Group PLC
Kevin Rountree, CEO		[e-mail]
Rachel Tongue, CFO
Investor relations website	http://investor.games-workshop.com
General website	www.games-workshop.com

This announcement contains inside information for the purposes of the Market Abuse Regulation (EU) no. 596/2014 (including as it forms part of the laws of England and Wales by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement, such information will no longer constitute inside information. Ross Matthews, the Company's General Counsel and Company Secretary, is the person responsible for making the notification for the purposes of Article 17 of MAR.

This announcement contains certain forward-looking statements with respect to certain of the Company's current expectations and projections about future events. These statements reflect the directors' beliefs and expectations and involve a number of risks, uncertainties and assumptions which may occur in the future, are beyond the Company's control and could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. The information contained in this announcement is subject to change without notice and, except as required by applicable law, the Company does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it, nor do they intend to. As a result of these risks, uncertainties and assumptions, the recipient should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise.

 

END

 

 

AGRLELLFLLLLFBV