Mighty Kingdom Limited has announced a collaboration with Google LLC for a future technology project. The company claims that this agreement is a significant step forward for Mighty Kingdom and demonstrates its leadership position in the Australian games industry. The agreement is a 6-month “work for hire” contract with the option to extend.
Mighty Kingdom has also clarified that, while the contract itself is material, the revenue under the contract term is not material in comparison to the company’s market capitalization, as stated in the company’s ASX release dated May 27, 2022.
Mighty Kingdom is said to entertain over 7 million players by creating game experiences in collaboration with some of the world’s most well-known brands, including LEGO, Disney, Mattel, Funcom, Moose Toys, Spin Master, and others, as well as developing its own original games.
Philip Mayes, managing director and CEO of Mighty Kingdom, commented, “We’re thrilled to be working with Google to pool our collective strengths and create something innovative. Making fun, accessible games has always been one of our key pillars, and we’re excited to see what will blossom from this partnership with Google.”