Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”)
(Nasdaq: YVR) is pleased to announce that it has selected ‘Romans
from Mars’ as the first title from its library of games for
adaptation into an immersive virtual reality (VR) experience
through its partnership with YDX Innovation Corp. (TSX-V: YDX; OTC:
YDRMF; FSE: A2PB03) (“YDX”).
Virtual and augmented reality (VR/AR) are two of
the fastest growing technologies in the gaming space, with
projected market value rising from USD$16.8 billion in 2019 to
USD$160 billion by 2023, according to Statista. With games claiming
a 48% share of the VR market in 2018 (Statista), and location-based
entertainment (LBE) projected to account for 11% by 2023, Liquid
has been working to identify owned intellectual property (IP) that
can best harness this rapidly growing opportunity and drive value
to its shareholders.
As announced in May 2019, Liquid plans to
leverage YDX technology to bring classic and future games to Arkave
VR in Canada, the United States and Brazil as well as Game On
Festival experiences, allowing gamers to play their favorite titles
in a whole new way. YDX’s Arkave VR offers free-roaming,
multi-player experiences where gamers can walk around inside a
virtual world. It can be installed in family entertainment centers,
malls, theme parks and other experiential entertainment
destinations. YDX has 14 Arkave Virtual Reality (VR) Arenas
(“Arkave VR”) in 12 locations across Canada, the United States, the
United Kingdom and Brazil, and recently announced a licensing
agreement with The Walt Disney Company Brazil to develop a new
Arkave VR Arena experience featuring Disney’s iconic intellectual
property, Mickey Mouse.
“The projected market growth taking place in VR
represents a significant additional opportunity for Liquid Media to
monetize its library of games, including its portfolio of retro
classics,” said Daniel Cruz, CFO and a Director of Liquid. “We’re
thrilled to select Romans from Mars as the first title for
adaptation into an immersive VR experience, and incredibly excited
to be moving forward on this title with our partners at YDX.
Delivering an unforgettable VR experience to gaming enthusiasts
around the globe will help to support our mission of driving IP
across platforms, while delivering incredible value to Liquid
shareholders.”
According to Mordor Intelligence, players will
spend USD$4.5 billion on immersive gaming by 2020, as it is 20
times more enjoyable and convenient than traditional
alternatives.
“We’re very proud of our partnership with
Liquid, and delighted that Romans from Mars will be included in our
exclusive slate of games across our network of retail locations,”
said Daniel Japiassu, CEO of YDX. “Our team has enjoyed
playing Romans from Mars since it launched in 2013, and I’m
confident our audience will love experiencing this game like never
before.”
About YDX Innovation
YDX Innovation Corp. (TSX-V: YDX) is a
technology company that develops products and services and is an
expert in immersive technologies like augmented and virtual
reality, e-sports events and interactive exhibitions.
The YDX family of companies include:
Arkave VR Arena -
www.arkavevr.com - a gaming platform that brings the most immersive
virtual reality experience to location-based venues with a highly
scalable business model.
Arkave VR has a flagship store in Brazil, two
arenas in the United States, a flagship store being built in Canada
and is being sold through a network of distributors that will focus
on the thousands of family entertainment centers throughout North
America, in constant search for innovative attractions.
Game On Festival -
www.gameonfestival.com - is a new event under development by YDX
that combines e-sports tournaments with a large interactive
exhibition about the videogame industry and its history.
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an
entertainment company with a strong portfolio of content 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 Board
Member Nancy Basi (Executive Director, Vancouver
Media & Entertainment Centre). 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
CruzLiquid Media Group Ltd.+1 (416)
489-0092pg@liquidmediagroup.co
Media requests:Adam BelloMedia
& Analyst Relations ManagerPrimoris Group Inc.+1 (416) 489-0092
x 226media@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: 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.
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