One of the world’s most exciting video game studios is partnering up with Warner Brothers to develop brand new games.

‍What’s happening:‍

• Australia’s largest publicly traded video game developer Playside Studios (ASX: PLY) has entered into a new partnership with Warner Brothers to license some of their intellectual property for the creation of new games
  
• The partnership will allow Playside to use undisclosed intellectual property from Warner Brothers to develop multiple new games
  

Going deeper:‍

• Playside already has existing partnerships with Disney, Pixar, and Nickelodeon to integrate their intellectual property for gaming titles
  
• Previously, Playside was notably hired by Meta Platforms (NASDAQ: META) to help develop prototypes for Meta’s virtual reality based game Horizon Worlds
  

By the numbers:‍

• Playside Studios has developed more than 50 games across mobile, virtual reality and augmented reality
  
• Playside’s games have been downloaded more than 35 million times
  

Market reaction:‍

• Shares of Playside are up more than +10% since the announcement