Glu Mobile/Sony Pictures TV deal
Latter's games to be distributed by former in Europe, the Middle East, Africa, Latin America, Canada, Australia and New Zealand.
FOR IMMEDIATE RELEASE
San Mateo, Calif. – June 18, 2008 – Glu Mobile Inc. (Nasdaq: GLUU), a leading global publisher of mobile games, today announced a strategic distribution agreement with Sony Pictures Television International (SPTI). The agreement allows Glu to distribute a number of existing and new mobile games on behalf of SPTI in Europe, the Middle East, Africa, Latin America, Canada, Australia and New Zealand.
Commenting on the agreement, Mike Wald, senior vice president, pay television and new media distribution, SPTI said: “This agreement with Glu is strategically important to us as we build our digital distribution business. Mobile content, including mobile games, is a core part of our business and we’re delighted to leverage Glu’s distribution expertise to extend the reach of our titles to mobile carriers around the world.”
The first title to be distributed under the new agreement includes the mobile game of the forthcoming movie, Hancock. The game was produced by SPTI and will launch in June. Glu will also distribute the new versions of the mobile hits, Wheel of Fortune and Jeopardy, also produced by Sony. SPTI will continue to manage the development and production of SPTI’s slate of mobile games in line with signature Sony Pictures franchises.
“We’re proud to partner with SPTI on this extensive distribution deal,” said Greg Ballard, president and chief executive officer, Glu. “SPTI offers world class brands and top-quality mobile games. This partnership gives SPTI the global reach that its properties deserve and solidifies Glu’s position as the independent partner of choice for companies with global IP.”
For more information, visit www.glu.com.
About Glu Mobile
Glu (NASDAQ:GLUU) is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah's, Hasbro, Warner Bros., Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Founded in 2001, Glu is based in San Mateo, Calif. and has offices in London, France, Germany, Spain, Italy, Sweden, Poland, Russia, Hong Kong, China, Brazil, Chile, Canada and San Clemente, Calif. Consumers can find high-quality, fresh entertainment created exclusively for their mobile phones wherever they see the 'g' character logo or at www.glu.com.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including statements related to the anticipated release date of the first mobile games under the new partnership. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Investors should consider important risk factors, which include the risk that the mobile games described in this news release may not be accepted by consumers as anticipated, the partnership between Glu and Sony may not be as successful as anticipated, and other risks detailed under the caption “Risk Factors” in Glu’s most recent report on Form 10-Q filed with the Securities and Exchange Commission under Rule 424(b) (4) on May 15, 2008. Glu is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
# # #
GLU MOBILE, GLU, SUPER K.O. BOXING!, STRANDED, BRAIN GENIUS and the 'g' character logo are trademarks of Glu Mobile.
Press Contact:
Dean Driscoll
Indigo Pearl
+44 (0) 20 8 964 4545
Dean@indigopearl.com