(24 October 2024)
Netgem acquires Gamestream’s Cloud Gaming activities
Takeover of Gamestream’s assets
The takeover of Gamestream’s Cloud Gaming activities allows Netgem to anchor this strategy by moving from the status of distributor-integrator to that of operator of the gaming offer; with this transaction, Netgem acquires all of Gamestream’s assets (customer contracts, video game publisher contracts, technology, brands, etc.) and a team of specialists with competencies in all aspects of the video games market.
This takeover will allow Netgem to deploy even more widely its immersive TV content offers, thanks to a proprietary Cloud Gaming solution already tested in real conditions with Tier 1 telecom operators in Europe, Asia and Africa-Middle East.
=> Netgem immediately expands its footprint in emerging markets, with established commercial relationships with several leading telecom operators such as JIO in India, Telkom Indonesia (GameQoo), ETISALAT (UAE) or Sonatel (part of Orange group, Senegal).
It is precisely in these emerging markets that Cloud Gaming makes it possible to considerably expand the distribution of video games, through streaming solutions, due to the cost of consoles or gaming PCs relative to purchasing power. Netgem takes over the partnerships with publishers negotiated by Gamestream and thus increases its content aggregation scope with numerous video games.
This transaction, effective as at 24 October 2024, is carried out by way of a purchase of assets, with Gamestream's liabilities remaining with the collective procedure. It will help consolidate the growth of recurring revenues and improve the Group's margins. Without material impact on the 2024 results, it will have an accretive impact on the accounts from the 2025 financial year with the contribution of the distribution of games.
About GAMESTREAM (14th March 2024) :
"... currently boasting nearly 500,000 subscribers, recently launched a service on PC, TV and mobile with JioGames, a video game leader in India, adding a potential of 1.4 billion additional players on the platform."
Interview @ Ivan Lebeau, Gamestream president - Mar 14, 2024:https://x.com/bfmbusiness/status/1768160772222333051
About NETGEM (24 October 2024):
Netgem supports the audiovisual sector in its digital transformation and asserts itself as an essential partner for telecom operators and media groups to develop new immersive entertainment solutions. Netgem is the publisher of the digital entertainment service netgem.tv, distributed, through a network of fixed and mobile telecom operators in Europe, under the operator's brand (B2B2C model) to more than 700,000 subscribers households.
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