LegalPlayWay
Current Report No. 15/2016: Update on Kickstarter Campaign for Agony
14 Nov 20161 pages~1 min full read
PlayWay S.A. successfully reached the $66,666 primary funding goal for the survival horror game Agony on November 14, 2016.
The Kickstarter campaign launched on October 31, 2016, achieving its baseline funding target in approximately two weeks.
Development of the title is managed by Madmind Studio, a Bydgoszcz-based subsidiary of PlayWay S.A.
The crowdfunding campaign will remain open for additional contributions and stretch goals until December 10, 2016.
The project's early financial success is being used as an indicator of market viability for the horror genre and the efficacy of the studio's promotional strategy.
Final capital totals will be reported following the conclusion of the campaign in compliance with market abuse regulations regarding the valuation of the publicly traded parent company.
PlayWay S.A. has announced the successful achievement of the primary funding objective for the survival horror title Agony on the Kickstarter crowdfunding platform. As of November 14, 2016, the project reached its baseline financial goal of 66,666 USD. This milestone was accomplished approximately two weeks after the campaign's launch on October 31, 2016, demonstrating significant early interest from the global gaming community.
The development of the title is being handled by Madmind Studio, a subsidiary of PlayWay based in Bydgoszcz, Poland. While the initial funding target has been met, the campaign is scheduled to remain active until December 10, 2016, providing an opportunity for additional stretch goals or expanded development resources. This financial progress highlights the market viability of the project within the horror genre and reflects the effectiveness of the studio's promotional strategy during the initial phase of the fundraising period.
The disclosure serves as a formal update to previous corporate communications regarding the project's crowdfunding trajectory. Final results and the total capital raised through the platform will be disclosed in a subsequent report following the official conclusion of the campaign. This information is provided in accordance with market abuse regulations concerning the disclosure of inside information that could impact the valuation of the publicly traded parent company.
