Legal

Current Report No. 19/2024

10 September 20241 pages284 words

Summary

The announcement confirms that PCF Group S.A., operating under the People Can Fly brand, entered into a Master Services Agreement with Krafton Inc. of Seoul on 10 September 2024 to develop and publish a new gameplay mode, code‑named Project Echo, for an existing Krafton title. The agreement adopts a work‑for‑hire structure, whereby PCF Group acts as a contracted developer and receives a pre‑negotiated fee from Krafton for the services rendered. The contract is framed as a broad, multi‑year arrangement, with specific deliverables, production timelines, and remuneration details to be defined in subsequent Statements of Work. The terms mirror standard production‑publishing agreements for similar projects, indicating no extraordinary clauses or deviations from industry norms. Geographically, the partnership links a Polish development studio with a South Korean publisher, reflecting a cross‑regional collaboration focused on a single product enhancement rather than a broader market rollout. The timing aligns with People Can Fly’s strategic update issued on 31 January 2023, which emphasized pursuing attractive work‑for‑hire opportunities with reputable partners. Overall, the agreement underscores PCF Group’s commitment to leveraging its development capabilities within a structured, fee‑based model, while reinforcing Krafton’s strategy of expanding existing game ecosystems through external studio contributions.

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Current Report No. 19/2024

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