ReportPCF Group
Raport Bieżący Nr 38/2021: Nieosiągnięcie przez PCF Group S.A. Tantiem ze Sprzedaży Gry „Outriders”
1 pages~1 min full read
PCF Group S.A. received no royalty payments from Square Enix Limited for the game 'Outriders' for the period of 1 April 2021 through 30 June 2021.
The contractual deadline for royalty payments for the second quarter of 2021 expired on 14 August 2021 without any funds being transferred to PCF Group.
PCF Group concluded that Square Enix has no current obligation to pay royalties, as the publisher has not yet recovered the specified production, distribution, and promotion costs required by the 16 February 2016 agreement.
As of 16 August 2021, PCF Group has not received any sales figures, revenue data, or cost information from Square Enix regarding the performance of 'Outriders'.
The lack of royalty payments and financial transparency prompted PCF Group to issue a formal notification under Article 17(1) of the MAR regulation.
The report, dated 16 August 2021, explains that PCF Group S.A. has not received any royalty payments from Square Enix Limited for the game “Outriders.” According to the production‑and‑publishing agreement signed on 16 February 2016, royalties are payable only after the publisher recovers a specified level of production, distribution and promotion costs from net sales. The agreement also sets a 45‑day payment window following the end of each calendar quarter. That deadline expired on 14 August 2021, and PCF Group’s first working day thereafter yielded no payment. Consequently, the company concludes that the publisher has no obligation to pay royalties for the period covering 1 April 2021 through 30 June 2021. In addition, PCF Group reports that it has not received any sales figures, revenue data or cost information related to “Outriders” from the publisher up to the report’s date. The document serves as a formal notification under Article 17(1) of the MAR regulation, outlining the company’s position on unpaid royalties and lack of transparency from the publisher. No further financial or operational details are provided, and the report focuses solely on the contractual dispute over royalty payments for the specified quarter.
