LegalPCF Group
Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”
1 Mar 20241 pages~2 min full read
PCF Group S.A. and its subsidiary Incuvo S.A. mutually terminated their production and publishing agreement for 'Bulletstorm VR' effective 19 January 2024, citing unsatisfactory market reception.
PCF Group S.A. invoiced Incuvo S.A. for 871,157.59 PLN to settle final development and quality-assurance costs incurred up to the 18 January 2024 launch.
Incuvo S.A. has forfeited all future royalty entitlements from 'Bulletstorm VR' sales as part of the contract termination.
PCF Group S.A. has assumed full responsibility for the game’s commercial distribution and final product completion.
PCF Group S.A. retains the right to utilize Incuvo S.A.’s resources for remaining development tasks without providing further financial compensation.
The settlement finalized on 15 March 2024 concludes the fiscal cycle for the project, consolidating all outstanding costs and establishing PCF’s exclusive control over the title's post-release lifecycle.
The settlement report records the final accounting and contractual resolution between PCF Group S.A., headquartered in Warsaw, and its subsidiary Incuvo S.A. of Katowice concerning the development of the virtual‑reality title “Bulletstorm VR.” It confirms that, as of 15 March 2024, the parties concluded the remaining production milestones that spanned the period leading up to the game’s launch on 18 January 2024, and that PCF, acting as publisher, invoiced Incuvo for development and quality‑assurance services in the amount of 871 157,59 złoty.
The agreement also stipulates a mutual termination of the production‑publishing contract effective 19 January 2024, driven by an unsatisfactory market reception of the title. Under the termination terms, Incuvo forfeits any entitlement to royalties from subsequent sales, while PCF assumes full responsibility for completing the final product and overseeing its commercial distribution. The report notes that PCF may still draw on Incuvo’s resources for any remaining development work, though no further financial compensation is prescribed.
Reference is made to three earlier interim reports—numbers 46/2021, 42/2023 and 56/2023—that documented the project’s progress and financial status. The current settlement therefore closes the fiscal cycle for the “Bulletstorm VR” project, consolidating all outstanding developer costs into a single charge and establishing PCF’s exclusive control over the game’s post‑release lifecycle. The scope is limited to the Polish corporate entities involved, covering activities from the initial milestones through the January 2024 launch and subsequent termination.
