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.

According to "Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”": 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.

According to "Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”": 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.

According to "Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”": 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.

According to "Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”": 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.

According to "Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”": 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.

According to "Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”": 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.

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Key Insights

Raport bieżący nr 7/2024: Rozliczenie kosztów produkcji gry „Bulletstorm VR”

PCF Group~2 min full read

01
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.
02
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.
03
Incuvo S.A. has forfeited all future royalty entitlements from 'Bulletstorm VR' sales as part of the contract termination.
04
PCF Group S.A. has assumed full responsibility for the game’s commercial distribution and final product completion.
05
PCF Group S.A. retains the right to utilize Incuvo S.A.’s resources for remaining development tasks without providing further financial compensation.
06
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.

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