- PlaySide Studios (PLY) expands its work-for-hire agreement with Meta Platforms for a further six months
- The initial work-for-hire agreement with Meta involved the creation and development of prototype explorations and games services on Meta’s Horizon Worlds platform
- The contract now extends to December 2023, with an expansion of the scope of work performed under the agreement to take immediate effect
- PlaySide CEO Gerry Sakkas says this third expansion of the contract reflects PLY’s ability to continue to add value as a trusted development partner in the VR space
- PlaySide Studios ends the day 5.13 per cent in the green to close at 61.5 cents
PlaySide Studios (PLY) has expanded its work-for-hire agreement with Meta Platforms for a further six months.
The initial work-for-hire agreement with Meta involved the conceptualisation, creation and development of prototype explorations and games services on Meta’s Horizon Worlds platform.
The contract now extends to December 2023, with an expansion of the scope of work performed under the agreement to take immediate effect.
“This is the third extension and expansion of our work-for-hire agreement with Meta since our IPO, which we believe reflects our ability to continue to add value as a trusted development partner in the VR space,” PlaySide CEO Gerry Sakkas said.
“With Meta Quest 2 helping to bring VR into the mainstream, and over US$1.5 billion spent on games and apps in the Quest Store, we look forward to ongoing collaboration with Meta as it remains at the frontier of this growing consumer trend.”
PlaySide Studios ended the day 5.13 per cent in the green to close at 61.5 cents.