Epic Games paid 505 Games’ parent organization a huge sum of income for exclusivity rights to Remedy’s Handle.
The sum of €9.49 million was paid out to Digital Bros, the parent organization of publisher 505 Games, for Handle according to a current economic report. That is very a sum of income for distribution rights.
News of the payout was reported by Daniel Ahmad, senior analyst at Niko Partners.
Digital Bros, parent organization of 505 Games, has disclosed that they received a payment of 9.49 million euro from Epic Games for Handle.
Which I would think about is for exclusivity.
55% of that payment going to 505 Games.
Report right here: https://t.co/ocmbIQeOfJ
— Daniel Ahmad (@ZhugeEX) September 20, 2019
The €9.49 ($10.44 million) sum was listed as “revenues generated on the Epic Games marketplace relate to the recognition of revenues deriving from the Computer version of the video game Handle,” reads the document (Google translate).
“The revenues deriving from the private pc version of the video game Handle have been important. The game in distinctive versions, for private computer systems and consoles, was launched on the 27th August 2019, but the contractual structure with the digital marketplace that necessary the exclusivity of the video game of the private pc version has permitted the recognition of revenues currently beginning from this agreement.”
In other words, the organization is acknowledging the income derived from the deal as income. This is not to be confused with income acquired by means of sales of the game.
Handle is also accessible on Xbox 1 and PlayStation four. Unit sales or ship figures have not been disclosed for any version of the game as of press time.