VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) is happy to announce that it has decided on ‘Romans from Mars’ as the primary identify from its library of games for adaptation into an immersive virtual reality (VR) revel in thru its partnership with YDX Innovation Corp. (TSX-V: YDX; OTC: YDRMF; FSE: A2PB03) (“YDX”).
Virtual and augmented reality (VR/AR) are two of the quickest rising technologies within the gaming house, with projected marketplace worth emerging from USD$16.eight billion in 2019 to USD$160 billion by means of 2023, consistent with Statista. With games claiming a 48% proportion of the VR marketplace in 2018 (Statista), and location-based leisure (LBE) projected to account for 11% by means of 2023, Liquid has been operating to spot owned highbrow belongings (IP) that may easiest harness this all of a sudden rising alternative and pressure worth to its shareholders.
As introduced in May 2019, Liquid plans to leverage YDX technology to convey vintage and long term games to Arkave VR in Canada, the United States and Brazil in addition to Game On Festival reports, permitting avid gamers to play their favourite titles in a complete new means. YDX’s Arkave VR provides free-roaming, multi-player reports the place avid gamers can stroll round inside of a virtual international. It may also be put in in circle of relatives leisure facilities, department stores, theme parks and different experiential leisure locations. YDX has 14 Arkave Virtual Reality (VR) Arenas (“Arkave VR”) in 12 places across Canada, the United States, the United Kingdom and Brazil, and lately introduced a licensing settlement with The Walt Disney Company Brazil to broaden a brand new Arkave VR Arena revel in that includes Disney’s iconic highbrow belongings, Mickey Mouse.
“The projected market growth taking place in VR represents a significant additional opportunity for Liquid Media to monetize its library of games, including its portfolio of retro classics,” mentioned Daniel Cruz, CFO and a Director of Liquid. “We’re thrilled to select Romans from Mars as the first title for adaptation into an immersive VR experience, and incredibly excited to be moving forward on this title with our partners at YDX. Delivering an unforgettable VR experience to gaming enthusiasts around the globe will help to support our mission of driving IP across platforms, while delivering incredible value to Liquid shareholders.”
According to Mordor Intelligence, players will spend USD$four.five billion on immersive gaming by means of 2020, as it’s 20 occasions extra relaxing and handy than conventional possible choices.
“We’re very proud of our partnership with Liquid, and delighted that Romans from Mars will be included in our exclusive slate of games across our network of retail locations,” mentioned Daniel Japiassu, CEO of YDX. “Our team has enjoyed playing Romans from Mars since it launched in 2013, and I’m confident our audience will love experiencing this game like never before.”
About YDX Innovation
YDX Innovation Corp. (TSX-V: YDX) is a technology company that develops services and products and is knowledgeable in immersive technologies like augmented and virtual reality, e-sports occasions and interactive exhibitions.
The YDX circle of relatives of companies come with:
Arkave VR Arena – www.arkavevr.com – a gaming platform that brings probably the most immersive virtual reality revel in to location-based venues with a extremely scalable business type.
Arkave VR has a flagship retailer in Brazil, two arenas within the United States, a flagship retailer being inbuilt Canada and is being offered thru a community of vendors that may focal point at the hundreds of circle of relatives leisure facilities all the way through North America, in consistent seek for leading edge sights.
Game On Festival – www.gameonfestival.com – is a brand new match underneath construction by means of YDX that mixes e-sports tournaments with a big interactive exhibition concerning the videogame business and its historical past.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an leisure company with a robust portfolio of content material IP spanning inventive industries. Originating in Vancouver’s media and leisure supercluster, Liquid’s undertaking is to empower storytellers international to broaden, produce and distribute content material across channels and platforms.
Liquid Media’s management group contains Chairman Joshua Jackson (actor / manufacturer, tv and movie), Chief Financial Officer Daniel Cruz (in the past of Canaccord Financial), Managing Director Charlie Brezer (serial entrepreneur), Director Stephen Jackson (Northland Properties) and Board Member Nancy Basi (Executive Director, Vancouver Media & Entertainment Centre). Each brings a long time of business experience and important pastime to advance the Company’s undertaking.
Additional knowledge is to be had at www.LiquidMediaGroup.co.
Liquid Media Group Ltd.
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