Dynasty Esports signs Southeast Asian distribution agreement
Dynasty Esports, a portfolio company of Crawley-based investment firm Blue Star Capital plc, has signed a distribution agreement with the second largest telecoms firm in Southeast Asia, Indosat Ooredoo Hutchison (IOH).
Under the agreement, IOH will promote Web3 Play to Earn (P2E) games, delivered by Dynasty and developed by Pioneer, to its nearly 100 million subscribers in Indonesia.
It builds on a game publishing agreement between Pioneer Media Holdings and Dynasty, entered into on 13 October, which grants Dynasty an exclusive license to publish, market, promote and distribute Pioneer’s portfolio of games to its Indian, Australian and Southeast Asian partners.
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With more than 200 million gamers generating almost $2 billion in annual revenues, Indonesia is the leading gaming market in Southeast Asia. Within the next three months the first P2E title, localised for the Indonesian market, is expected to launch, with further titles planned for 2023.
Dynasty expects similar agreements to be formed in the next two quarters, with several other markets launching Pioneer’s titles within 2023 as part of October’s agreement.
Following the announcement, shares in Blue Star Capital rose 16.75 per cent
Tony Fabrizi, CEO of Blue Star Capital said that: "This significant new contract, with one of Southeast Asia's largest telcos, is further testimony to the continued progress of Dynasty as it expands its gaming ecosystem to deliver Web3 Play to Earn games.
“We anticipate further announcements later this year as Dynasty's extensive and growing network provides an attractive route for large corporations looking to move seamlessly into gaming."
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Featured image: iStock
