Acceleration of online activities with an AVICII music game, the launch of the Atari Token and an online casino for crypto-currencies

Acceleration of online activities with an AVICII music game, the launch of the Atari Token and an online casino for crypto-currencies

• Launch of the mobile version of the music game “AVICII Invector” in Q2 2020, which will follow the recently announced games “Mob Empire” and “Atari Combat: Tanks & Puzzles”
• Production of 500 initial units of the Atari VCS in late March / early April
• Agreement signed for the launch of the Atari Token, following the termination of the license with Infinity Networks, Ltd
• Five-year licensing agreement signed for an online casino using crypto-currencies, with a minimum guarantee for Atari of €7.5M over 3 years

Paris, March 10, 2020 – The Atari Group, one of the world’s most iconic consumer brands and interactive entertainment producers, announces today three major initiatives for its online activities: a music game based on the catalogue of the world renowned artist AVICII, an agreement to launch the Atari Token and a casino for crypto-currencies by September 30, 2020, and provides an update on the progress regarding the manufacturing of the Atari VCS.

"The new music game with AVICII has the potential to become a major title for Atari Games, and the near-term launch of our Atari Token in combination with the casino for crypto-currencies offer new growth opportunities for Atari Partners. Whilst the development of the Atari VCS is clearly being disrupted given the coronavirus health crisis, our 4 business lines - Games, Casino, Atari VCS, Partners - each have their own development and growth dynamics. Their complementary nature in terms of audience and marketing make them an essential asset for the Group's long-term expansion", declared Frédéric Chesnais, CEO of Atari.

Atari Games: Launch of a music game with the “AVICII” catalogue:

In line with its strategy to broaden its portfolio of games, on March 9, 2020, Atari entered into a ten-year agreement with the independent Swedish game development studio Hello There Games. This agreement follows the recently announced launch of “Mob Empire” (already launched in closed beta) and of “Atari Combat: Tanks & Puzzles” (soft launch delayed by a few days from March 2020 to April 2020). The agreement with Hello There Games covers the publishing and distribution of music games primarily for mobile and social platforms based on the world renowned electronic music artist AVICII and other artists to come. Hello There Games will be the developer and Atari will be the publisher of these games. Atari does not have an ownership stake in the studio.