PlaySide Studios Limited announced the signing of a game development agreement with Meta Platforms Technologies, LLC (Meta). Following a successful concept pitch, Meta has engaged PlaySide to design, develop and create a mixed reality interactive software product to be playable on its Quest suite of virtual reality devices. PlaySide will receive payments for development of the game and will receive a share of net revenues from the game in perpetuity. The development payments will be received at agreed milestones which are consistent with industry benchmark requirements for
progressing the game to launch. The agreement is effective immediately and work on the title is expected to commence in the current financial year.