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Vividthree inks MOU to develop virtual reality arcade game
A UNIT of mm2 Asia spin-off Vividthree Holdings signed a memorandum of understanding on Thursday to develop a virtual reality arcade game with a London-based video game company, the company said.
Wholly owned production studio Vividthree Productions will set up a joint venture (JV) with Slightly Mad Studios. JV initiatives include tapping the game engine for a motor-sport racing simulation game, called Project CARS 2, owned by Slightly Mad Studios.
Vividthree managing director Charles Yeo said in a statement that the deal furthers a strategy to build its content production business, adding that the project will be a first for the company.
Vividthree, which debuted on the Catalist board in September, closed unchanged at S$0.245, before the announcement.