TIDMBLU
RNS Number : 5390H
Blue Star Capital plc
07 April 2022
7 April 2022
Blue Star Capital plc
("Blue Star" or the "Company")
Dynasty Gaming & Media new partnership agreements
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, payments, technology and its applications within
media and gaming, provides an update in respect of its investee
company, Dynasty Gaming & Media Pte Ltd ("Dynasty").
Dynasty, a leading mass-market Esports Portal Management (EPM)
Platform, has secured three additional multi-year partnership
agreements with large-scale organisations.
Under the first partnership agreement with Malaysia's leading
telecoms operator, a Dynasty-built and managed platform was
launched to millions of potential customers in mid-February and has
already experienced significant registered and paying user
traction, despite still being in its preliminary stages.
The second partnership agreement has been signed with New
Zealand's largest telco, which enjoys a dominant market position
and premium brand presence. Finally, the third multi-year agreement
has been secured with a market-leading Indian group that operates
within the digital payments, sports, and media industries. Under
the latter agreement, Dynasty's platform will have access to the
330 million customer base of the Indian group and will see the
unveiling of its NFT Marketplace, now integrated within Dynasty's
platform ecosystem solution. Dynasty expects both platforms to
launch within this current quarter.
Significantly, the new partnership agreements contain both fixed
licence fees and managed services revenue share. While Dynasty's
initial commercial model was based on collecting monthly licence
fees over a minimum 24-month contract - a typical 'SaaS' model,
moving forward, all agreements will see Dynasty supporting its
partners with a genuine managed service solution. Dynasty will
provide dedicated in-country resources, working exclusively with
their partners in all areas of engagement and monetisation, to help
fully maximise commercial outcomes. Under the new hybrid model,
Dynasty enjoys a significant portion of all platform revenue
generated, in addition to licence fees. The Company expects that
revenue share will contribute more than 85% of its overall revenue
mix within the next 12 months.
To further support its growing portfolio of partners, Dynasty
has recently moved into a new state-of-the-art Global Development
Centre in the heart of Kuala Lumpur's tech hub (KLEC), where it
will continue to develop its product offering to incorporate
additional high-growth revenue streams such as Play-to-Earn Gaming
(P2E), Web 3.0, and AI Learning & Academy.
Matt Lodge, Dynasty's Chief Executive Officer, commented that:
"It has been an incredibly exciting and productive time for the
business. The global gaming market was valued at more than GBP150
billion in 2021 and is expected to grow to around GBP260 billion
per annum within the next 5 years. There are now more than 2.7
billion gamers globally, with gaming overtaking social media as the
largest consumption of screen time in most markets."
"Dynasty has invested strongly in truly world-class people and
technology during these past 12 months and by enabling our partners
to participate within this booming and hugely valuable industry to
become the default "Home of Gamers" in their respective markets,
Dynasty is now well positioned for future growth."
"With regards to a potential listing, we remain open to all
options but are not currently tied to any one specific direction or
timeline. We are continuing ongoing discussions that would
potentially provide a different outcome to an IPO. Our board and
hardworking team will continue to act on the best interests of our
shareholders."
Derek Lew, Chairman of Blue Star Capital said that: "I am
thrilled to see the ongoing progress being made by Matt and his
talented team at Dynasty. The securing of these agreements
demonstrate the team are executing their strategy and reinforce our
belief of the growth opportunities that lie ahead for Dynasty. From
a Blue Star perspective, I am also particularly pleased that they
have numerous options open in terms of how they continue to scale
the business globally."
For more information please contact:
Blue Star Capital plc +44 (0) 777 178 2434
Derek Lew, Chairman +44 20 3608 3019
---------------------------------
Cairn Financial Advisers LLP,
(Nomad) +44 20 7213 0880
---------------------------------
Jo Turner / Liam Murray
---------------------------------
Stanford Capital Partners Ltd
(Broker) +44 20 3650 3650
---------------------------------
Patrick Claridge / John Howes
/ Bob Poutney
---------------------------------
Vox Markets Ltd (IR)
---------------------------------
Kat Perez Voxmarkets.co.uk/listings/LON/BLU
---------------------------------
About Blue Star
Blue Star is an investing company with a focus on new
technologies. Blue Star's investments include SatoshiPay Limited, a
payments business using blockchain technology; 6 early-stage to
mid-level esports companies, including Guild eSports plc, a global
eSports business headquartered in London whose lead investor is
David Beckham and Dynasty eSports Pte Ltd., an eSports platform
with a mission to become the largest eSports franchise in Asia;
Leaf Mobile Inc., a mobile leading free-to-play mobile games group;
NFT Investments plc, a company that engages, partners, incubates
and develops non-fungible tokens; and Sthaler Limited, an identity
and payments technology business which enables a consumer to
identify themselves and pay using just their finger.
About Dynasty Gaming & Media
Dynasty has created a leading mass-market Esports Portal
Management(EPM) Platform, seamlessly combining community,
competition, player engagement and monetisation. The platform gives
their B2B partners a fully white-labelled Dynasty EPM solution
allowing them to harness multiple ecosystem functionalities as seen
in platforms such as Twitch, Battlefy, Discord, and Steam, all
under one roof thus providing customers with an engaging single
destination for all gaming and esports needs
Forward looking statement disclaimer
Certain statements made in this announcement are forward-looking
statements. These forward-looking statements are not historical
facts but rather are based on the Company's current expectations,
estimates, and projections about its industry; its beliefs; and
assumptions. Words such as 'anticipates,' 'expects,' 'intends,'
'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions
are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties, and other factors, some
of which are beyond the Company's control, are difficult to
predict, and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements.
The Company cautions shareholders and prospective shareholder
holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the
date of this announcement. The forward-looking statements made in
this announcement relate only to events as of the date on which the
statements are made. The Company will not undertake any obligation
to release publicly any revisions or updates to these
forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement
except as required by law or by any appropriate regulatory
authority.
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END
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