Kuuhubb Acquires Full Global Rights and Revenue to My Hospital Game
May 8, 2018
Toronto, Canada -
Kuuhubb Inc. announces that, further to its February 28, 2018 press release, it has signed the definitive agreement for, and completed the acquisition of, the full global rights and revenue to the My Hospital game.
Kuuhubb has purchased the full global rights and revenue to the My Hospital game for 2.6 million Euros, to be paid in monthly instalments between May 2019 and June 2021. Additionally, after Kuuhubb has recouped the entire purchase price, Cherrypick Games is entitled to 25% net profit share. Cherrypick Games will continue the current game development and update efforts until June 2021.
“We are delighted with the long-term potential of My Hospital. The acquisition of My Hospital from Cherrypick Games is expected to provide Kuuhubb with cash flow and profitability as well as create long-term value through our expanding product portfolio globally,” commented Jouni Keränen, CEO of Kuuhubb.