Chinese Universe Publishing and Media, a huge company with investments in various industries, today announced that its game development and publishing subsidiary, ELEX, has signed a contract with Activision Blizzard to develop a mobile game based on the Call of Duty IP. ELEX is known globally for mobile games including Clash of Kings, Magic Rush, and Age of Warring Empire.
According to the software development and co-publishing agreement, the contract will last for 3 years after the unnamed game launches worldwide, with an option for an additional year. ELEX need not pay any IP fee to Activision Blizzard, and the co-development costs and profits will be shared equally (50-50). ELEX has total assets worth nearly USD 3 billion as of September 2016.
