Emerge Gaming shares surge on deal for “Netflix of Gaming”

Shares in the eSports company Emerge Gaming (ASX: EM1) have risen 43 per cent this morning after it announced the execution of a global distribution agreement with Singapore-based Cloudzen Pte Ltd, putting it in the system of what has been dubbed the “Netflix of Gaming”.
The partnership allows the group to use its intellectual property for “GameCloud”, a portal that gives gamers instant access to hundreds of AAA-rated 3D graphic games and live streaming on mobile devices without the need to download the game.
Through what Perth-based Emerge has described as a “revolutionary digital platform”, this allows gamers to play at any time from handheld devices and smart TVs, with multiplayer gaming, video streaming and social networking.
“Our strategic partnership with Cloudzen and its revolutionary GameCloud platform offers Emerge Gaming a significant opportunity to push the boundaries of cloud gaming, and accelerate revenue growth across a number of new territories in the near term,” says Emerge Gaming chief executive officer Greg Stevens. Read more

Matt Oggg– Business News Australia – 4 December 2018