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Paranovus Signs Software Development Agreement With BlueLine Studios To Advance Hollywood Sunshine Project

Paranovus Signs Software Development Agreement With BlueLine Studios To Advance Hollywood Sunshine Project

Paranovus 与 BlueLine Studios 签署软件开发协议以推进好莱坞阳光项目
Benzinga ·  2023/11/15 21:34

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) (the "Company") announced today that it has entered into a software development agreement with BlueLine Studios Inc. ("BlueLine"), a portfolio company of Caravan Digital L.P. ("Caravan"), a co-founder of consumer companies authentically powered by iconic artists and athletes in partnership with Creative Artists Agency("CAA"), to focus on developing the AI-generated content (AIGC) game application, Hollywood Sunshine.

Paranovus 娱乐技术有限公司(纳斯达克股票代码:PAVS)(“公司”)今天宣布,它已与BlueLine Studios Inc.(“BlueLine”)签订了软件开发协议。Caravan Digital L.P.(“大篷车”)是消费类公司的联合创始人,与创意艺术家机构(“CAA”)合作,专注于开发人工智能生成的内容(AIGC)) 游戏应用程序,好莱坞阳光。

Under the terms of the agreement, BlueLine will be committed to the development of the "Hollywood Sunshine" project, which is expected to be a unique social gaming platform that has celebrity involvement and is driven by AIGC. The project will be an engaging story-based role-playing game (RPG) in an open world, available on both PC and/or mobile platforms. The game aims to captivate users with real-time, instantaneous player-specific content generation, offering many hours of narrative-driven gameplay. BlueLine and Caravan will be working together to secure an appropriate celebrity talent partner for the game, who should demonstrate receptiveness to working with AIGC and have a fanbase reach of at least 5 million individuals.

根据协议条款,BlueLine将致力于开发 “好莱坞阳光” 项目,该项目有望成为一个独特的社交游戏平台,有名人参与,由AIGC推动。该项目将是一款引人入胜的开放世界中以故事为基础的角色扮演游戏(RPG),可在PC和/或移动平台上使用。该游戏旨在通过实时、即时地生成玩家专属内容来吸引用户,提供数小时的叙事驱动游戏玩法。BlueLine和Caravan将共同努力,为该游戏寻找合适的名人人才合作伙伴,他们应该表现出愿意与AIGC合作并拥有至少500万粉丝群。

Paranovus will pay BlueLine a total of up to $1,900,000 development fee and subject to the terms of the agreement, Paranovus will be the sole and exclusive owner of all rights to the Hollywood Sunshine project, including all intellectual property rights, excluding any background technology used by BlueLine to complete the project.

Paranovus将向BlueLine支付总额高达190万美元的开发费,根据协议条款,Paranovus将成为好莱坞阳光项目所有权利的唯一独家所有者,包括所有知识产权,不包括BlueLine用于完成该项目的任何背景技术。

An initial full-featured version of the game for the PC platform is anticipated to be released in Q2 2024, followed by the potential delivery of the iOS version in Q3 2024.

该游戏的初始功能齐全的PC平台版本预计将于2024年第二季度发布,随后iOS版本可能在2024年第三季度交付。

"This agreement with BlueLine represents an important next step for Paranovus Entertainment Technology to expand into the AI-driven gaming and entertainment industry," said Xuezhu Wang, CEO and the Chairman of the Board of the Company, "Over the past several months, we have seen demand increase significantly for AIGC and we believe it is going to revolutionize the game industry. I look forward to the partnership with BlueLine to develop an exclusive social gaming platform with celebrity engagement, and bringing a growth drive for our company in 2024."

公司首席执行官兼董事会主席王雪竹说:“与BlueLine的这项协议是Paranovus Entertainment Technology向人工智能驱动的游戏和娱乐行业扩张的重要下一步,在过去的几个月中,我们看到对AIGC的需求大幅增加,我们相信这将彻底改变游戏行业。我期待与BlueLine合作,开发一个具有名人参与度的独家社交游戏平台,并在2024年为我们公司带来增长动力。”

"We are thrilled to reach this agreement and officially begin the collaboration with Paranovus on the Hollywood Sunshine Project," said Mike Teh Wang, CEO of BlueLine. "Our experience and expertise in the gaming industry and unique celebrity resources will ensure we deliver an amazing game project for Paranovus and a unique gaming experience for consumers."

BlueLine首席执行官Mike Teh Wang表示:“我们很高兴达成这项协议,并正式开始与Paranovus合作开展好莱坞阳光项目。”“我们在游戏行业的经验和专业知识以及独特的名人资源将确保我们为Paranovus提供精彩的游戏项目,为消费者提供独特的游戏体验。”

Meanwhile, the Company is still in the process of evaluating the previously announced letter of intent to acquire BlueLine. The Company has decided to prioritize the Hollywood Sunshine development project with BlueLine, which aligns with the Company's long-term vision and current objectives.

同时,该公司仍在评估先前宣布的收购BlueLine的意向书。公司已决定优先考虑与BlueLine合作开发好莱坞阳光项目,这符合公司的长期愿景和当前目标。

译文内容由第三方软件翻译。


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