Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, announced that the company will create a free-to-play mobile game under license from Paramount Pictures in coordination with the theatrical release of the new film Mission: Impossible – Rogue Nation. Designed and developed in close creative collaboration with the filmmakers atSkydance Productions, Glu’s game will deliver the action of the Mission: Impossible franchise to mobile audiences worldwide this summer.
“For decades Mission: Impossible has defined the action thriller genre. We are excited to support the next film in this storied franchise with the first free-to-playMission: Impossible mobile game,” said Niccolo de Masi, Glu Chairman and CEO. “Our growing relationship with Paramount Pictures and Skydance Productionsextends Glu’s position as the premier partner in Hollywood for gaming.”
Paramount Pictures and Skydance Productions present a Tom Cruise / Bad Robot Production, “MISSION: IMPOSSIBLE – ROGUE NATION.” With the IMF disbanded and Ethan (Tom Cruise) out in the cold, the team now faces off against a network of highly skilled special agents, the Syndicate. These highly trained operatives are hellbent on creating a new world order through an escalating series of terrorist attacks. Ethan gathers his team and joins forces with disavowed British agent Ilsa Faust (Rebecca Ferguson), who may or may not be a member of this rogue nation, as the group faces their most impossible mission yet. Starring Tom Cruise, Jeremy Renner, Simon Pegg, Rebecca Ferguson, Ving Rhames, Sean Harris and Alec Baldwin.
The film is directed by Christopher McQuarrie, with a screenplay by Christopher McQuarrie and story by Christopher McQuarrie and Drew Pearce. Based on the television series created by Bruce Geller. Produced by Tom Cruise, J.J. Abramsand Bryan Burk. The executive producers are David Ellison, Dana Goldberg andDon Granger of Skydance Productions and Jake Myers.
Paramount Pictures will distribute “MISSION: IMPOSSIBLE – ROGUE NATION” onJuly 31, 2015. (Original Source)
Shares of Glu Mobile closed yesterday at $6.55 . GLUU has a 1-year high of $7.60 and a 1-year low of $3.27. The stock’s 50-day moving average is $5.57 and its 200-day moving average is $4.54.
On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on April 30, Piper Jaffray analyst Michael Olson reiterated a Buy rating on GLUU, with a price target of $7.50, which implies an upside of 14.5% from current levels. Separately, on the same day, Canaccord Genuity’s Michael Graham reiterated a Buy rating on the stock and has a price target of $8.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Olson and Michael Graham have a total average return of 9.7% and 16.7% respectively. Olson has a success rate of 55.3% and is ranked #508 out of 3602 analysts, while Graham has a success rate of 53.3% and is ranked #151.
Glu Mobile Inc develops, publishes & markets games designed to appeal to users of smartphones & tablet devices. Its gaming brands include Blood & Glory, Contract Killer, Deer Hunter, Eternity Warriors, Frontline Commando, Gun Bros, & Heroes of Destiny.