Moving Image Technologies and SNDBX, an emerging developer and operator of amateur Esports leagues played locally on the big screen, have expanded their strategic partnership to accelerate the growth of local amateur Esports leagues.
“Our enhanced partnership with SNDBX brings two leading, entrepreneurial companies closer together to capture this significant market opportunity,” said Joe Delgado, executive vice president, sales, and marketing. “This agreement formalizes our partnership and incentivizes both companies to work in tandem to grow the market for SNDBX’s Esports offerings in the U.S. and on a global scale.”
“We are excited to take the next step in our partnership with MIT,” said Rick Starr, CEO and founder of SNDBX. “MIT has been with SNDBX from our earliest concepting and has helped to design a technology solution that works specifically for cinemas.”
The expanded partnership includes:
MIT will become a minority shareholder in SNDBX upon its formation as a separate entity from The Five Agency, LLC,
MIT will be the exclusive equipment supplier to SNDBX, which has committed to a multi-million-dollar minimum purchase order agreement for MoveEsports eight-cart systems over the next three years,
MIT can choose a member of the SNDBX advisory board for three years,
MIT will provide SNDBX a three-year loan,
MIT and SNDBX will co-own any IP-related equipment.
MIT and SNDBX plan to host a conference call/webcast and presentation during the week of May 8 to help investors better understand SNDBX’s strategy and model and the growth opportunity for both companies in the years to come.
Moving Image Technologies www.movingimagetech.com
SNDBX www.sndbx.gg