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F1 & Codemasters Extend Licensing Agreement

Codemasters has announced an extension of their licensing contract with Formula One, allowing the company to produce fully-licensed F1 titles for multiple years to come.

Codemasters has announced an extension of their licensing contract with Formula One, allowing the company to produce fully-licensed F1 titles for multiple years to come.

The studio acquired the license in May 2008 and has since then released two F1 titles for handheld devices as well as two full-scale titles for the PC and next-gen consoles – F1 2010 & F1 2011.

The series’ next installment, F1 2012, is expected to be released this fall. Aside from that, Codemasters is branching out to new audiences by working on a free-to-play browser-based title called F1 Online The Game as well as a new family-oriented F1 title that is due to be released in late 2012.

“We got off to a strong start with FORMULA ONE but we harbour ambitions to do much more. FORMULA ONE is front of mind at Codemasters and we give it the focus and attention it deserves. We have established close links across the sport and they know that, in Codemasters, they have a great partner,” Codemasters CEO Rod Cousens commented.

“We remain ambitious with our plans and want to take the series forward. We want to take it to new geographies, make it available on new platforms to new audiences. We are taking FORMULA ONE to a new online platform this spring and our portfolio will be extended with a FORMULA ONE experience that will address a younger video game audience later in 2012. Our teams are hard at it, creating world class FORMULA ONE games across multiple genres for players irrespective of location or gaming platform and now, for many years to come.”

No details on the extended agreement have been published as the duration of the contract is unknown aside from it being a multi-year deal.

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