American Gaming Systems® (AGS) and FremantleMedia Enterprises Announce Licensing Agreement for Family Feud
LAS VEGAS, NV–(Marketwire – Oct 2, 2012) – AGS®, a leading designer, manufacturer and operator of gaming machines with more than 7,500 installed gaming machines, announced today that they have entered an exclusive licensing agreement with FremantleMedia Enterprises (FME), the commercial and brand extension arm of FremantleMedia, for the development of gaming devices based on the iconic hit television show, Family Feud.
“Survey says Family Feud is one of the longest running and most beloved of television game shows. People love guessing, and second-guessing the answers to survey questions dealing with everyday matters. We’re excited to develop a series of slot games built around theFamily Feud brand. We’re privileged to be able to use actual survey questions and responses from the show. Players will love being able to play Family Feud for real money!” said Olaf Vancura, Vice President of Product Development for AGS.
Paul Lofgren, Vice President of Business Development & Sales for AGS said, “We are thrilled to bring this iconic brand to our customers gaming floors. The increased player engagement inherent in games offering trivia and knowledge based elements will make this game an overwhelming success. We see AGS as the leader in the area of ‘Engaged Entertainment,’ and our sales team is ecstatic about the Family Feud brand.”
“We are excited to partner with AGS and their proprietary technology to bring a new, exciting, and much anticipated new slot machine to our loyal viewers,” stated David Luner, Executive Vice President of Consumer Products & Interactive for FremantleMedia Enterprises, North America.
Family Feud first aired in 1976 and has been one of the most popular game shows of all time. The show just launched its 14th season in September of this year.
About “FAMILY FEUD”
Since its premiere in 1976, Family Feud has remained one of television’s most popular and enduring game shows, and continues to evolve in new and exciting ways. With host Steve Harvey at the helm, the show has seen an unprecedented ratings increase, and continues to grow its audience, most recently having achieved its highest ratings in twenty seasons. Family Feud is produced by FremantleMedia North America and distributed by Debmar-Mercury. Gaby Johnston is executive producer; Jim Roush is executive in charge of production. Ken Fuchs is director.
About FremantleMedia and FremantleMedia Enterprises
FremantleMedia is one of the leading creators and producers of television entertainment brands in the world. FremantleMedia is part of RTL Group, the leading European entertainment network, which is in turn 92 percent owned by the international media company Bertelsmann. FremantleMedia’s worldwide production arm is responsible for many of the world’s highest rated prime time entertainment, drama, serial drama and factual entertainment programmes. FremantleMedia Enterprises is the brand extension arm of FremantleMedia, offering a one-stop-shop for all Licensing, Distribution and Home Entertainment around the world. The FremantleMedia Group (which includes FremantleMedia North America, UFA, FremantleMedia UK, FremantleMedia Australia, Ludia, @radical.media and Original Productions, amongst others) has operations in 22 countries, one of the most comprehensive global networks, creating over 9,200 hours of programming a year, rolling out more than 60 formats and managing over 300 individual titles. FremantleMedia has some of the world’s most sought after and long running formats in its catalogue, and globally produces such programmes as: Idols (co-produced with 19 Productions in the US), Hole In The Wall, Got Talent (co-produced with Syco in the UK and the US), The X Factor (co-produced with Syco in the UK and the US), Take Me Out, Family Feud, The Price is Right, Farmer Wants A Wife, Gute Zeiten Schlechte Zeiten, and Neighbours.
With roots in the gaming industry dating back to 1996, AGS’ current portfolio of products includes Class III and Class II machines. Privately held, AGS is a leading designer and manufacturer of gaming machines for the Native American gaming market with an emerging presence in a broad range of commercial markets in the United States. AGS has sales, service, development or management locations in Nevada, Illinois, Oklahoma and Canada.
To learn more about AGS, please visit us at www.americangamingsystems.com.
This press release contains forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The words “believe”, “will”, “expect”, “continue”, “intend”, “plan”, “seek”, “estimate”, project”, “may”, or the negative or other variations thereof or comparable terminology as they relate to AGS and its products, plans, and markets are intended to identify such forward-looking statements. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS’ performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, or have its games approved by relevant jurisdictions. All forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.