Pioneer Media Holdings Inc. announced that its Publishing Partner for Southeast Asia, India and Oceania, Dynasty Gaming & Media Inc. ("Dynasty") has signed a distribution agreement with Indosat Ooredoo Hutchison ("IOH") to distribute and publish web3 games developed and owned by Pioneer to IOH customers in Indonesia. IOH is currently Southeast Asia's second telecommunications(1) company with 100 million subscribers and quarterly revenue of approximately Rp11,654 billion (Q2 2022). Under the agreement between Dynasty and IOH, Dynasty will publish leading web3 games, developed by Pioneer, for IOH to distribute to their substantial subscriber base. IOH will actively promote and market these games to their customer base to ensure discoverability, engagement, and game play. The first web3 gaming title for IOH is in the final stages of development and is a multiplayer, strategy board game where players move around the game board, buying and trading assets. The game has been developed by Pioneer and licensed by Roundhouse Media, Pioneer's Asia-based publishing arm. The game has been localized for the Indonesian gaming market and is expected to launch with a major advertising and PR campaign within the next three months. Pioneer has a robust pipeline of web3 games, which based on the success of the first title, are expected to launch throughout 2023. Targeting the Asian gaming market is a key priority for Pioneer and an important part of its growth strategy. With almost 2 billion gamers in Asia, the market share opportunity is significant. More specifically, the Indonesian gaming market is the largest in Southeast Asia with revenue of 1.92 billion USD at the end of 2021. 78% of the total Indonesian
population (280 million), consider themselves to be gamers(2).