TakeTwo strikes again
1/26/2005 12:06:00 PM
Well, this is certainly getting interesting. In the latest land grab, Take Two has purchased "certain" rights for the Civilization franchise including the upcoming Civilization IV
. The press release doesn't have a lot of details but it also mentions that they have signed a long term publishing deal with FIRAXIS Games(Alpha Centuri
, etC). It's certainly interesting to see all of the M&A in the industry right now.
TAKE-TWO INTERACTIVE SOFTWARE, INC. ANNOUNCES ACQUISITION OF CIVILIZATION FRANCHISE
AND LONG-TERM PARTNERSHIP WITH FIRAXIS GAMES
Sid Meier's Civilization Makes its Triumphant Return to PC in 2005!
New York â€“ January 26, 2005 â€“Take-Two Interactive Software, Inc. (NASDAQ: TTWO), today announced that it has purchased certain rights to the multi-million unit selling Civilization franchise, and has signed a long-term, multi-title publishing agreement with FIRAXIS GamesÂ®, developers of Sid Meierâ€™s Alpha Centauri, SimGolf, Gettysburg, Civilization III, Pirates! and other critically acclaimed simulation and strategy games. Kicking off this new partnership will be the highly anticipated Sid Meierâ€™s Civilization IV for PC, which will be published by Take-Twoâ€™s publishing label 2K Games in late 2005, with future expansions and additional PC and console games to follow.
â€œThe Civilization name brings with it an expectation of quality from millions of fans around the world,â€ said Susan Lewis, Vice President of Publishing for 2K Games. â€œIt is a pleasure to be working with a company like FIRAXIS that has developers who have proven with every successive title that they are masters of this genre.â€
â€œWe are extremely pleased to be partnering with 2K Games on a new journey into the evolving world of Civilization,â€ said Jeff Briggs, Founder, President and CEO of FIRAXIS Games. â€œ2K Gamesâ€™ emergence as a publisher dedicated to producing high-quality, genre-defining games ensures that Civilization IV and FIRAXIS titles will continue to push the creative envelope and reach bigger audiences than ever before."
â€œIn Civilization, weâ€™ve created a world with endless possibilities that has been embraced by game players all over the globe,â€ said Sid Meier, Director of Creative Development at FIRAXIS Games. â€œWith the upcoming addition of Civilization IV, our core fans and newcomers alike will enter a world of unparalleled scope and detail.â€
The fourth game in the PC strategy series that has sold over five million copies, Sid Meierâ€™s Civilization IV is a bold step forward for the franchise, with spectacular new 3D graphics and all-new single and multiplayer content. Civilization IV will also set a new standard for user-modification, allowing gamers to create their own add-ons using the standard Python and XML scripting languages.
Sid Meierâ€™s Civilization IV will be released for PC in late 2005.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor and publisher of interactive entertainment software games and accessories for the PC, PlayStation(R) game console, PlayStation(R)2 computer entertainment system, PSPÂ handheld entertainment system, Xbox(R), Nintendo GameCube(TM) and Game Boy(R) Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games and Global Star Software; and distributes products in North America through its Jack of All Games subsidiary. Take-Two also manufactures and markets video game accessories in Europe, North America and the Asia Pacific region through its Joytech subsidiary. The Company maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Madrid, Vienna, Milan, Sydney, Breda (Netherlands) and Auckland. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO.
For more corporate and product information please visit our website at www.take2games.com.
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About FIRAXIS Games
Home of legendary designer Sid Meier, FIRAXIS Games was founded in 1996 by veteran gaming executive Jeff Briggs. One of the worldâ€™s premier independent game development studios, FIRAXIS has created some of the most successful and award-winning computer games on the market. The companyâ€™s most recent hit titles include: Sid Meierâ€™s Pirates! (published by Atari), Sid Meierâ€™s SimGolf (published by Electronic Arts); and the blockbuster hit series Sid Meierâ€™s Civilization III (published by Atari). FIRAXIS has a rich legacy of great games including: Sid Meier's Gettysburg! and Sid Meierâ€™s Alpha Centauri! FIRAXIS will release the eagerly anticipated Sid Meierâ€™s Pirates! for Xbox in Spring 2005. FIRAXIS is located in Hunt Valley, Maryland.
For press inquiries contact Kelley Gilmore (email@example.com)
For info on FIRAXIS Games visit www.firaxis.com .
Safe Harbor Statement under the Private Securities Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2004 in the section entitled â€œRisk Factorsâ€.