Vivendi Universal Announces VU Games’ Acquisition of Radical Entertainment
March 23, 2005
Vivendi Universal announces VU Games’ acquisition of Radical Entertainment
PARIS and LOS ANGELES – Vivendi Universal (Paris Bourse: EX FP, NYSE: V) today announced that VU Games has completed the purchase of leading independent console developer, Radical Entertainment. Under the agreement, VU Games will retain Radical’s team of more than 200 development professionals, as well as acquire the studio’s exclusive game development technologies. Radical’s founder Ian Wilkinson has been named President, Radical Entertainment, and the studio will remain in Vancouver, Canada. Financial terms of the transaction were not disclosed.
“The purchase of Radical Entertainment reinforces our commitment to strengthening VU Games’ creative talent and internal console development capabilities,” said Bruce Hack, CEO of VU Games. “Radical’s focus will remain on entertainment-based console games for current and next generation platforms.”
Radical is best known for developing critically acclaimed and commercially successful releases such as: The Simpsons: Hit & Run, which sold more than 3.5 million retail units worldwide; The Hulk, which sold more than 2 million retail units worldwide; and The Simpsons Road Rage, which sold 3 million retail units worldwide. Currently, the studio is developing several multi-platform titles for VU Games launching in 2005, including Scarface, Crash Tag Team Racing and The Incredible Hulk: Ultimate Destruction.
“We’ve had tremendous success working with VU Games over the past few years, and we believe our integration will be extremely positive for the future of Radical,” said Ian Wilkinson, President, Radical Entertainment. “VU Games recognizes and values our unique and creative work environment, as well as our commitment to developing top-selling entertainment products. We are excited to be part of VU Games’ global development team.”
Radical Entertainment is one of North America’s largest game developers. With more than a decade of hit titles like The Simpsons: Hit & Run, The Hulk, and soon to be released Scarface, the studio’s commitment to partners and players continues to set Radical apart. The studio treats each property with the reverence it deserves and gamers demand. Radical brings the talent, tools and technology together to create entertainment that captures the world’s imagination.
Vivendi Universal Games (VU Games)
Vivendi Universal Games (www.vugames.com) is a global developer, publisher and distributor of multi-platform interactive entertainment. The company is a leader in the subscription-based massively multi-player online (MMO) games category, and also holds leading positions in the PC, console and handheld games markets. Its development studios and publishing labels include Blizzard Entertainment, Radical Entertainment, Sierra Entertainment and Massive Entertainment. VU Games’ library of over 700 titles features owned intellectual properties including Warcraft, StarCraft, Diablo and World of Warcraft from Blizzard; Crash Bandicoot, Spyro The Dragon, Empire Earth, Leisure Suit Larry, Ground Control and Tribes. VU Games also maintains strategic relationships with industry leading content partners, including NBC Universal and Twentieth Century Fox.
This document contains 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements and business strategy as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to the risks that Vivendi Universal will not be able to obtain the necessary approvals for the contemplated transaction, as well as the risks described in the documents Vivendi Universal has filed with the U.S. Securities and Exchange Commission and with the French Autorité des Marchés Financiers. Investors and security holders may obtain a free copy of documents filed by Vivendi Universal with the U.S. Securities and Exchange Commission at www.sec.gov or directly from Vivendi Universal. Vivendi Universal does not undertake to provide, nor has any obligation to provide, update or revise forward-looking statements.
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|Leslie Hollingshead||Danielle Michael|
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