EA Signs Agreement With Castaway Entertainment
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ELECTRONIC ARTS SIGNS PUBLISHING AGREEMENT WITH CASTAWAY ENTERTAINMENT
REDWOOD CITY, Calif., March 22, 2004 Electronic Arts (NASDAQ: ERTS), the world's leading interactive entertainment software company today announced an exclusive worldwide publishing agreement with start-up development studio, Castaway Entertainment. Based in Redwood City, CA the independent game studio currently includes eight creative, artistic and technical staffers, who are credited with the creation of blockbuster hits Diablo®, Diablo II® and Diablo II®: Lords of Destruction expansion pack. Development of a new action-RPG title is already underway, and the team is beginning to staff up to produce this major title. Financial terms of the agreement were not disclosed.
(Our partnership with EA the #1 PC game publisher in the world ensures that this title will have the key resources and support that it needs to become a creative, addictive, and genre-defining title,) remarked Michael Scandizzo, President of Castaway Entertainment.
(Our seasoned team looks forward to commencing our long-lasting partnership with EA,) added Stefan Scandizzo, Vice President and co-founder of Castaway Entertainment.
(We are especially excited about this partnership because, like EA, the team at Castaway Entertainment is dedicated to making best of breed entertainment titles,) said John Riccitiello, President and Chief Operating Officer at Electronic Arts. (They have the passion, heart and hands-on experience it takes to build an action-RPG title that truly sets the standard within the category. We are confident that this new title will reinvigorate the category by delivering a refreshing gameplay experience and epic RPG fantasy.)
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, Electronic Arts posted revenues of $2.5 billion for fiscal 2003. The company develops, publishes and distributes interactive software worldwide for video game systems, personal computers and the Internet. Electronic Arts markets its products under three brand names: EA SPORTSâ„¢, EA GAMESâ„¢, and EA SPORTS BIGâ„¢. EA's homepage and online game site is www.ea.com. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com.
About EA Partners
EA Partners complements the company's extensive portfolio of licensed and wholly-owned game franchises. EA currently has relationships with more than 12 developers and publishers including Digital Illusions, C.E., Buena Vista Games (Disney Interactive), Warner Brothers Interactive, Lionhead Studios, Free Radical Design, Eurocom and regional publishing relationships with companies including NovaLogic, Capcom, NAMCO and Square Enix. In 2002, EA and Digital Illusions, C.E. of Gothenburg Sweden published Battlefield 1942 an award winning PC multi-player game that achieved worldwide commercial success.
About Castaway Entertainment
Castaway Entertainment LLC is a new, independent video game development studio focused on developing world class RPG games for the PC and next-generation console systems. Headquartered in Redwood Shores, CA, Castaway is a growing company founded by a team of experienced and talented game developers from across the industry.
