Vivendi Layoffs Will Not Affect Blizzard
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VIVENDI UNIVERSAL GAMES ANNOUNCES REORGANIZATION AND COST REDUCTIONS AS PART OF TURNAROUND PLAN
LOS ANGELES - June 21, 2004 - Vivendi Universal Games (VU Games) today announced another step in its turnaround plan to improve operating effectiveness, reduce costs and position for growth. The changes include a significant staff reduction in its North American based operations resulting in the elimination of 350 staff positions. The Company's Blizzard Entertainment studio was not part of the staff reduction.
"Restructuring the organization and reducing our cost base are necessary to improve our operating effectiveness and profitability," said VU Games CEO Bruce Hack. "This constitutes another important step in our turnaround plan aimed to better position the Company for growth."
With a global and more focused organization in place, VU Games is looking ahead to the second half of the year with several major releases scheduled for launch. VU Games plans to release World of Warcraft from Blizzard Entertainment, marking the Company's entry into the massively multi-player online role-playing games category. Other current and upcoming releases for 2004 include Crash Twinsanity, Leisure Suit Larry, The Chronicles of Riddick: Escape from Butcher Bay, Van Helsing, Ground Control II, Fight Club and Spyro: A Hero's Tail.
About Vivendi Universal Games
Headquartered in Los Angeles, VU Games is a leading global developer, publisher and distributor of multi-platform interactive entertainment. Its development studios and publishing labels include Blizzard Entertainment, Sierra Entertainment, Fox Interactive and Massive Entertainment. VU Games' library of over 700 titles features multi-million unit selling properties such as Warcraft, StarCraft and Diablo from Blizzard; Crash Bandicoot, Spyro The Dragon, Ground Control, Tribes and Leisure Suit Larry.
