3DO Acquires Cyclone Studios.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Dec. 4, 1995--In a move to expand Studio 3DO's software development and publishing business, The 3DO Company today announced it has entered into an agreement to acquire the assets of Cyclone Studios, a company devoted to developing action/arcade-style video games See video game console. . This acquisition will bolster Studio 3DO's ability to deliver titles on advanced 32-bit, 64-bit, and PC platforms. "In the past year, we have been bringing together the industry's most creative talent to make Studio 3DO the world's premier entertainment software provider," said Bob Lindsey, General Manager of Studio 3DO. "Cyclone Studios has demonstrated its ability to exploit the advanced 3-D performance capabilities of 3DO technology in developing exceptional entertainment titles. We expect them to continue to expand their focus and operations as part of the Studio to deliver blockbuster titles for core gamers." 3DO has acquired the assets of Cyclone Studios for a combination of cash, common stock, and other considerations. Cyclone Studios, established in 1993, has 15 employees. It was founded by Helmut Kobler, a former veteran employee of 3DO, and Ron Little, a University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). Computer Science graduate. Cyclone Studios, based in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif., will operate as an independent division within Studio 3DO and will report directly to Lindsey. The group intends to develop titles for M2 and PC platforms. Terms of the agreement were not disclosed. The first titles developed by Cyclone Studios to be published by Studio 3DO are Captain Quazar Captain Quazar is a science fiction third-person action game by developer 3DO, first published in 1995 by Panasonic. Though initially released as an exclusive for 3DO's Interactive Multiplayer console, when the system met with little public success, Captain Quazar (TM) and BattleSport(TM). Both titles have been hailed by critics and are highly anticipated by consumers. Die Hard GameFan magazine GameFan Magazine (originally known as Diehard GameFan Magazine) was a publication started by Dave Halverson in 1992 that provided coverage of domestic and import video games. It was notable for its extensive use of game screenshots in page design. reported (Aug. 1995), "(Captain Quazar) is the kind of game that will vault the 3DO to the next level." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. NEXT Generation magazine (Nov. 1995), "BattleSport may be 3DO's next `killer app'." Captain Quazar and BattleSport are scheduled to be available for 32-bit 3DO Interactive Multiplayer(TM) systems in late December for a suggested retail price of $59.95 each. Studio 3DO plans to release four titles in the December quarter, bringing the total number of titles released by the group to nine since fall 1994. In addition, Studio 3DO has 10 M2 titles in development and is planning an aggressive ramp in software development and publishing for M2, PC, and Internet platforms in 1996 and beyond. The 3DO Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : THDO), headquartered in Redwood City, Calif., designs, integrates and sells interactive technology and applications for the mass market. With offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia, the company licenses technologies and creates entertainment software for the 32-bit and 64-bit video game platforms, personal computer market, and the Internet. Additional company information is available on the World Wide Web (http://www.3do.com) and on America Online (keyword: 3DO). -0- Note to Editors: 3DO, the 3DO logos, Captain Quazar, and BattleSport are trademarks and/or registered trademarks of The 3DO Company. All other brand or product names are trademarks and/or registered trademarks of their respective owners. Captain Quazar and BattleSport screen shots are available. Contact Chris Bateman at 415/261-3229. CONTACT: Access Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Garth Bradley, 415/904-7070 Ext.283 or The 3DO Company Diane Hunt, 415/261-3214 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion