ACCLAIM OBTAINS EXCLUSIVE INTERACTIVE RIGHTS TO MARVEL MOVIE, TV PROPERTIES.OYSTER BAY Oyster Bay, uninc. area (1990 pop. 6,687) of the Town of Oyster Bay, Nassau co., SE N.Y., on N Long Island, on Long Island Sound; settled 1653. It is chiefly residential. , NY--(BUSINESS WIRE)--Feb. 21, 1995 -- Strengthening an already powerful union, Acclaim Entertainment, Inc. (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 : AKLM AKLM Acclaim Entertainment, Inc. (stock symbol) ) and Marvel Entertainment Group, Inc. (NYSE NYSE See: New York Stock Exchange : MRV MRV minute respiratory volume. ) have entered into a broad agreement whereby Acclaim will obtain exclusive rights to publish interactive software titles based on Marvel live-action movie and television properties. Properties Marvel is currently developing for film or TV include Spider-Man, The Fantastic Four, The Hulk, Luke Cage, Blade and Ghost Rider. The agreement represents an expansion of Acclaim's existing relationship with Marvel whereby A.D.I, Acclaim Distribution, Inc., distributes properties under the Marvel Software label and includes such popular characters as Iron Man, Wolverine wolverine or glutton, largest member of the weasel family, Gulo gulo, found in the northern parts of North America and Eurasia, usually in high mountains near the timberline or in tundra. , X-Men and Maximum Carnage 2. "We are pleased to expand our successful relationship with Marvel and look forward to working with them in bringing the dynamic Marvel properties to the interactive entertainment marketplace," says Robert Holmes, president of Acclaim. "The broadening of our agreement allows Acclaim to grow the Marvel Universe, bringing them into the newest areas of technology." Under the agreement, Acclaim obtains exclusive rights to Marvel movie and television properties for home video, coin-op arcade and PC-based interactive entertainment, including the Spider-Man movie directed by James Cameron and The Fantastic Four film directed by Chris Columbus. Additionally, Acclaim will develop future games based on other Marvel characters, including Maximum Carnage 2, X-Men, Wolverine and Spider-Man. Acclaim is scheduled to release its new Spider-Man video game this spring, based on the FOX-TV animated series. Marvel Entertainment Group, Inc., a leading youth entertainment company, is the largest publisher of comic books in North America. Owners of Spider-Man, X-Men and countless other characters, Marvel sells more than 100 million comic books annually. Other Marvel operations include Fleer fleer intr.v. fleered, fleer·ing, fleers To smirk or laugh in contempt or derision. n. A taunting, scoffing, or derisive look or gibe. , a leading marketer of sports picture cards and confectionery products; and Toy Biz, Inc., an innovative toy company. Acclaim Entertainment, Inc., with offices in Canada, France, Germany, Japan, Spain and the United Kingdom, is a leading worldwide publisher of: software and peripherals for Nintendo, Sega, Sony, personal computer and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). hardware systems; coin-operated arcade games; and comic books under the Valiant, Armada and Windjammer imprints. Acclaim also operates blue screen and motion capture studios, and A.D.I., a global sales and distribution company for products from a variety of entertainment software publishers, including Acclaim, Digital Pictures and Marvel. Acclaim, which recently formed a new company with Tele-Communications, Inc. for electronically distributed interactive entertainment, is publicly traded on the NASDAQ National Market System under the symbol AKLM. CONTACT: Allyne Mills Dan Harnett 516/624-2350 |
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