Buena Vista Games to Acquire Award-Winning Climax Racing.Addition of UK Studio Furthers Buena Vista Games' Commitment to Quality and Creativity BURBANK, Calif. & LONDON -- Buena Vista Games, Inc. (BVG BVG Bundesverfassungsgericht (highest German court) BVG Bureau du Vérificateur Général du Canada (auditor general) BVG Best Value Guarantee BVG Berliner Verkehrs Gesellschaft BVG Borrowdale Volcanic Group ), the interactive entertainment affiliate of The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Company (NYSE NYSE See: New York Stock Exchange :DIS), today announced the acquisition of the award-winning Climax Racing from Climax Group Climax Group is an independent video game development company with two studios. Climax has released many games for all the major consoles: Sony PlayStation 2, Nintendo GameCube and Game Boy Advance, and Microsoft Xbox. Ltd. The studio is of both strategic and geographic importance to BVG as it becomes the third internal studio, and the first in Europe, that BVG has added to its development capacity. BVG currently operates development studios in Vancouver, British Columbia (Propaganda Games), and Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. (Avalanche Software). The addition of Climax Racing allows BVG to create triple-A racing titles that meet the highest standards for creativity and quality. Terms of the deal are not being disclosed. The deal is expected to close in early October. "The acquisition of Climax Racing aligns perfectly with our strategic and geographic goals by allowing us to both reach into new genres and new markets for creative talent," said Graham Hopper, senior vice president and general manager, Buena Vista Games. "Adding Climax Racing to our creative family will provide an additional catalyst for our continued growth in the video games market." "As a premier, award-winning studio that has created some of the best racing titles of all time, Climax Racing is an ideal component of BVG's expanding portfolio of development talent," said Karl Jeffery, founder and chief executive officer of Climax. Climax Racing is known as a leading developer of racing games, including its critically-acclaimed work on the best-selling franchises MotoGP and ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. Offroad[R] Fury. The studio and its products have won or been nominated for dozens of awards, including winning four IGN IGN Ignored (Status) IGN Institut Geographique National IGN Ignition IGN Instituto Geografico Nacional (Spain) IGN Imagine Games Network IGN In-Game Name (gaming) "Best of Show" awards at E3 2006. Tony Beckwith, co-founder of the studio, has been named vice president and general manager of Climax Racing as it continues its creative direction under BVG. Climax Racing is based in Brighton, England, and employs more than 100 talented video game artists, programmers and designers. "The Walt Disney Company holds one of the largest and most exciting portfolios of intellectual property in the world, and through BVG, we look forward to having access to the company's deep resources in the video games space to continue creating remarkable interactive entertainment," said Beckwith. "This promises to be a mutually beneficial relationship and we believe that together we will make outstanding games for the next generation and beyond." About Climax Racing Climax Racing was established in early 2000, with the goal of becoming the industry's premier vehicle game development house. With carefully managed and rapid growth, it has evolved into a three team studio employing over one hundred people, working for some of the largest publishers in the business on current and next-generation consoles. Using its proprietary render engine and DYNE dyne (dīn), unit of force in the cgs system of units, which is based on the metric system; an acceleration of 1 centimeter per second per second is produced when a force of 1 dyne is exerted on a mass of 1 gram. physics libraries the studio has become experienced at producing triple-A, critically acclaimed titles in very competitive development times. About Buena Vista Games Buena Vista Games, Inc. (BVG) is the interactive entertainment affiliate of The Walt Disney Company. BVG develops, publishes, markets and distributes a broad portfolio of multi-platform video games and interactive entertainment worldwide. The company also licenses properties and works directly with third-party interactive game publishers to bring products for all ages to market. For more information, please log on to www.bvg.com. About Climax Founded in 1988 by Karl Jeffery, Climax has grown to become the world's leading independent video game developer. At the cutting edge of the games industry, Climax develops technologically advanced and critically acclaimed interactive games software for all major console platforms. The company works with major worldwide publishers such as Microsoft, SCEA SCEA Sony Computer Entertainment America SCEA Sun Certified Enterprise Architect SCEA South Carolina Education Association SCEA Silicon Valley Chinese Engineers Association SCEA Society of Cost Estimating and Analysis SCEA Southeast Center for Education in the Arts , Buena Vista Games and THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters to create such hit titles as ATV Offroad Fury ATV Offroad Fury is a hit PlayStation 2/PlayStation Portable Racing game, released in February 2001. Developer ATV Offroad Fury and its sequel ATV Offroad Fury 2 were developed by Rainbow Studios, whose work includes the Splashdown 3, Sudeki and the MotoGP series on Xbox, Xbox 360 and PC. Climax is headquartered in Portsmouth, England. Additional information on Climax is available at www.climaxgroup.com. |
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