Eidos Interactive Teams Up With Michael Crichton's Timeline Studios in a Major Publishing and Investment Deal.LOS ANGELES--(BUSINESS WIRE)--May 13, 1999-- Timeline Studios, the newly formed computer gaming company of best-selling author Michael Crichton, and Eidos (Nasdaq:EIDSY), one of the world's leading developers and publishers of interactive entertainment, today announced the signing of a major publishing and investment deal. In the agreement, Eidos has taken a long-term equity stake in Timeline Studios. The investment will fund the development of a series of cutting-edge titles based on new Crichton properties. The first, as yet unnamed, title from Timeline Studios is expected to be published in the first half of 2000. Timeline Studios, based in Cary, North Carolina Cary is the second largest municipality in Wake County, North Carolina and the third largest municipality in The Triangle (North Carolina) behind Raleigh and Durham. It is the seventh largest municipality in North Carolina. , was formed by Michael Crichton, the author of such bestsellers as "Jurassic Park" and "Disclosure," Virtus Corporation, the leader in interactive 3D software and Michael Backes a renowned Hollywood visual effects supervisor. Using Virtus' OpenSpace 3D technology Timeline will develop next-generation computer games with an unprecedented level of realism and interactivity. "We're excited about the possibility of combining the design innovation of our Timeline Studios team with the marketing expertise of Eidos Interactive Eidos Interactive is a publisher of video and computer games with its parent company based in England. It is now part of the Eidos Group of Companies and is a subsidiary of SCi Entertainment Group PLC that is publicly-traded on the London Stock Exchange. ," commented Michael Crichton. "An engrossing engrossing, in English law, practice of acquiring a monopoly of goods in order to sell them at an inflated price. The offense was ordinarily limited to monopolies of foods. Related practices were forestalling, i.e. and original storyline married with realistic interactive environments is a major key to a successful computer game," says Charles Cornwall, chief executive officer of Eidos PLC. "Michael Crichton and Timeline Studios are in a unique position to deliver this kind of quality content. We are looking forward to an exciting, profitable and long-term partnership." Commenting on the deal, Mark Baric, Virtus president and chief executive officer, said "Eidos brings to Timeline the ability to create enormously successful game franchises such as Tomb Raider, Fighting Force Fighting Force is a 1997 3D beat 'em up developed by Core Design and published by Eidos in the same lines of classics such as Streets of Rage and Double Dragon. and Commandos. We are fortunate to have them as a partner in this venture." About Timeline Studios Timeline Studios will develop a new line of action-packed, immersive 3D computer games that will establish a new standard for realism and interactivity. Timeline Studios expects to release its first entertainment products during the first half of 2000. For more information, call 919/468-2012 or visit Timeline Studios at http://www.timelinestudios.com. About Virtus Corporation Privately held Virtus Corporation, headquartered in North Carolina's Research Triangle, is a pioneer in interactive 3D software and applications for the desktop and the Internet. Virtus develops interactive 3D software tools for creating business applications and entertainment titles as well as custom business applications through their professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization. Virtus also creates custom versions of OpenSpace 3D for redistribution. Virtus' investors include Intel, Motorola, TL Ventures and Southeast Interactive. Virtus co-founded, and currently co-own, both Red Storm Entertainment Red Storm Entertainment is a wholly owned subsidiary of Ubisoft Entertainment, specializing in PC games, console games, and related merchandise mainly based on the works of the writer Tom Clancy. The headquarters for Red Storm is located in Morrisville, North Carolina. and Timeline Studios. Both are multi-media gaming companies that produce and market interactive computer games. Red Storm Entertainment, the producer of Rainbow Six was formed with author Tom Clancy For the member of the Irish folk band The Clancy Brothers, see Tom Clancy (singer) and for the American Celticist, see Thomas Owen Clancy. Thomas Leo Clancy Jr. (born April 12 1947), better known as Tom Clancy and Timeline Studios was formed with author Michael Crichton. More information about Virtus, its product and services can be found at http://www.virtus.com. About Eidos Eidos Interactive, Inc. is a leading developer and publisher of interactive entertainment products for the PC and PlayStation. Eidos Interactive is part of London-based Eidos plc (Nasdaq:EIDSY) with additional offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ; Paris, France; Hamburg, Germany; and Tokyo, Japan. The company development studios include: Eidos Interactive, Core Design, Crystal Dynamics Crystal Dynamics is an American video game developer based in the San Francisco Bay Area. It was acquired by Eidos Interactive, a British video game publisher, in 1998, and is still part of the Eidos group. , and Pumpkin Studios. Eidos holds additional exclusive publishing agreements with ION Storm, Pyro Studios, Mucky Foot, Innerloop, and Hothouse hothouse: see greenhouse. Creations. Eidos plc also includes Eidos Technologies, a software-based video compression company, and Glassworks glass·work n. 1. a. The manufacture of glassware or glass. b. The cutting and fitting of glass panes; glaziery. 2. See glassware. 3. glassworks (used with a sing. , a state-of-the-art post-production facility specializing in digital special effects for the television, feature film and advertising industries. For more information on Eidos Interactive's product line, visit http://www.eidosinteractive.com. |
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