Electronic Arts Acquires DreamWorks Interactive From Microsoft And DreamWorks SKG.Creators of Medal of Honor and Lost World: Jurassic Park to Join EA
REDWOOD CITY, Calif., Feb. 24 /PRNewswire/
-- Electronic Arts (Nasdaq: ERTS ERTS Electronic Arts, Inc. (stock symbol)
ERTS Earth Resources Technology Satellite (US NASA)
ERTS Embedded Real Time Systems
ERTS Enhanced Remote Transit Shed ), the world's largest interactive entertainment software company, today announced the acquisition of multimedia developer DreamWorks Interactive, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control . Under the agreement, DreamWorks Interactive (DWI An abbreviation for driving while intoxicated, which is an offense committed by an individual who operates a motor vehicle while under the influence of alcohol or Drugs and Narcotics. ) will become a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Electronic Arts. Financial terms were not disclosed.
Steven Spielberg, whose vision led to the creation of DreamWorks Interactive, said, "We have been extremely pleased with the working relationship that has developed over the past two years with Electronic Arts. EA brings world-class production processes, strong global distribution and an unmatched marketing infrastructure to add to DreamWorks Interactive's top-notch creative talent."
Formed as a joint venture in March 1995 by Microsoft and DreamWorks SKG, DreamWorks Interactive is known for such top-selling PlayStation(R) titles as Lost World: Jurassic Park(TM) and the highly-acclaimed new release Medal of Honor(TM).
EA's President of Worldwide Studios Don Mattrick said, "DreamWorks Interactive is a gifted creative team, with an impressive portfolio of innovative interactive entertainment titles. We're very excited about bringing this team to EA and helping them develop the next generation of titles."
DreamWorks Interactive is a joint venture between Microsoft Corp. and DreamWorks SKG formed to create interactive entertainment software that combines great gameplay and technology with rich production values, compelling story-telling and involving characters. Titles released to date are Lost World: Jurassic Park, Trespasser(TM), Medal of Honor, Skullmonkeys(TM), The Neverhood, Goosebumps: Escape From Horrorland, Someone's In the Kitchen!(TM) and Steven Spielberg's Director's Chair Steven Spielberg's Director's Chair was a simulation game created and published by Knowledge Adventure for Windows and Macintosh. It was released in 1996 in the United States of America. .
Electronic Arts, headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , is the world's leading interactive entertainment software company. Founded in 1982, Electronic Arts posted revenues of more than $1.2 billion for fiscal 1999. The company develops, publishes and distributes software worldwide for personal computers and video game systems such as the PlayStation(R) and the Nintendo(R) 64. Electronic Arts markets its products under eight brand names: Electronic Arts(TM), EA SPORTS(TM), Maxis(TM), ORIGIN(TM), Bullfrog bullfrog, common name of the largest North American frog, Rana catesbeiana. Native to the E United States, this species has been successfully introduced in the West and in other parts of the world. The body length is 4 to 8 in. (TM) Productions, Westwood Studios(TM), Gonzo Games(TM) and Jane's(R) Combat Simulations. EA has international subsidiaries or distribution in more than 75 countries worldwide. The company has thirteen major development operations located throughout the world based in Redwood City, Carlsbad, Irvine and Walnut Creek, Calif.; Baltimore, Maryland; Austin, Texas; Maitland, Florida; Seattle, Washington; Las Vegas, Nevada; Vancouver, British Columbia; the Gold Coast, Australia; the United Kingdom and Japan. More information about EA's products and full text of press releases can be found on the Internet at http://www.ea.com.
NOTE: Electronic Arts, EA SPORTS, Maxis, ORIGIN, Bullfrog, Westwood Studios and Gonzo Games are trademarks or registered trademarks of Electronic Arts in the U.S. and/or other countries. Jane's is a registered trademark of Jane's Information Group Ltd. DreamWorks Interactive and Medal of Honor are trademarks of DreamWorks L.L.C. Microsoft is a registered trademark of Microsoft Corporation. Jurassic Park is a registered trademark of Universal City Studios, Inc. and Amblin Entertainment, Inc., licensed by MCA/Universal Merchandising, Inc. PlayStation is a registered trademark of Sony Computer Entertainment, Inc. All other trademarks are the property of their respective owners.