| Take Two's Gathering of Developers Subsidiary to Release the Highly Anticipated Pc Version of Duke Nukem Forever Take Two's Gathering of Developers Subsidiary to Release the Highly Anticipated Pc Version of Duke Nukem Forever
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) announced today that it acquired the exclusive publishing rights for the best-selling franchise of Duke Nukem PC and video games from Infogrames, Inc. (NASDAQ:IFGM). The acquisition by Take-Two includes the back catalog rights to more than six Duke Nukem products, as well as the PC, console and sequel rights to the upcoming Duke Nukem Forever title, the highly anticipated sequel to the PC blockbuster Duke Nukem 3D. Duke Nukem products have sold more than 0 million worldwide since the launch of Duke Nukem 3D in 1995, making Duke Nukem one of the most commercially successful product franchises in gaming history. Take-Two's Gathering of Developers PC publishing subsidiary expects to launch Duke Nukem Forever in the second half of 2001. Also, Take-Two's Rockstar Games console publishing subsidiary expects to develop several versions of the product in the future for next-generation console platforms. Duke Nukem creator and developer 3D Realms is also working with Take-Two's Gathering of Developers on another major PC release for 2001, Max Payne, and with Rockstar Games, on a Duke Nukem title for PlayStation(R)2. "With the addition of Duke Nukem Forever to an already outstanding 2001 line-up of compelling PC content, which includes Oni, Tropico, Grand Theft Auto 3 and Max Payne, Take-Two and Gathering are heading into what should prove to be the most exciting and rewarding year in their history as PC publishers," said Larry Muller, Chief Operating Officer of Take-Two." "We are extremely excited about collaborating with Gathering of Developers and Rockstar Games on our strong line-up of next-generation titles," said Scott Miller, President and co-founder of 3D Realms. "Both the Gathering and Rockstar labels exemplify the attitude and commitment to quality that will make our upcoming titles hugely successful. It's going to be a great year." "The acquisition of the Duke Nukem franchise of products reflects Take-Two's and Gathering's ability to attract and develop excellent relationships with the very best talent in the industry," said Mike Wilson, co-founder and Chief Executive Officer of Gathering of Developers. "We believe that Duke Nukem Forever will be the most successful PC release of 2001, and we are especially pleased to be able to bring this game to market."
Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor, and publisher of interactive entertainment software games and accessories for the PC, PlayStation, Nintendo 64, Nintendo Game Boy Color, Sega Dreamcast and the PlayStation 2. The Company publishes and develops products through various wholly owned subsidiaries including: Rockstar Games, Gathering of Developers, TalonSoft, Joytech, DMA Design, PopTop and under the Take-Two brand name. The Company's Jack of All Games value added distribution arm maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Oslo, Vienna, Stockholm, Copenhagen, Milan and Sydney.
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Safe Harbor Statement under the Private Securities Reform Act of 1995: The statements contained herein which are not historical facts (including statements such as "intends", "believes", "anticipates", and "expects") are forward-looking statements that involve risks and uncertainties including, but not limited to: risks associated with the Company's future growth and operating results; the ability of the Company to successfully integrate the operations and personnel of newly acquired companies; the availability of adequate sources of financing to fund periodic cash flow shortages; the timing and availability of hardware platform releases; credit risks; seasonal factors; inventory obsolescence; technological change; competitive factors; product returns; failure of retailers to sell-through the Company's products; and unfavorable general economic conditions, any, or all of which, could have a material adverse effect on the Company's business, operating results, including results for the Company's fourth quarter of 2000 and fiscal 2001, and financial condition. The Company's actual operating results may vary significantly from such forward-looking statements. Take-Two has no obligation to update forward-looking statements contained in this press release.
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Press Releases
Duke Announced - November 2, 1999