Six-Year Relationship Evolves Into Creation of New 'EA Salt Lake' Studio
REDWOOD SHORES, Calif., Nov 30, 2006 (BUSINESS WIRE) -- Electronic Arts Inc. (NASDAQ:ERTS) today announced that the
development team at Utah-based developer Headgate Studios, Inc. has
joined EA. EA has partnered with Headgate since 2000 to develop top
franchises such as Tiger Woods PGA TOUR® and Madden NFL. The
development team will remain in Bountiful, Utah and will continue to
work in partnership with the EA development teams in California and
Florida. Terms of the transaction were not disclosed.
Vance Cook, Chief Executive Officer and Founder of Headgate will
continue to lead the studio team as Executive Producer, reporting to
Nick Earl, Vice President and General Manager of EA Redwood
Shores/Maxis.
"Having worked with EA for the past six years, we know their teams
share our work ethic, passion for creative excellence and commitment
to quality. By joining EA, we are making official what we all already
feel -- that we are part of the EA family. We couldn't be happier,"
said Vance Cook, Executive Producer at EA Salt Lake.
"The team at Headgate is a great fit with EA's creative team.
Their creative spirit and technical leadership have separated them
from the pack," said Paul Lee, President of EA Studios. "Salt Lake
City is a terrific place to make games -- it's a dynamic city with a
vibrant creative community and a great quality of life. We are
thrilled to have them join EA."
The team at EA Salt Lake will focus on development for the
Nintendo Wii.
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City,
California, is the world's leading interactive entertainment software
company. Founded in 1982, the company develops, publishes, and
distributes interactive software worldwide for videogame systems,
personal computers, cellular handsets and the Internet. Electronic
Arts markets its products under four brand names: EA SPORTS™,
EA™, EA SPORTS BIG™ and POGO™. In fiscal 2006, EA posted
revenue of $2.95 billion and had 27 titles that sold more than one
million copies. EA's homepage and online game site is www.ea.com. More
information about EA's products and full text of press releases can be
found on the Internet at http://info.ea.com.
Electronic Arts, EA, EA SPORTS, EA SPORTS BIG and POGO are
trademarks or registered trademarks of Electronic Arts Inc. in the
U.S. and/or other countries. John Madden Football, NFL, Tiger Woods &
PGA TOUR are trademarks of their respective owners and used with
permission.
Some statements set forth in this release, including those
regarding EA's acquisition of Headgate Studios, Inc. and the expected
impact of the acquisition on EA's strategic and operational plans and
financial results, contain forward-looking statements that are subject
to change. Statements including words such as "anticipate", "believe",
"estimate", "expect" or "will" and statements in the future tense are
forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that could cause actual events or
actual future results to differ materially from the expectations set
forth in the forward-looking statements. Some of the factors which
could cause results to differ materially from the expectations
expressed in these forward-looking statements include the following:
the effect of the announcement of the acquisition on EA's and
Headgate's strategic relationships, operating results and business
generally, including the ability to retain key employees; EA's ability
to successfully integrate Headgate's operations and employees; general
economic conditions; and other factors described in EA's SEC filings
(including EA's Annual Report on Form 10-K for the year ended March
31, 2006 and Quarterly Report on Form 10-Q for the quarter ended
September 30, 2006.) If any of these risks or uncertainties
materializes, the potential benefits of the acquisition may not be
realized, EA's operating results and financial performance could
suffer, and actual results could differ materially from the
expectations described in these forward-looking statements. EA assumes
no obligation to update these forward-looking statements, which speak
only as of the date of this release.
SOURCE: Electronic Arts Inc.