REDWOOD CITY, Calif.--(BUSINESS WIRE)--Feb. 12, 2007--Electronic
Arts Inc. (NASDAQ:ERTS) today announced the acquisition of SingShot
Media, a San Francisco-based online karaoke community. SingShot's
web-based social networking platform allows site members to record
their own renditions of famous songs, share their recordings with
friends, rate and comment on other members' tracks, customize
recordings with photos and videos, and compete in a variety of
contests. The acquisition will help accelerate EA's efforts in
community-building and promoting user-generated content through a
unique music platform. Financial terms of the agreement were not
disclosed.
Upon completion of the acquisition, SingShot CEO Ranah Edelin and
CTO Niranjan Nagar will enter EA in the roles of Vice President. Prior
to co-founding SingShot, Edelin and Nagar were part of the core team
at Listen.com, the company that built the award-winning Rhapsody
digital music subscription service which was sold to RealNetworks.
Since February 2006, Edelin and Nagar have built a team and technology
focused on establishing and maintaining live communities. The five
person SingShot team will join the EA Sims Division. The technology
can be applied to several different community projects within EA.
Nancy Smith, Executive Vice President and Group General Manager at
EA commented, "We are thrilled to bring the SingShot team into EA.
They are tremendously talented, technically adept and true experts in
developing user-generated communities through music. We see a bright
future for the technology and each of these individuals within EA."
For more information about SingShot Media, please visit:
www.singshot.com
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 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. All other trademarks are the property of
their respective owners.