Business Services Industry
Electronic Arts, Mpath announce online game agreement and investment
Business Wire, April 3, 1997
SAN MATEO, Calif.--(BUSINESS WIRE)--April 3, 1997--Electronic Arts (NASDAQ:ERTS), a leading global interactive entertainment software company, and Mpath Interactive, a privately held Internet entertainment company, today announced a license agreement that will bring several of Electronic Arts' titles to the Mplayer service.
The pact will provide the Electronic Arts (EA) titles to Mplayer, Mpath's award-winning Internet multiplayer game service, on an exclusive basis. In addition, Electronic Arts has made a minority investment in Mpath. Financial terms were not disclosed.
Larry Probst, chairman and CEO of Electronic Arts, said, "We are pleased to announce our relationship with Mpath. As one of the leaders in online game services, Mpath is an excellent choice for expanding our audience to a whole new group of players who are looking for a fast-action multiplayer gaming experience."
"We are delighted to have a partner like Electronic Arts," said Paul Matteucci, President and CEO of Mpath. "EA has been the most consistent developer of hit games over the last several years. Their decision to partner with us clearly indicates EA's intention to play a leadership role in the evolving on-line gaming market."
The agreement comes on the heels of PC Gamer's selection of Mplayer (www.mplayer.com) as the leading multiplayer game service. In its April edition, the magazine gave Mplayer its highest rating, citing the service's speed, ease of use and quality opponents. In recent weeks Mplayer has won similar acknowledgment from Computer & Net Player, GameSpot and Network Computing.
The companies also said that Electronic Arts will utilize Mpath Foundation, the technology and business systems behind Mplayer, to deploy additional offerings on the World Wide Web under its own brands.
About Electronic Arts
Electronic Arts, headquartered in San Mateo, is a leading interactive entertainment software company. Founded in 1982, EA posted revenues over $530 million for fiscal 1996. The company develops, publishes and distributes software worldwide for personal computers and advanced entertainment systems such as the PlayStation and Sega Saturn.
Electronic Arts markets its products worldwide under five brand names: Electronic Arts, EA SPORTS, Origin Systems Inc., Bullfrog Productions Ltd. and Jane's Combat Simulations. EA has international subsidiaries in Australia, Canada, France, Germany, Japan, Singapore, South Africa, Spain, Sweden, and the United Kingdom, and US development operations in San Mateo, Calif.; Baltimore, Maryland; Austin, Texas; and Seattle, Washington.
More information about EA's products and full text of press releases can be found on the Internet at http://www.ea.com .
About Mpath
Mpath Interactive is a company dedicated to providing interactive entertainment that encourages social interaction on the Internet. The first service to exploit Mpath's capabilities is Mplayer, the multiplayer online gaming service. In addition, through the Mpath Foundation, these capabilities are made available to other leading developers of interactive entertainment.
Founded in early 1995, Mpath has combined creative, technical and management talent from a variety of industry disciplines, including online services, game development, UNIX system software design, multimedia, personal computer I/O and networking. Mpath is located in Mountain View, Calif.; its major investors include Institutional Venture Partners, Accel Partners, Sutter Hill Ventures and SegaSoft, Inc.
Mpath is located on the Internet at http://www.mpath.com . Mpath can be reached at 408/366-1735. -0-
Note to Editors: Mplayer, the Mplayer logo and Mpath are trademarks of Mpath Interactive. Electronic Arts, EA SPORTS, Origin Systems and Bullfrog Productions are trademarks or registered trademarks of Electronic Arts or its wholly owned subsidiaries. Jane's is a registered trademark of Jane's Information Group, Ltd. used under license. PlayStation is a trademark of Sony Computer Entertainment Inc. Sega Saturn are trademarks of Sega Enterprises, td. All other trademarks are the property of their respective owners.
CONTACT: Electronic Arts
Pat Becker, 415/513-7523 (Corporate Comm.)
Caroline Hughes, 415/513-7860 (Investor Relations)
or
Edelman Worldwide
Paula Fujimoto or Marivi Lerdo, 415/968-4033
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
