Insomniac Inks Deal With EA Partners For New IP
Section of Press Release:
New Franchise Marks the Independent Studio’s First Multiplatform Release
Redwood Shores, Calif. – May 25, 2010 – Today, Electronic Arts Inc. (NASDAQ: ERTS) announced a publishing agreement with independent developer Insomniac Games that will bring the studio’s upcoming, all-new franchise to the PlayStation®3 computer entertainment system and the Xbox 360® videogame and entertainment system. This will be the first multiplatform release in Insomniac’s storied 16-year history. Published through the distinguished EA Partners program, the new title will mark the introduction of a brand new universe from Insomniac, creators of the universally-acclaimed Spyro the Dragon, Ratchet & Clank and Resistance franchises that have combined to sell more than 35 million copies worldwide. The still unnamed title is in production at the company’s Burbank studio. Terms of the agreement were not disclosed.
“Working with EA Partners allows us to extend the reach of our games to a multiplatform audience while retaining ownership of the intellectual property,” said Ted Price, founder and CEO of Insomniac Games. “We are excited and eager to introduce Insomniac to a new group of gamers while reinforcing to our loyal fans what makes our games special.”
This is great news for gamers everywhere. A new IP, on multiple consoles, and Insomniac’s games will benefit from a longer development cycle meaning we get a better product. They make great games that deserve to be played by everyone.