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Electronic Arts Wins ‘Star Wars’ Game License From Disney

4 views - published on May 8th, 2013 in Disney News tagged , , ,

Electronic Arts Inc. (EA), a second- largest video-game publisher, reached a multiyear agreement with Walt Disney Co. (DIS) to emanate games formed on “Star Wars” characters after Disney pronounced it would stop creation them itself.

Under a agreement announced yesterday, Electronic Arts, formed in Redwood City, California, gains a right to rise new “Star Wars” titles for diversion consoles, computers and mobile devices. Disney will “retain certain rights to rise new titles within a mobile, social, inscription and online diversion categories,” a companies pronounced in a corner statement.

The deal, terms of that weren’t disclosed, expands on an existent agreement Electronic Arts (EA) had with Lucasfilm Ltd. to permit “Star Wars” characters for an online multiplayer pretension for personal computers called “Star Wars: The Old Republic.”

Disney in Oct concluded to buy Lucasfilm in a money and batch understanding valued during about $4.05 billion, adding to franchises it already owns including Pixar and Marvel. In April, it pronounced it would shiver LucasArts, a San Francisco-based game-making bend of Lucasfilm with a devise of chartering other companies to make “Star Wars” games rather than rise them internally.

“Our agreement unlocks a whole new destiny of ‘Star Wars’ games that will camber consoles, PCs, tablets, mobile and more,” Frank Gibeau, boss of Electronic Arts’ Labels unit, pronounced in a blog posting yesterday.

Electronic Arts rose as most as 2.8 percent in extended trade after climbing 1.9 percent to $18.29 during a tighten in New York yesterday. Disney, formed in Burbank, California, rose reduction than 1 percent during a tighten to $65.06.

To hit a contributor on this story: Cliff Edwards in San Francisco during cedwards28@bloomberg.net

To hit a editor obliged for this story: Anthony Palazzo during apalazzo@bloomberg.net