Ubisoft Buy "Tom Clancy" Name

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Ubisoft Buy "Tom Clancy" Name

Postby [Prey] » Thu Mar 20, 2008 5:38 pm

[i]SAN FRANCISCO – March 20, 2008 – Today, Ubisoft, one of the world's largest video game publishers, announces that it has concluded an agreement with Mr. Tom Clancy to acquire all intellectual property rights to the Tom Clancy name, on a perpetual basis and free of all related future royalty payments, for use in video games and ancillary products including related books, movies and merchandising products.

The price of this all cash acquisition is not currently disclosed. Post acquisition, Ubisoft expects to have a net cash position of around 130 million Euros by the end of fiscal 2007-08, compared to a previous expectation of approximately 150 million Euros. Additional payments will be made as well in fiscal 2008-09 and fiscal 2009-10.

On the basis of past performance of Tom Clancy branded video games, and excluding any potential contribution coming from sales of ancillary products, the royalty savings generated by this acquisition are estimated to have an average positive impact on Ubisoft's operating income of a minimum of 5 million Euros per year.

"After ten years of a highly successful collaboration which has seen the creation of blockbusters that set standards in the videogame industry, such as Tom Clancy's Splinter Cell, Tom Clancy's Ghost Recon, and Tom Clancy's Rainbow Six, today, acquiring the perpetual property rights of the Tom Clancy name for video games and related projects is a major event,â€

Jay
 
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Postby Jay » Thu Mar 20, 2008 5:53 pm

Didn't Ubisoft say they were pulling out of the FPS market? Or am I thinking of something else
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Willem
 
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Postby Willem » Thu Mar 20, 2008 5:55 pm

Just scaling down their hardcore FPS games, I think.

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Postby tester02 » Thu Mar 20, 2008 5:56 pm

Exciting times.

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Postby Jim » Thu Mar 20, 2008 5:58 pm

What name does Mr Clancy use when he's out and about now then?

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Postby BlahBlah » Thu Mar 20, 2008 6:00 pm

Tom

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Postby [Prey] » Thu Mar 20, 2008 6:02 pm

Mr. Ubisoftpwnzu.

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Postby Chickenboy » Thu Mar 20, 2008 6:29 pm

Ding Chavez
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:Dan
 
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Postby :Dan » Thu Mar 20, 2008 7:06 pm

:lol:

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Postby Jim » Thu Mar 20, 2008 10:26 pm

lol good one :D

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Postby tester02 » Thu Mar 20, 2008 10:27 pm

lol

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Subway Diet
 
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Postby Subway Diet » Thu Mar 20, 2008 11:21 pm

Chickenboy wrote:Ding Chavez
Louis Loiselle


Ha ha ha ha
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SHUT UP!

:(
End of an Era

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Postby Jaffacake_killer » Sun Mar 23, 2008 10:17 pm

:lol:

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