Titles to Hit Next-Generation Gaming
Consoles in 2003
Business/Entertainment Editors & Retail/Video Game Writers
CALABASAS, Calif.--(BUSINESS WIRE)--May 15, 2002--TDK Mediactive,
Inc. (OTC:TDKM), a global publisher of interactive entertainment
software, announced today that a five-year worldwide licensing
agreement has been forged with the Chevrolet(R) division of General
Motors Corporation (NYSE:GM). Under the agreement, TDK Mediactive now
has publishing and distribution rights for interactive video games
based on the Chevrolet license, specifically dedicated to the
Corvette(R) 50th Anniversary.
"The acquisition of this significant automotive license will
considerably bolster the 2003 TDK Mediactive line-up," said Vincent
Bitetti, chief executive officer of TDK Mediactive. "The Corvette is a
widely known and respected brand of sports automobile, and we intend
to develop a strong franchise of games that will provide automobile
enthusiasts and gamers alike the chance to experience its incredible
power, heart-stopping speed and extensive history."
About TDK Mediactive, Inc.
Southern California-based TDK Mediactive, Inc. is a global
publisher of high-quality interactive entertainment software for the
PlayStation(R) 2 computer entertainment system, PS one(TM) game
console, Xbox(TM) video game system from Microsoft, and the Nintendo
GameCube(TM), Game Boy(R) Advance and Game Boy(R) Color systems. The
company also publishes titles for personal computers via a
co-publishing agreement with Activision Value, a subsidiary of
The company's games are based on licensed and original content
derived from major motion pictures, video franchises, popular
literature and popular culture. TDK Mediactive has exclusive
technology and content licenses with Sony Computer Entertainment
America Inc., Microsoft Corporation, Nintendo of America Inc.,
DreamWorks SKG, Vivendi Universal Studios, Mattel, Inc., Classic
Media, R & S Trading, BKN International, DC Comics, Hallmark
Entertainment Distribution LLC, BDSP Inc., The Jim Henson Company,
General Motors Corporation and others.
TDK Mediactive is 73% owned by TDK USA Corp., and is part of TDK
Corporation's (NYSE:TDK) global effort to expand its offerings to
consumers of entertainment-oriented products. More information about
TDK Mediactive and its products is available at
This release contains forward-looking statements. These statements
are subject to certain risks and uncertainties that could cause actual
results to differ materially from those anticipated in the
forward-looking statements. Readers should not place undue reliance on
forward-looking statements, which reflect management's view only as of
the date hereof. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect subsequent events
or circumstance. Readers should carefully review the risk factors
described in the documents the Company files from time to time with
the Securities and Exchange Commission.
Note: Chevrolet, Corvette, CORVETTE 50th ANNIVERSARY LIMITED
EDITION Trademark(s), Emblem(s) and vehicle model body design(s) are
General Motors Trademarks used under license to TDK Mediactive.
Official GM licensee authorization number: 99-7502-40611.
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