VIACOM CONSUMER PRODUCTS AND ACTIVISION REACH AGREEMENT TO
SETTLE “STAR TREK” VIDEO GAME LICENSE DISPUTE
New York, NY and Santa Monica, CA – March 11, 2005
— Activision, Inc. (Nasdaq: ATVI), a leading developer, publisher and
distributor of interactive entertainment software products, and Viacom
Consumer Products Inc., today jointly announced that they have reached an
agreement that settles their legal disputes regarding their license agreement
for “Star Trek” video games. As a result of the settlement, all pending
lawsuits filed by each party in the Superior Court in Los Angeles regarding
this matter have been dismissed. All other terms of the settlement agreement
will remain confidential.
Both companies said that they were very pleased to
resolve the matter amicably and look forward to working together in the future
on other projects.
About Viacom Consumer Products
Viacom Consumer Products Inc. is a part of Nickelodeon & Viacom Consumer
Products (N&VCP). N&VCP manages the worldwide merchandise licensing, home
video, music, book and interactive software businesses for Nickelodeon brands
and characters as well as the properties of Comedy Central, Spike TV and MTV
Networks International, as well as some non-Viacom properties. In addition, N&VCP
manages the worldwide merchandise, interactive, book, and wireless licensing
for Paramount Pictures properties. The N&VCP business represents over $4
billion in retail sales. N&VCP maintains office in New York, Los Angeles,
Miami, London, and Singapore. Nickelodeon, MTV Networks, Comedy Central, and
Spike TV are trademarks of Viacom International Inc.
About Activision, Inc.
Headquartered in Santa Monica, California, Activision, Inc. is a leading
worldwide developer, publisher and distributor of interactive entertainment
and leisure products. Founded in 1979, Activision posted net revenues of $948
million for the fiscal year ended March 31, 2004.
Activision maintains operations in the U.S., Canada, the United Kingdom,
France, Germany, Italy, Japan, Australia, Scandinavia, Spain and the
Netherlands. More information about Activision and its products can
be found on the company’s World Wide Web site,
which is located at
www.activision.com.
