REDWOOD CITY, Calif., Apr 08, 2009 (BUSINESS WIRE) -- Electronic Arts Inc. (NASDAQ:ERTS) announced today that EA is making an equity investment in Stupid Fun Club, Will Wright's new adventure. Stupid Fun Club is an entertainment think tank developing new Intellectual Properties to be deployed across multiple fronts including video games, movies, television, the internet, and toys. Will Wright is leaving EA to run Stupid Fun Club.
EA and Will each own equal percentages of Stupid Fun Club and are the principal shareholders. In addition, EA has the right to develop game concepts that spring from Stupid Fun Club projects. Will Wright is represented by Creative Artists Agency.
"The entertainment industry is moving rapidly into an era of revolutionary change," said Will Wright. "Stupid Fun Club will explore new possibilities that are emerging from this sublime chaos and create new forms of entertainment on a variety of platforms. In my twelve years at EA, I've had the pleasure to work alongside some of the brightest and most talented game developers in the industry and I look forward to working with them again in the near future."
"We believe in Will's vision for Stupid Fun Club and we're looking forward to partnering with Will and his team long into the future," said John Riccitiello, EA's Chief Executive Officer. "Will is a great designer and he's been part of a great legacy of globally recognized game franchises like The Sims, SimCity and Spore. The teams that have been leading those franchises in recent years have a lot of exciting content coming."
"Will has been an inspiration to our teams, and it's been rewarding for us to bring his ideas to life," said Lucy Bradshaw, VP and General Manager at Maxis. "In addition to legendary games, Will's legacy at EA will be the many talented people who worked with him and will now continue to contribute their own vision to the art of game development."
Will Wright created Maxis with Jeff Braun in 1989, which was acquired by EA in 1997. Will is the visionary designer of blockbuster game concepts like Spore(TM), The Sims(TM) and SimCity(TM). Lucy Bradshaw, VP and General Manager at Maxis(TM), will continue to run Maxis and the Spore franchise. Lucy's team is working on the upcoming expansion pack, Spore Galactic Adventures, as well asother game concepts including Spore Hero,Spore Hero Arena and Spore Creature Keeper. Rod Humble is head of the EA(TM) Play Label and his team will launch The Sims 3 in June of this year.
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, the company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet. Electronic Arts markets its products under four brand names: EA(TM), EA SPORTS(TM), EA SPORTS Freestyle(TM) and POGO(TM). In fiscal 2008, EA posted GAAP net revenue of $3.67 billion and had 27 titles that sold more than one million copies. EA's homepage and online game site is www.ea.com. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com.
Electronic Arts, EA, EA SPORTS, EA SPORTS Freestyle, POGO, The Sims, SimCity, Spore and Maxis are trademarks or registered trademarks of Electronic Arts Inc. in the U.S. and/or other countries.
SOURCE: Electronic Arts Inc.
EA Corporate Communications
Holly Rockwood, 650-628-7323
EA Games Label - Spore
Tammy Schachter, 650-628-7223
EA Play Label - the Sims
Trudy Muller, 650-628-2926
EA Investor Relations
Tricia Gugler, 650-628-7327
Stupid Fun Club
PR at Stupid Fun Club, 510-981-2206
Copyright Business Wire 2009