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Activision Readies PSP Launch Titles

Filed under: PS2
Posted by Jeremy on October 14, 2004 12:35 PM
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Activision yesterday announced that they will have two launch titles ready for Sony's new handheld, the PSP. The titles are, "Tony Hawk's Underground 2," and "Spider-Man 2." Both games are currently in development and will be ready for the PSP launch sometime in 2005. Nevertheless, just because you have good games doesn't mean you'll have a good system. I'm still skeptical about the PSP. Perhaps I shall be proven wrong?

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PRESS RELEASE

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Activision Announces Launch Support For SCEA'S Playstation Portable Entertainment Platform

Santa Monica, CA - October 13, 2004 - Activision, Inc. (Nasdaq: ATVI) confirmed today that the company plans to support SCEA'S PlayStation Portable Entertainment Platform. The company is currently in development on two games that are expected to be launch titles for the platform, Spider-Man 2TM and Tony Hawk's Underground 2.

"SCEA's PlayStation Portable Entertainment Platform is an exciting new platform that combines processing power with a sleek new look that will appeal to an older demographic," said Kathy Vrabeck, president of Activision Publishing. "By matching our top brands like Tony Hawk's Underground 2 and Spider-Man 2 with the new entertainment device, we are able to broaden our consumer base and leverage our franchises into new areas."

Tony Hawk's Underground 2 is being developed by Shaba Games and Spider-Man 2 is being developed by Vicarious Visions.

About Spider-Man Merchandising, LP
Spider-Man Merchandising L.P. is a 50/50 limited partnership comprised of Marvel Enterprises, Inc. and Sony Pictures Consumer Products Inc. The partnership oversees all of the licensing and merchandising for the Columbia Pictures feature film "Spider-Man 2," based on Marvel characters.

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 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.

The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. The Company cautions readers of this press release that a number of important factors could cause Activision's actual future results to differ materially from those expressed in any such forward-looking statements. Such factors include, without limitation, product delays, retail acceptance of our products, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, maintenance of relationships with key personnel, vendors and third-party developers, international economic and political conditions, integration of recently acquired subsidiaries and identification of suitable future acquisition opportunities. These important factors and other factors that potentially could affect the Company's financial results are described in our filings with the Securities and Exchange Commission, including the Company's most recent Annual report on Form 10-K and Quarterly Report on Form 10-Q. Readers of this press release are referred to such filings. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in the Company's assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.









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