The Operation Sports Web site reports the following
([link lost in import]
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Midway announced today they have obtained the CART license for both
their home and arcade platforms. Read the full PR by clicking the more
link. CART Licensed Products and Midway Games Reach Exclusive Multi-
Year Licensing Agreement
Midway Games Inc.(NYSE: MWY - news), a leading international
interactive entertainment software company, and CART Licensed Products,
the licensing and merchandising arm of Championship Auto Racing Teams
(NYSE:MPH - news), announced today that they have reached a multi-year
licensing agreement that will add CART? Champ Car racing games to
Midway's line-up of arcade-style sports video games. Under the terms of
the agreement, Midway Amu***t Games LLC and Midway Home Entertainment
Inc., both subsidiaries of Midway Games Inc., have secured the
exclusive rights to publish fantasy-style CART racing games for all
major video game platforms and the PC market. Financial terms of the
agreement were not disclosed.
The announcement was made by Jonathan Frank, president of CART Licensed
Products and Mike Ribero, executive vice president of Midway Games Inc.
The agreement commences immediately and runs through 2003.
``CART racing fits perfectly with Midway's trademark style of intensely
competitive, great-looking, fast action video games, and will be a
strong addition to our other popular racing franchises which include
San Francisco Rush and Cruis'n'' said Ribero. ``CART racing will also
help us further expand our growing sports business with the first
product that will tap the sports-oriented racing market.''
``This is a very significant and potentially very lucrative
relationship for CART and CART Licensed Products. From a brand-building
and visibility standpoint, we are thrilled to partner with Midway
Games, a recognized leader in the interactive entertainment industry,''
said Frank. ``Midway's approach to CART racing provides a new and
exciting perspective, and we welcome their creativity and enthusiasm.''
The Midway CART games will include a combination of replica and fantasy
CART tracks, incorporating CART teams and drivers. The first coin-op
arcade game in the series will feature state-of-the-art graphics and
animation technology beyond that seen in previous coin-op games.
Midway is widely recognized for over-the-top, arcade-style sports games
including blockbuster hits such as NFL? Blitz 2000, Ready 2 Rumble
Boxing(TM) and NBA Jam? as well as the highly anticipated NBA?
Showtime: NBA? on NBC?.
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Check the Operation Sports site for the full story and more details.
This makes it more important for open-wheel fans that GT Interactive
gets it right with their upcoming Indy 500/IRL simulation.
-- JB
Sent via Deja.com http://www.deja.com/
Before you buy.
