EA to Purchase Mythic
06.21.06 - 12:03 AM
Electronic Arts and Mythic Entertainment have entered an agreement that will result in the acquisition of Mythic Entertainment by Electronic Arts. Upon completion, Mythic Entertainment will become EA Mythic, a stand-alone MMORPG studio. The acquisition is not yet final, but is expected to be so in the EA's second fiscal quarter of 2007.
Mark Jacobs, current President of Mythic Entertainment, will become Vice President and General Manager of EA Mythic, while Rob Denton, Vice President of Mythic Entertainment will become Vice President and COO of EA Mythic. Mythic's current 175-member team will stay headquartered in Virginia.
"Mythic has always been a leading independent developer in the online space," states Mark Jacobs, CEO and co-founder of Mythic Entertainment. "EA's commitment to the online market as well as its focus on creating games of unsurpassed quality, scope and scale gives us opportunities and resources we could only dream about in the past."
"The addition of Mythic to the EA family reflects our deep commitment to the online gaming market worldwide. Mythic will bring one of the industry's most talented MMORPG teams to EA. Together, we will create games that will introduce MMO players to a whole new level of game play and excitement," said Paul Lee, President of EA Studios.