[05-15-00 09:25 PM ET] ET© PHONES HOME TO NEWKIDCO (NKCIF)[1.]...IS ANYONE ON THE LINE?...NKCIF CLOSES DOWN 3/32 TO 1 17/32 ON 5,700 SHARES VOLUME...WHATs WRONG WITH THIS PICTURE?[2.]...
[1.]05/15/2000
NEWKIDCO ANNOUNCES MULTI-YEAR MULTI-PLATFORM AGREEMENT WITH UNIVERSAL STUDIOS CONSUMER PRODUCTS GROUP AND AMBLIN ENTERTAINMENT TO DEVELOP INTERACTIVE ENTERTAINMENT TITLES BASED ON THE PERENNIAL CLASSIC E.T. THE EXTRA-TERRESTRIAL
Deal Calls for NewKidCo to Develop and Market Games for Existing and "Next Generation" Hardware Platforms
Burlington, MA (May 15, 2000) Children's video game publisher NewKidCo International Inc. (OTC BB: NKCIF; TSE: NKC) announced today they have entered into a multi-year agreement with Universal Studios Consumer Products Group and Amblin Entertainment to develop and publish interactive entertainment titles based on the classic property, E.T. The Extra-Terrestrial.
NewKidCo has obtained the rights to publish interactive game content for video game and PC platforms including PlayStation© game console, PlayStation© 2, Sega Dreamcast, Nintendo's Dolphin, Game Boy© Color, Game Boy Advance, Microsoft's X-box, and PC as well as dedicated console and PC accessories.
"We are very pleased and excited by the opportunity to work with Universal Studios and Amblin Entertainment to reintroduce this perennial favorite through the new interactive technologies", stated Hank Kaplan, President of NewKidCo.
"Our broad rights in this relationship have the potential to lead to many exciting advances in the world of interactive entertainment by developing high end and futuristic applications for this globally renowned family property," added Richard Rabins, CEO of NewKidCo International Inc.
"E.T. is one of our most popular and cherished properties," said Nancy Cushing-Jones, president of publishing rights, Universal Studios Consumer Products Group. "We are delighted to partner with NewKidCo and look forward to the development of unique and innovative interactive product."
E.T. is the timeless story of a lost little visitor from another planet who is befriended and protected by a young boy. Together, they find a way to return the young alien home. The film, originally released in June 1982, earned over $700 million in worldwide box office. It holds the record for Universal as its highest grossing domestic film and has inspired one of the most successful licensing programs in the history of Universal..." [emphasis added] Source: 05-15-00 NewKidCo Company Press Release
[2.] (1) This news theoretically should have halted trading and sent the shares soaring(.)(2) given they did not one must look at this closer?...(3) obvious and disturbing questions e.g. Why did Rabins issue the infamous May 5 news release in light of today's release? ref/ biz.yahoo.com Is this license only good for the 1982 original release of E.T.? i.e. Does NKCIF own the same rights to any/all pending movie sequels to the original 1982 blockbuster and when is that sequel scheduled for release...Issues of Fact: NKCIF currently owns Winnie-the-Pooh© (GBC) which has been in the top ten (#7,#8)best-selling portable games for the month of April 2000 beating out Sony©, Akklaim©, Activision©, Interplay©, Infogrames©, Mattel©, Electronic Arts©, 3DO©, THQ©, et al...and then contemporaneously closes a license with the biggest grossing movie in the history of the world again beating out Nintendo©, Sony©, Electronic Arts©, Activision©, Akklaim©, Infogrames©, Interplay©, Mattel©, Microsoft©, et al...NKCIF closed down today 3/32 to 1 17/32...what's wrong with this picture?...
(WallStreetRadio.com Newswires(tm)). |
