GTIS - Will it be a Phoenix or not ? Message Board

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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: iceburg who wrote (1227)	12/2/1997 12:21:00 AM
From: Coy Lynn Gullett	Read Replies (2) of 2319

Daydream Buys Back Safecracker December 2, 1997 Tired of waiting for a North American release, Daydream Software has bought back the rights to its upcoming title from GT Interactive and is looking for a new publisher. The maker of Safecracker has grown weary of the politics behind game distribution, and has purchased back the worldwide rights to it new title from GT Interactive. Daydream Software will now work closely with Octagon Entertainment, a company that arranges financing, publishing, and distribution agreements for game developers. "We have not been satisfied with the commitment from our publisher, GT-Interactive Europe, and have become increasingly frustrated over the lack of marketing and the stalling of a North American release for Safecracker. We decided the best thing for all parties was to buy back the publishing and distribution rights. A deal was struck and Daydream now hold all rights to Safecracker," says Jan Phersson Broberg, CEO of Daydream Software. next-generation.com Coy

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