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Ubisoft acquires all intellectual property rights for Far Cry and will take the Far Cry Edition of the Cry Engine to the next level

Far Cry Edition of CryENGINE acquired along with the rest of the Far Cry property.
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]

London, UK - March 30, 2006 - Today Ubisoft, one of the world's leading video game publishers, announced that it acquired all the remaining intellectual property rights related to the Far Cry property as well as a perpetual license to use the CryENGINE Far Cry Edition.

Under the terms of the agreement Ubisoft is granted an exclusive worldwide perpetual assignment of all property and Intellectual Property rights of the Far Cry brand, including characters, likenesses, copyrights and environmental settings. Ubisoft is thus free to develop and publish sequels, add-ons, derivative and merchandising products on any format for its full benefit.

In addition to the brand in itself, Ubisoft, its subsidiaries and affiliated companies have the license to use the Far Cry Edition of CryENGINE to develop, sell and distribute an unlimited number of video games. This provides another own production pipeline for the company. Ubisoft's internationally renowned development teams look forward to taking this engine to the next level.

"Far Cry is one of Ubisoft's most successful brands and this agreement is one further step in our strategy to constantly enrich our catalogue of fully owned brands. With Far Cry, we look forward to further consolidating our leading position in the first person shooters genre" said Yves Guillemot, President & CEO of Ubisoft Entertainment.

2005 Ubisoft Entertainment. All Rights Reserved. Far Cry, Ubisoft and the Ubisoft logo are trademarks of Ubisoft Entertainment in the US and/or other countries. Based on Crytek's original Far Cry directed by Cevat Yerli. Powered by Crytek's technology "CryENGINE".

About Ubisoft:

Ubisoft is a leading producer, publisher and distributor of interactive entertainment products worldwide and has grown considerably through its strong and diversified line-up of products and partnerships. Ubisoft has offices in 21 countries and sales in more than 50 countries around the globe. It is committed to delivering high-quality, cutting-edge video game titles to consumers. Ubisoft generated revenue of 538 million Euros for the 2004-2005 fiscal year, an increase of 8 percent over the previous fiscal year at constant exchange rates. To learn more, please visit www.ubisoftgroup.com

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