Ubisoft Acquires Exclusive Rights to the Tom Clancy License
Today, Ubisoft reached an agreement with Tom Clancy to acquire all intellectual property rights to the Tom Clancy name free of all royalty payments. Interestingly enough, this deal doesn't just cover video game licensing but also books, movies and even merchandising.
No one knows just how much it cost Ubisoft to pull this one off, but they're expecting to have a net cash position of about 130 million euros by the end of the year with more payments to be made by 2009.
"After ten years of a highly successful collaboration which has seen the creation of blockbusters that set standards in the videogame industry, such as Tom Clancy's Splinter Cell, Tom Clancy's Ghost Recon, and Tom Clancy's Rainbow Six, today, acquiring the perpetual property rights of the Tom Clancy name for video games and related projects is a major event," stated Yves Guillemot, Chief Executive Officer at Ubisoft. "The future of our industry lies in our capacity to create and develop brands that captivate consumers and that present a myriad of opportunities for the full spectrum of entertainment, be it video games, books, movies or other media. The Tom Clancy brand is recognized around the world for offering exciting video games, films and books."
Ubisoft has always delivered solid Tom Clancy games in the past, and it's not like they had a lot of competition in the field to begin with, so the quality of the games will likely remain the same.