Nameless Developer Secures Star Trek MMO rights
Posted: Tue Sep 07, 2004 10:25 am
Well, it could be worse. They could've had Turbine do it!
http://www.perpetual.com/pages/news.html
For immediate release:
PERPETUAL ENTERTAINMENT TO DEVELOP AND PUBLISH STAR TREK® MASSIVELY MULTIPLAYER ONLINE GAME
San Francisco, CA -- September 7, 2004 --
Perpetual Entertainment, Inc. announced today that it has secured the exclusive worldwide rights from Viacom Consumer Products to develop and publish a massively multiplayer online game based on Paramount Pictures’ Star Trek franchise.
Star Trek is one of the world’s most popular, longest-running, and beloved sci-fi properties, with millions of passionately devoted fans throughout the world. As Star Trek celebrates its 38th anniversary, Star Trek gaming begins its next evolution.
The license encompasses all live-action motion pictures and television series including, Star Trek: The Original Series, Star Trek: The Next Generation, Star Trek: Deep Space Nine, Star Trek: Voyager, and Star Trek: Enterprise. “The scope of the content license is extraordinary for a game of this kind, giving us the opportunity to immerse fans and players in the incredibly rich, diverse and exciting universe of Star Trek,” said Joe Keene, CEO of Perpetual Entertainment.
The game will deliver action, adventure and combat mechanics unique to persistent world games. Its design includes a rich array of solo and multiplayer missions set in space, on planets and in starbases throughout the universe. At launch, it will take place during the 24th century timeline in the series with other aspects of the Star Trek universe to be interwoven and added through expansions.
“Players will encounter characters, places, and situations from their favorite Star Trek movies and television series; will explore incredible new worlds; and will cooperate with or battle friendly and hostile races throughout the game,” said Chris McKibbin, President of Perpetual Entertainment.
“Fans of Star Trek have been longing for a game that lets them participate in and explore the Star Trek universe,” said Terri Helton, Executive Vice President of Viacom Consumer Products. “We have been searching for the right partnership for our time-honored Star Trek to create a game that not only appeals to fans but a broader audience as well. Perpetual’s experience, technology and vision for this game make them the clear choice.”
The game is expected to enter public beta testing in 2006 and to launch by early 2007. For more information, see http://gaming.startrek.com for “Frequently Asked Questions” about the game.
About Viacom Consumer Products
Viacom Consumer Products, Inc. merchandises properties on behalf of Paramount Pictures, Paramount Television, Viacom Productions, and Spelling Television, as well as third-party properties. Viacom Consumer Products is a subsidiary of Viacom Inc.
About Perpetual Entertainment
Perpetual Entertainment is a San Francisco-based developer, publisher and operator of networked multi-player and massively multi-player games for the PC and next-generation videogame consoles. For more information please visit http://www.perpetual.com.
For more information, visit the official home of Star Trek at http://www.startrek.com.
® & © 2004 Paramount Pictures. Star Trek and related elements are trademarks of Paramount Pictures. All Rights Reserved.
For immediate release:
PERPETUAL ENTERTAINMENT SECURES $6.5 MILLION INVESTMENT
SOFTBANK Capital Leads Series B Equity Funding
San Francisco, CA -- September 7, 2004 --
Perpetual Entertainment, a developer, publisher and operator of networked multi-player and massively multi-player games for the PC and next-generation videogame consoles, today announced that it has secured a $6.5 million equity investment. SOFTBANK Capital led the Series B funding round, with Manitou Ventures, Mobius Venture Capital and Chengwei Ventures participating.
In a previous Series A equity investment led by Manitou Ventures and Mobius Venture Capital that closed in November 2003, Perpetual Entertainment secured $4.5 million.
“We are excited to partner with investors who share our vision for the future of online gaming,” said Joe Keene, Co-Founder and Chief Executive Officer of Perpetual Entertainment.
Eric Hippeau, Managing Partner of SOFTBANK Capital, said: “SOFTBANK Capital’s investment in Perpetual Entertainment is part of our strategy of funding technology-based companies with dramatic growth and market leadership potential. Perpetual is at the forefront of developing innovative game experiences and applications for making multi-player games more fun, more challenging and more rewarding.”
Perpetual will use the $11 million it has secured to date to develop industry leading online game technologies and AAA online games.
In pursuit of those goals, Perpetual is creating the Perpetual Entertainment Platform, a complete solution for developing, hosting, monitoring and operating networked online games playable on a wide variety of consumer electronic devices, and the Perpetual Game Engine, a suite of reusable game tools and libraries for the high-quality and stable development of networked games of all genres.
In addition, Perpetual is currently developing two innovative online games and plans on partnering with other third party developers to bring additional games online.
Chris McKibbin, Co-Founder and President of Perpetual Entertainment added: “Combining leading-edge technologies with great creative teams will be the key to success for Perpetual Entertainment.”
About Perpetual Entertainment
Perpetual Entertainment is a San Francisco-based developer, publisher and operator of networked multi-player and massively multi-player games for the PC and next-generation videogame consoles. For more information please visit http://www.perpetual.com.
About SOFTBANK Capital
SOFTBANK Capital is the U.S.-based venture capital group associated with SOFTBANK Corp. that focuses on private equity investments in technology-related companies. To date, SOFTBANK Capital has made numerous investments in e-commerce, software, financial services, communications and digital media and marketing companies, including Yahoo!, E*Trade, LRN, NLG, UTStarcom, GeoCities, Danger and GSI Commerce. SOFTBANK Capital is currently investing through SOFTBANK Capital Technology Fund III L.P., which focuses on investing in U.S. technology companies taking advantage of the significant ongoing development and deployment of broadband and the resulting fundamental business and operational changes occurring across most industry sectors. There is more information available at: http://www.sbcap.com.
About Manitou Ventures
Manitou Ventures, established in 2001, invests in early-and mid-stage, U.S. and Asia-based companies with a focus on Asian markets. With its home base in San Francisco, Manitou invests in high growth technology sectors, including communications, Internet, new media, semiconductors and IT services.
About Mobius Venture Capital
With offices in Palo Alto, California and Superior, Colorado, Mobius Venture Capital is a $2 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders in the investment banking community. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 100 of the world's leading high technology companies. For more information on the fund's investment team, technology vision and portfolio companies, please visit http://www.mobiusvc.com.
About Chengwei Ventures
Chengwei Ventures, based in Shanghai, is one of the first independent venture capital funds to operate in China. Chengwei was founded in 1999 for the purpose of investing in high-growth potential companies in a variety of industries including communication software, enterprise software, financial services, IC design, niche component manufacturing, healthcare and media.
http://www.perpetual.com/pages/news.html
For immediate release:
PERPETUAL ENTERTAINMENT TO DEVELOP AND PUBLISH STAR TREK® MASSIVELY MULTIPLAYER ONLINE GAME
San Francisco, CA -- September 7, 2004 --
Perpetual Entertainment, Inc. announced today that it has secured the exclusive worldwide rights from Viacom Consumer Products to develop and publish a massively multiplayer online game based on Paramount Pictures’ Star Trek franchise.
Star Trek is one of the world’s most popular, longest-running, and beloved sci-fi properties, with millions of passionately devoted fans throughout the world. As Star Trek celebrates its 38th anniversary, Star Trek gaming begins its next evolution.
The license encompasses all live-action motion pictures and television series including, Star Trek: The Original Series, Star Trek: The Next Generation, Star Trek: Deep Space Nine, Star Trek: Voyager, and Star Trek: Enterprise. “The scope of the content license is extraordinary for a game of this kind, giving us the opportunity to immerse fans and players in the incredibly rich, diverse and exciting universe of Star Trek,” said Joe Keene, CEO of Perpetual Entertainment.
The game will deliver action, adventure and combat mechanics unique to persistent world games. Its design includes a rich array of solo and multiplayer missions set in space, on planets and in starbases throughout the universe. At launch, it will take place during the 24th century timeline in the series with other aspects of the Star Trek universe to be interwoven and added through expansions.
“Players will encounter characters, places, and situations from their favorite Star Trek movies and television series; will explore incredible new worlds; and will cooperate with or battle friendly and hostile races throughout the game,” said Chris McKibbin, President of Perpetual Entertainment.
“Fans of Star Trek have been longing for a game that lets them participate in and explore the Star Trek universe,” said Terri Helton, Executive Vice President of Viacom Consumer Products. “We have been searching for the right partnership for our time-honored Star Trek to create a game that not only appeals to fans but a broader audience as well. Perpetual’s experience, technology and vision for this game make them the clear choice.”
The game is expected to enter public beta testing in 2006 and to launch by early 2007. For more information, see http://gaming.startrek.com for “Frequently Asked Questions” about the game.
About Viacom Consumer Products
Viacom Consumer Products, Inc. merchandises properties on behalf of Paramount Pictures, Paramount Television, Viacom Productions, and Spelling Television, as well as third-party properties. Viacom Consumer Products is a subsidiary of Viacom Inc.
About Perpetual Entertainment
Perpetual Entertainment is a San Francisco-based developer, publisher and operator of networked multi-player and massively multi-player games for the PC and next-generation videogame consoles. For more information please visit http://www.perpetual.com.
For more information, visit the official home of Star Trek at http://www.startrek.com.
® & © 2004 Paramount Pictures. Star Trek and related elements are trademarks of Paramount Pictures. All Rights Reserved.
For immediate release:
PERPETUAL ENTERTAINMENT SECURES $6.5 MILLION INVESTMENT
SOFTBANK Capital Leads Series B Equity Funding
San Francisco, CA -- September 7, 2004 --
Perpetual Entertainment, a developer, publisher and operator of networked multi-player and massively multi-player games for the PC and next-generation videogame consoles, today announced that it has secured a $6.5 million equity investment. SOFTBANK Capital led the Series B funding round, with Manitou Ventures, Mobius Venture Capital and Chengwei Ventures participating.
In a previous Series A equity investment led by Manitou Ventures and Mobius Venture Capital that closed in November 2003, Perpetual Entertainment secured $4.5 million.
“We are excited to partner with investors who share our vision for the future of online gaming,” said Joe Keene, Co-Founder and Chief Executive Officer of Perpetual Entertainment.
Eric Hippeau, Managing Partner of SOFTBANK Capital, said: “SOFTBANK Capital’s investment in Perpetual Entertainment is part of our strategy of funding technology-based companies with dramatic growth and market leadership potential. Perpetual is at the forefront of developing innovative game experiences and applications for making multi-player games more fun, more challenging and more rewarding.”
Perpetual will use the $11 million it has secured to date to develop industry leading online game technologies and AAA online games.
In pursuit of those goals, Perpetual is creating the Perpetual Entertainment Platform, a complete solution for developing, hosting, monitoring and operating networked online games playable on a wide variety of consumer electronic devices, and the Perpetual Game Engine, a suite of reusable game tools and libraries for the high-quality and stable development of networked games of all genres.
In addition, Perpetual is currently developing two innovative online games and plans on partnering with other third party developers to bring additional games online.
Chris McKibbin, Co-Founder and President of Perpetual Entertainment added: “Combining leading-edge technologies with great creative teams will be the key to success for Perpetual Entertainment.”
About Perpetual Entertainment
Perpetual Entertainment is a San Francisco-based developer, publisher and operator of networked multi-player and massively multi-player games for the PC and next-generation videogame consoles. For more information please visit http://www.perpetual.com.
About SOFTBANK Capital
SOFTBANK Capital is the U.S.-based venture capital group associated with SOFTBANK Corp. that focuses on private equity investments in technology-related companies. To date, SOFTBANK Capital has made numerous investments in e-commerce, software, financial services, communications and digital media and marketing companies, including Yahoo!, E*Trade, LRN, NLG, UTStarcom, GeoCities, Danger and GSI Commerce. SOFTBANK Capital is currently investing through SOFTBANK Capital Technology Fund III L.P., which focuses on investing in U.S. technology companies taking advantage of the significant ongoing development and deployment of broadband and the resulting fundamental business and operational changes occurring across most industry sectors. There is more information available at: http://www.sbcap.com.
About Manitou Ventures
Manitou Ventures, established in 2001, invests in early-and mid-stage, U.S. and Asia-based companies with a focus on Asian markets. With its home base in San Francisco, Manitou invests in high growth technology sectors, including communications, Internet, new media, semiconductors and IT services.
About Mobius Venture Capital
With offices in Palo Alto, California and Superior, Colorado, Mobius Venture Capital is a $2 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders in the investment banking community. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 100 of the world's leading high technology companies. For more information on the fund's investment team, technology vision and portfolio companies, please visit http://www.mobiusvc.com.
About Chengwei Ventures
Chengwei Ventures, based in Shanghai, is one of the first independent venture capital funds to operate in China. Chengwei was founded in 1999 for the purpose of investing in high-growth potential companies in a variety of industries including communication software, enterprise software, financial services, IC design, niche component manufacturing, healthcare and media.
