It was announced today that Electronic Arts has inked a deal to acquire Mythic Entertainment. The Virginia-based studio is responsible for Medieval MMORPG Dark Age of Camelot and the upcoming Warhammer Online: Age Of Reckoning.
The addition of Mythic to the EA family reflects our deep commitment to the online gaming market worldwide," said Paul Lee, President, EA Studios. "Mythic will bring one of the industry’s most talented MMORPG teams to EA. Together, we will create games that will introduce MMO players to a whole new level of game play and excitement."
The deal is still subject to closing conditions and financial terms were not disclosed. Details should be worked out by EA’s scocond quarter of fiscal 2007.
Under the terms of the agreement, the studio will be renamed EA Mythic. Mark Jacobs, the President, Chief Operating Officer and co-founder of Mythic, will become Vice President, General Manager of EA Mythic. Rob Denton, the Vice President, Chief Operating Officer and co-founder of Mythic, will bcome the Vice President, Chief Operating Officer of EA Mythic. The entire 175 member staff will remain at their headquarters in Fairfax, Virginia.
"Mythic has always been a leading independent developer in the online space," says Mark Jacobs. "EA’s commitment to the online market as well as its focus on creating games of unsurpassed quality, scope and scale gives us opportunities and resources we could only dream about it the past."
EA’s purchase of Mythic gives the much-criticized gaming behemoth another leg up into the lucrative MMORPG market.
