Majesco Ent. Co. announced that it has sold all of its rights and obligations related to game titles, THE DARKNESS and GHOSTRIDER, to a videogame publisher for $8 million. The assignment included all of Majesco's agreements with the licensors and developers for these titles.
The sale will help financially troubled Majesco reduces its financial obligations, improve its capital structure and added flexibility to pursue additional opportunities and execute initiatives related to its core business.
Additional details will follow in January 2006 when Majesco plans to report its results for fiscal 2005, ended Oct. 31, 2005 and discuss its overall business plans.
Headquartered in Edison, New Jersey, Majesco Ent. (www.majescoentertainment.com) is a publisher of interactive entertainment products. Its diverse product lineup includes notable videogame properties such as AEON FLUX and JAWS UNLEASHED and INFECTED for the PSP, as well as entertainment products like FROGGER TV ARCADE. Utilizing its proprietary video compression technology, Majesco also offers Game Boy Advance Video versions of the beloved DreamWorks Animation movies SHREK, SHREK 2 and SHARK TALE.
Rick DeMott
Animation World Network
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