LPWire: JAKKS Pacific to Produce "TV Games'' for Disney
JAKKS Pacific to Produce "TV Games'' for Disney
JAKKS Pacific, Inc. announced today that the Company has
entered into a licensing agreement with Disney Interactive to develop and market multiple
"TV Games"(TM) products featuring the Disney brand and characters. "TV
Games" utilize a television to plug and play multiple video games contained within an
all-in-one system controller.
JAKKS "TV Games" featuring classic Disney characters, Winnie the Pooh and
Friends, Disney Princesses, and other Disney properties will be marketed under JAKKS'
Toymax division and is slated to premiere Fall 2003.
Toymax first introduced "TV Games" in 2001 with 10 classic video games in one
game controller. Players plug the "TV Games" system, a hand-held control, into
any standard television and then have 10 video games in one lightweight, compact, portable
controller. No game console, or other software or hardware is required.
About Disney Interactive
Disney Interactive, Inc., a worldwide leader in the creation of innovative interactive
entertainment, develops, markets and globally distributes a wide variety of interactive
family-oriented entertainment, educational and sports CD-ROMs and video games. Disney
Interactive is the multimedia arm of The Walt Disney Company's Consumer Products business
unit. For more information on Disney Interactive's products, visit www.disneyinteractive.com.
About JAKKS Pacific
JAKKS Pacific, Inc. (Nasdaq:JAKK) is a multi-brand company that
designs and markets a broad range of toys and leisure products. The product categories
include: Action Figures, Arts & Crafts Activity Kits, Stationery, Writing Instruments,
Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush
and Dolls. The products are sold under various brand names including Flying Colors(R),
Road Champs(R), Remco(R), Child Guidance(R), Pentech(R), Toymax(R), Funnoodle(R), Laser
Challenge(TM) and Go Fly a Kite(TM). The Company also participates in a joint venture with
THQ Inc. that has exclusive worldwide rights to publish and market World Wrestling
Entertainment(TM) video games. For further information, visit www.jakkspacific.com.
This press release contains statements that are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These statements are
based on current expectations, estimates and projections about JAKKS' business based, in
part, on assumptions made by its management. These statements are not guarantees of JAKKS'
future performance and involve risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements due to numerous factors,
including, but not limited to, those described above and the following: changes in demand
for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact
of competitive products and pricing and difficulties encountered in the integration of
acquired businesses. The forward-looking statements contained herein speak only as of the
date on which they are made, and JAKKS does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of this
release.
--Posted September 17, 2002
Source: JAKKS Pacific, Inc.
Release