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Taken from IGN.com:
Earlier this morning Nintendo issued a press release stating that it had cut all development ties with Rare. The firm said it had sold its 49-percent share in the former second-party. Nintendo further explained that the decision reflected a restructuring move and a new partnership philosophy.
"Nintendo had the ability to continue its exclusive relationship with Rare, but in looking at the company's recent track record, it became clear that its value to the future of Nintendo would be limited," said Peter MacDougall, executive vice president, sales and marketing, Nintendo of America. "In other words, we passed on this opportunity for very good business reasons."
The Nintendo release went on to reiterate the fact that Rare software sales accounted for only 9.5-percent of Nintendo sales in fiscal year 2001 and only 1.5-percent in fiscal 2002.
Nintendo stated that it would retain the rights for all original properties including Donkey Kong, Diddy Kong and Star Fox. It made no comment on whether or not Rare would retain the Perfect Dark and Conker's Bad Fur Day licenses.
The company said that game development is ever changing and that the selling of Rare will afford Nintendo more opportunities with other studios. "The disposition of this investment leaves us in a position to become even more aggressive in expanding our development capacity, both internally and externally," MacDougall noted. "Aside from several partnerships already announced over the past year, we are currently in similar talks with several other prospective partners around the world."
Finally, the release noted that though Nintendo's relationship with Rare has come to an end, Nintendo still respects the giant software house. "Although we declined the opportunity to continue our exclusive agreement with Rare, this announcement does not diminish our respect for their work or the past contributions they have made to Nintendo," stated MacDougall.
Earlier this morning Nintendo issued a press release stating that it had cut all development ties with Rare. The firm said it had sold its 49-percent share in the former second-party. Nintendo further explained that the decision reflected a restructuring move and a new partnership philosophy.
"Nintendo had the ability to continue its exclusive relationship with Rare, but in looking at the company's recent track record, it became clear that its value to the future of Nintendo would be limited," said Peter MacDougall, executive vice president, sales and marketing, Nintendo of America. "In other words, we passed on this opportunity for very good business reasons."
The Nintendo release went on to reiterate the fact that Rare software sales accounted for only 9.5-percent of Nintendo sales in fiscal year 2001 and only 1.5-percent in fiscal 2002.
Nintendo stated that it would retain the rights for all original properties including Donkey Kong, Diddy Kong and Star Fox. It made no comment on whether or not Rare would retain the Perfect Dark and Conker's Bad Fur Day licenses.
The company said that game development is ever changing and that the selling of Rare will afford Nintendo more opportunities with other studios. "The disposition of this investment leaves us in a position to become even more aggressive in expanding our development capacity, both internally and externally," MacDougall noted. "Aside from several partnerships already announced over the past year, we are currently in similar talks with several other prospective partners around the world."
Finally, the release noted that though Nintendo's relationship with Rare has come to an end, Nintendo still respects the giant software house. "Although we declined the opportunity to continue our exclusive agreement with Rare, this announcement does not diminish our respect for their work or the past contributions they have made to Nintendo," stated MacDougall.
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Taken from IGN.com:
Earlier this morning Nintendo issued a press release stating that it had cut all development ties with Rare. The firm said it had sold its 49-percent share in the former second-party. Nintendo further explained that the decision reflected a restructuring move and a new partnership philosophy.
"Nintendo had the ability to continue its exclusive relationship with Rare, but in looking at the company's recent track record, it became clear that its value to the future of Nintendo would be limited," said Peter MacDougall, executive vice president, sales and marketing, Nintendo of America. "In other words, we passed on this opportunity for very good business reasons."
The Nintendo release went on to reiterate the fact that Rare software sales accounted for only 9.5-percent of Nintendo sales in fiscal year 2001 and only 1.5-percent in fiscal 2002.
Nintendo stated that it would retain the rights for all original properties including Donkey Kong, Diddy Kong and Star Fox. It made no comment on whether or not Rare would retain the Perfect Dark and Conker's Bad Fur Day licenses.
The company said that game development is ever changing and that the selling of Rare will afford Nintendo more opportunities with other studios. "The disposition of this investment leaves us in a position to become even more aggressive in expanding our development capacity, both internally and externally," MacDougall noted. "Aside from several partnerships already announced over the past year, we are currently in similar talks with several other prospective partners around the world."
Finally, the release noted that though Nintendo's relationship with Rare has come to an end, Nintendo still respects the giant software house. "Although we declined the opportunity to continue our exclusive agreement with Rare, this announcement does not diminish our respect for their work or the past contributions they have made to Nintendo," stated MacDougall.
Earlier this morning Nintendo issued a press release stating that it had cut all development ties with Rare. The firm said it had sold its 49-percent share in the former second-party. Nintendo further explained that the decision reflected a restructuring move and a new partnership philosophy.
"Nintendo had the ability to continue its exclusive relationship with Rare, but in looking at the company's recent track record, it became clear that its value to the future of Nintendo would be limited," said Peter MacDougall, executive vice president, sales and marketing, Nintendo of America. "In other words, we passed on this opportunity for very good business reasons."
The Nintendo release went on to reiterate the fact that Rare software sales accounted for only 9.5-percent of Nintendo sales in fiscal year 2001 and only 1.5-percent in fiscal 2002.
Nintendo stated that it would retain the rights for all original properties including Donkey Kong, Diddy Kong and Star Fox. It made no comment on whether or not Rare would retain the Perfect Dark and Conker's Bad Fur Day licenses.
The company said that game development is ever changing and that the selling of Rare will afford Nintendo more opportunities with other studios. "The disposition of this investment leaves us in a position to become even more aggressive in expanding our development capacity, both internally and externally," MacDougall noted. "Aside from several partnerships already announced over the past year, we are currently in similar talks with several other prospective partners around the world."
Finally, the release noted that though Nintendo's relationship with Rare has come to an end, Nintendo still respects the giant software house. "Although we declined the opportunity to continue our exclusive agreement with Rare, this announcement does not diminish our respect for their work or the past contributions they have made to Nintendo," stated MacDougall.
estimations on how much MS paid- 400-550 million dollars.
eep.
i only care bout PD though.
eep.
i only care bout PD though.
Who said it was MS?
Hasn't this been posted before....from godd ole IGN?
I don't really trust IGN that much, I think it's because they're American plus they won't let me on anything anymore without subscriptions.
Cyclone wrote:
> Hasn't this been posted before....from godd ole IGN?
Did you miss the "from IGN" bit?
> Hasn't this been posted before....from godd ole IGN?
Did you miss the "from IGN" bit?
No - But I swear Garbe123 posted a very similar (in wording) post a few days ago, and then mentioned rubbish like 'is this the end of Nintendo'?
*Mumbles about damn ingratefull punks who dont appreaciate real games*
:)
*Mumbles about damn ingratefull punks who dont appreaciate real games*
:)
Nah this was just today.
Heres a few more links for you, to the same press release
http://news.cnet.com /investor/news/newsitem /0-9900-1028-20436624-0.html?tag=ats
(two gaps here, one after .com and the other after /newsitem
http://194.205.233.230/cgi/NGoto/2/17744570?3389
http://news.cnet.com /investor/news/newsitem /0-9900-1028-20436624-0.html?tag=ats
(two gaps here, one after .com and the other after /newsitem
http://194.205.233.230/cgi/NGoto/2/17744570?3389
Psh.. I'll wait until I hear something official. Why isn't this on any of Nintendo's websites? NOM will have something next issue. Until then, everything I hear (ESPECIALLY from IGN) can be lies for all I care...
Plus, who said anything about Microsoft?
Plus, who said anything about Microsoft?
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