Blizzard has bought a house in the world of ‘Star Wars’ in a deal that’s the biggest of its kind to date
Blizzard has announced a deal with a Japanese firm that will let the publisher own a large portion of a new Star Wars: The Old Republic MMO that will be based on the film franchise.
The deal, which was first reported by Polygon, is the biggest single-game purchase in the history of the video game industry, according to the Associated Press.
The news of the deal was announced on Blizzard’s official website and confirmed by a representative of a major Japanese developer who spoke to Polygon on the condition of anonymity because the deal is private.
The Japanese developer, Bandai Namco, confirmed the news.
The $3 billion purchase will allow Blizzard to take a significant role in the development of a Star Wars MMO, said a statement from Blizzard.
The publisher said the agreement includes “significant” intellectual property rights to the film series, as well as “significant investment” in Star Wars.
“We are excited to have the opportunity to be part of the creative and artistic future of Star Wars,” said Brian Hicks, senior vice president of product marketing and partnerships at Blizzard.
“This is an exciting opportunity to take part in the rich history of Star War and its many characters, worlds, characters’ history, and stories.
The acquisition includes significant intellectual property to the films, including the Star Wars franchise, including IP that will not only be utilized in the MMO, but will be integral to its development and development process.
The purchase of a portion of IP from a developer who is also a major Star Wars fan and fan of the franchise is the first-ever real estate purchase in history that includes such a deal.
We believe that Star Wars fans will enjoy the MMO in the long run, and we look forward to continuing to build on the Star War universe for years to come.”
The deal comes amid a significant decline in the game industry.
In 2017, the number of games on the market was down by roughly 80 percent from the same period in 2016.
Blizzard has been making major investments in the future of its game franchises, including Overwatch, Overwatch: Origins, and Hearthstone.
In December, the publisher confirmed that it was shutting down Blizzard Arena, its massively multiplayer online battle arena game, in 2019.
It also said it would shut down the company’s esports business in 2019 as well.
The company also recently announced plans to shut down Overwatch in 2018.
As for the future, Blizzard said it will continue to work with developers to develop Star Wars-themed content for the franchise.
The games that will remain online will be announced at a later date, Blizzard Entertainment said.