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Activision swoops for Bungie IP

Ten-year exclusive deal for new IP signed and sealed

Woah. Bungie has just signed a ten-year exclusive multiplatform deal with Activision.

The pair have announced today that they have entered into an exclusive ten-year partnership to bring Bungie's 'next big action game' IP to market.

Under the terms of the agreement, Activision will have exclusive, worldwide rights to publish and distribute all future Bungie games based on the new intellectual property on 'multiple platforms and devices'.

Bungie remains an independent company and will continue to own their intellectual property. Additional terms of the agreement were not disclosed.

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The alliance provides Bungie its first such partnership since splitting with Microsoft in 2007.

Activision claims the deal 'significantly broadening its global reach by providing the resources and support to develop, distribute and release games worldwide on multiple platforms and devices'.

To date, Bungie's Halo games have generated approximately $1.5 billion in revenues, according to The NPD Group, Charttrack and GfK.

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