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EA Announces New Publishing Agreement with Velan Studios

March 25, 2019

REDWOOD CITY, Calif. & TROY, N.Y.--(BUSINESS WIRE)--Mar 25, 2019--Electronic Arts Inc. (NASDAQ: EA) and Velan Studios, an independent game developer dedicated to creating new play experiences, announced that EA Partners will publish Velan’s first original IP for consoles, PC and mobile. In addition to introducing a unique game world, the title will pioneer an entirely new and entertaining way to experience team-based action. To bring their vision to life, Velan Studios also announced that it will add 40 jobs, doubling its current development team by the end of the year.

Velan Studios was founded in 2016 by Guha and Karthik Bala, industry veterans who grew their first company - Vicarious Visions – from a basement startup to the forefront of AAA console development. The studio has already attracted world class talent whose credits include Guitar Hero, Skylanders, Rock Band, Super Mario Maker, Metroid Prime, Destiny and Uncharted, among others. They’re actively recruiting other seasoned developers to join the team.

“In EA Partners, we found a team devoted to bringing breakthrough ideas to players everywhere. They believe in our creative vision and will use their best-in-class resources to support the success of our game,” said Guha Bala, President and Co-Founder, Velan Studios. “We started Velan Studios to make community-centered play experiences that are daring and distinctive from what’s being played today. We can’t wait to share the details of our first original game in the future.”

“Exploring the boundaries of play with new technology and play patterns is what makes us tick,” said Karthik Bala, CEO and Co-Founder of Velan Studios. “Our plan was always simple: build an awesome team, find the magic in something new that the team was passionate about and then enable their success. We are looking forward to introducing their vision and evolving it along with players for many years to come.”

“Velan’s vision for this new game experience is very inspiring, and when we played it, we were immediately captured by how engaging and unexpectedly compelling it was,” said Rob Letts, General Manager of EA Partners and EA Originals. “Helping discover pioneering talent with ground-breaking games the world needs to play is what we’re here to do, and we look forward to partnering with Velan to deliver an experience that will push the boundaries of original IP and innovation to engage players in new ways.”

To date, Velan Studios has raised $7 million to provide the resources for its creative teams to invent, iterate, and arrive at game experiences that are new and unique. The studio is hiring seasoned industry talent to turn creative ideas into inspiring, impactful games. To learn more about Velan Studios and all current career opportunities, please visit www.velanstudios.com.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. EA has more than 300 million registered players around the world.

In fiscal year 2018, EA posted GAAP net revenue of $5.15 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as The Sims™, Madden NFL, EA SPORTS™ FIFA, Battlefield™, Need for Speed™, Dragon Age™ and Plants vs. Zombies™. More information about EA is available at  www.ea.com/news.

EA SPORTS, Battlefield, The Sims, Need for Speed, Dragon Age, Unravel, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, NBA, UFC, NHL, and FIFA are the property of their respective owners and used with permission.

About Velan Studios

Velan Studios is a Troy, New York-based game development studio focused on creating groundbreaking play experiences across established and emerging platforms. The studio was founded in 2016 by game industry veterans Guha and Karthik Bala, who previously took their first company, Vicarious Visions, from their parent’s basement to the forefront of AAA console development with the introduction of several multi-billion-dollar franchises. The Velan Studios team is comprised of talented individuals who have created, developed, and contributed to some of the most innovative game franchises of the last 20 years including Guitar Hero, Skylanders, Rock Band, Super Mario Maker, Metroid Prime, Destiny and Uncharted.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190325005190/en/

CONTACT: Jino Talens

Sr PR Manager

jtalens@ea.com

650-628-9111

Michelle Schroder

PR for Velan Studios

michelle@thenetworkpr.com

310-402-9333

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEW YORK

INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES TECHNOLOGY INTERNET SOFTWARE GENERAL ENTERTAINMENT

SOURCE: Electronic Arts Inc.

Copyright Business Wire 2019.

PUB: 03/25/2019 12:00 PM/DISC: 03/25/2019 12:00 PM

http://www.businesswire.com/news/home/20190325005190/en

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