FOR IMMEDIATE RELEASE
New York, NY– October 2, 2008– 2K Sports, the sports publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), today announced details for The Other Season, a freshly unique online fantasy league for the highly anticipated basketball title NBA 2K9. With a new twist on the fantasy sports phenomenon, eight real life NBA superstars have signed up to participate as team owners, while online gamers playing exclusively on Xbox LIVE® online entertainment network and PlayStation®Network will have the exciting opportunity to be drafted onto one of the NBA superstars’ NBA 2K9 fantasy team.
“The Other Season is an amazing opportunity for fans to be on the virtual team of their favorite NBA player,” said Greg Thomas, senior vice president of sports development at 2K.“We can’t wait to see how these teams match up against each other throughout the season.”
NBA 2K9 cover athlete Kevin Garnett (Boston Celtics) will be one of the many fantasy team owners for The Other Season, along with the other popular NBA superstars Andre Iguodala (Philadelphia 76ers), Carlos Boozer (Utah Jazz), Chauncey Billups (Detroit Pistons), Steve Nash (Phoenix Suns), Greg Oden (Portland Trailer Blazers), Derrick Rose (Chicago Bulls), and Monta Ellis (Golden State Warriors). 2K Sports will make a contribution of $10,000 to the charity of choice of the NBA player whose fantasy team wins The Other Season championship.
The teams and owners in The Other Season, along with the charities they are competing for, are:
- <*>Kevin Garnett: The OBF Soldiers. Brothers in Arms. Monsters in the paint.*>
- <*>Andre Iguodala: The Iguo-Dollaz. Intensity and versatility you can bank on.*>
- <*>Carlos Boozer: The Boo-Yaz. Made for the highlight reel.*>
- <*>Chauncey Billups: Smooth’s Squad. No buzzer left unbeaten.*>
- <*>Steve Nash: The Nash Potatoes. An MVP staple that always delivers.*>
- <*>Greg Oden: Oden’s Hammers. Everyone else is just a nail.*>
- <*>Derrick Rose: The Great Poohdinis. Now you see us, now you don’t.*>
- <*>Monta Ellis: The Mississippi Warriors. River speed meets delta force.*>
Fans can now sign-up online to receive registration information for the NBA 2K9 fantasy league draft through www.theotherseason.com, and while every player who registers and participates will be drafted, fans can make their own pitch for why they should be drafted to a specific team by describing their strengths and weaknesses, platform they play on, gamertag, and they can even upload personal images and videos. The Other Season fantasy league website will also offer exclusive video content and news updates from each NBA superstar and his individual fantasy team, track how well each fantasy team is performing, and provide dedicated fans with a community message board to chat about the latest happenings. The official fantasy draft will be posted at 12:01 a.m. EDT on October 28.
Individual player statistics and overall fantasy team rankings will be tracked through online play. A real-time leaderboard will also be available on The Other Season website to showcase the top ranked players in the league. After a team owner drafts a player, he will send a message to congratulate the player on helping his team’s standings in the league, though for players who are not active in the league for over a month, they will also be in jeopardy of being cut from the team.
Scoring in The Other Season will be based on overall statistical performance in ranked online one-on-one game play. A player’s overall score is his Fantasy Points Score (FPS). Points are awarded as follows:
- Point: +1
- Rebound: +1
- Assist: +1
- Steal: +2
- Block: +2
- Turnover: -2
- Foul: -1
A player’s individual FPS is calculated by the total of all fantasy points scored in all ranked online one-on-one games, divided by the total minutes played in ranked online one-on-one games. Team scores are based on the average of all team members’ FPS.
The Other Season is a real league with real results and incentivizes the best virtual athletes in NBA 2K9 to practice their game and be rewarded like never before. For more information on The Other Season and official rules, please visit www.theotherseason.com.
NBA 2K9 is the latest edition of NBA 2K, the series that has been the #1 rated NBA simulation for seven years in a row* and is back for its 10th season. NBA 2K9 is the premier basketball game for serious players, and will deliver the most realistic and feature-rich simulation experience ever available in the NBA 2K franchise– from gameplay and graphics to presentation and online features. NBA 2K9 is rated E for Everyone by the ESRB and will be available on October 7 for the Xbox 360® video game and entertainment system from Microsoft, and the PLAYSTATION®3 and PlayStation®2 computer entertainment systems. For more information about NBA 2K9, please visit http://www.2ksports.com/games/nba2k9.
*The NBA 2K series developed by Visual Concepts outranked competitors based on GameRankings.com average scores of 2001-2007 NBA video games.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PLAYSTATION®3 and PlayStation®2 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox 360® and Xbox® video game, and entertainment systems from Microsoft, Wii™, Nintendo GameCube™, Nintendo DS™ and Game Boy® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play; and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at www.take2games.com.
Microsoft, Xbox, Xbox LIVE and the Xbox logos are trademarks of the Microsoft group of companies and are used under license from Microsoft.
“PlayStation”,“PLAYSTATION” and“PS” Family logo are registered trademarks of Sony Computer Entertainment Inc.
The NBA and individual NBA member team identifications used on or in this product are trademarks, copyrighted designs and other forms of intellectual properties of NBA Properties, Inc. and the respective NBA member teams and may not be used, in whole or in part, without the prior written consent of NBA Properties, Inc.© 2008 NBA Properties, Inc. All Rights Reserved.
All trademarks and copyrights contained herein are the property of their respective holders.
Important Legal Information
This press release may contain forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the matters relating to the Special Committee's investigation of the Company's stock option grants and the restatement of our consolidated financial statements. The investigation and conclusions of the Special Committee may result in claims and proceedings relating to such matters, including previously disclosed stockholder and derivative litigation and actions by the Securities and Exchange Commission and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. In addition, the Company has announced it is currently evaluating its strategic alternatives. Further risks and uncertainties associated with the Company’s process to evaluate its strategic alternatives are as follows: the risk that key employees may pursue other employment opportunities due to concerns as to their employment security with the Company; the risk that the future trading price of our common stock is likely to be volatile and could be subject to wide price fluctuations; and the risk that stockholder litigation in connection with the Company’s process to evaluate its strategic alternatives (including stockholder litigation relating to Electronic Arts Inc.'s tender offer to acquire the Company's outstanding shares that expired on August 18, 2008) or otherwise, may result in significant costs of defense, indemnification and liability. Other important factors are described in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2007, in the section entitled "Risk Factors," as updated in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2008, in the section entitled "Risk Factors," and can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. This communication does not constitute an offer to sell or invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the Company’s process to evaluate its strategic alternatives or otherwise.
Bryan Lam Chase
2K Sports Access Communications for 2K Sports
(415) 507-7677 (415) 844-6289
Meg Maise (Corporate Press/Investor Relations)
Take-Two Interactive Software, Inc.