WARNER BROS TAKES BITE OF SCI GROUP
Copyright 2006 www.tombraiderchronicles.com

[ December 15th 2006 ]

Warner Bros will press ahead with a £44.5 million investment plan for 10.3% stake in SCi Entertainment Group, owners of Eidos plc, City Wire reports this morning. SCi Entertainment also reportedly agrees 11 licensing deals and a primary distribution deal across the United States with Warner Bros.

Based in Wimbledon, SCi Entertainment Group Plc consists of publishing operations across Europe and the US and several development studios including Crystal Dynamics, IO Interactive and Pivotal Games as well as a valuable stake in other studios.

The Group recently announced its core earnings had reached 28.8 million pounds ($54.58 million) in the year to June 30, on revenue of 179.1 million and a pre-tax profit of 8.1 million. The results to 30 June 2006 were the first full year results following SCi's acquisition of Eidos PLC in May 2005.

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