Independent developer collective Foundation 9 announced that it has acquired the Los Angeles-based Shiny development studio from Atari, in an acquisition funded by Foundation 9's recent investment
from technology-focused firm Francisco Partners. Financial terms were not disclosed.
Under the terms of the deal, the Shiny team will remain intact and will co-locate with Foundation 9 studio The Collective in 2007. The Dave Perry-founded Shiny is perhaps most well known for Earthworm Jim
, for which a new version was being worked on, though it has been confirmed that this project remains an Atari property. Shiny was acquired by Atari in 2002.
Shiny joins other Foundation 9 studios, including the aforementioned The Collective, as well as Backbone Entertainment, Pipeworks, ImaginEngine and Digital Eclipse. Foundation 9 was formed in 2005 by the merger of Backbone Entertainment and The Collective. The company also owns a significant minority stake in Hollywood production and management company, Circle of Confusion, whose clients include the Wachowskis, creators of The Matrix. Circle of Confusion recently announced a production deal with CBS.
Foundation 9 has shipped more than 300 titles since its inception, including the original title Death, Jr.
Foundation 9's games have generated more than $1 billion in consumer sales, with recent successes including Star Wars Episode III: Revenge of the Sith
. The company is currently at work on more than 20 titles, including two new editions of Death, Jr.
, Dirty Harry
, and Sonic Rivals
. The company's Backbone studio just recently shipped MechAssault: Phantom War
for the Nintendo DS.
"Shiny Entertainment fits well with the current studios of Foundation 9 Entertainment and aligns with our long-term goals for the future," said Jon Goldman, Chairman and CEO. "The studio has tremendous talent and experience working with big Hollywood franchises and will be working with us on a major, as-yet-undisclosed day and date release. The Shiny team will only add to our capabilities and technology base."