4HEAD's BEOWULF discontinued after settlement with Paramount Pictures

Hannover, 15-November-2007 - The video game "BEOWULF", until recently in development at 4HEAD Studios, has been discontinued.

As the new blockbuster movie "Beowulf" from Paramount Pictures debuts in cinemas worldwide and the offical game of the movie becomes available, work on the independently developed game of same name is suspended. The game had been under development at German game developer 4HEAD Studios in collaboration with graphics and animation studio 3D-IO.

Paramount Pictures has obtained the rights to the project's core properties including trademarks, Internet domains, and other assets.

Executive Producer Gustaf Stechmann comments: "With the announcement of Ubisoft's offical game based on the movie and the conceivable competitive situation, we were seeing publishers unwilling to support our game. We thus lacked the resources needed to drive the project's development forward.

Luckily, we had the older rights to the use of the name. The buy-out deal with Paramount was therefore the logical exit strategy."

Game developer 4HEAD Studios had become financially unstable and was recently acquired by German publishing house DTP.

More information about the upcoming Beowulf game from Ubisoft can be found online at www.beowulfgame.com.