MGM Interactive, Danjaq, and EA Extend Agreement for James Bond Interactive Games; ``James Bond 007: Everything or Nothing'' to Debut for Holiday 2003

REDWOOD CITY, Calif., May 12, 2003 (BUSINESS WIRE) -- Electronic Arts (NASDAQ:ERTS) today announced an extension of the relationship with MGM Interactive and Danjaq LLC to extend the exclusive worldwide rights to develop, publish and distribute the ongoing series of interactive games based on the world-renowned James Bond franchise. The agreement, for one of the most popular video game licenses in history, will be continued until 2010.

The agreement allows EA to create games based on the world of James Bond, including the entire library of Ian Fleming books, the existing 20 feature films produced by MGM and Danjaq and all new James Bond films released during the term of the agreement.

EA also announced details about the next Bond game: James Bond 007: Everything or Nothing, which is scheduled for a holiday 2003 release. The game's unique storyline features James Bond driving, flying and combating terrorism across the globe with adventures in such exotic locales as Peru, Moscow, New Orleans and Egypt. The fifth in EA's Bond series, the game is in development for the PlayStation(R)2 computer entertainment system, the Xbox(TM) video game system from Microsoft, Nintendo GameCube(TM) and Nintendo Game Boy(R) Advance. The game will be unveiled this week at the Electronic Entertainment Expo (E3) in Los Angeles.

Following the successes of James Bond 007(TM) in... Agent Under Fire(TM) and James Bond 007(TM): NightFire(TM), James Bond 007: Everything or Nothing marks the third video game in the celebrated Bond series to feature an original storyline.

"EA produces some of the most popular and exciting video game titles on the market today," said Travis Rutherford, Senior Vice President of MGM Consumer Products and Interactive. "There's no better partner to carry on the Bond legacy in the interactive space."

"James Bond is one of the most popular and enduring figures in the history of video games," said EA President and Chief Operating Officer John Riccitiello. "The action and intrigue of the James Bond character is a perfect fit for the interactive genre and the generation that loves video games. This agreement guarantees that the Bond world - all the characters, gadgets and action - will continue to thrill players on this generation of video game console technology and the next."

"Our hands-on process in collaborating with EA every step of the way - throughout production, marketing, and the sales cycle - ensures that we create compelling, world-class product for the interactive video game marketplace," said Neil Haldar, Vice President of Production and Business Development of MGM Interactive. "We are extremely pleased to continue this successful partnership with EA for a long time to come."

"EA's development team enjoys a reputation for understanding and working closely with the film and television industries," said David Pope, Chief Operating Officer of Danjaq LLC. "This knowledge and experience has been essential in carrying the essence and integrity of the Bond franchise into the video game arena."

Last year, James Bond 007: NightFire was among the top 10 best sellers worldwide on both the PlayStation(R)2 console and Xbox(TM).

James Bond was first introduced to movie audiences in 1962 when Danjaq LLC and United Artists released "Dr. No." Films produced under the Bond franchise have generated billions of dollars in worldwide box-office revenues making it the most valuable franchise in motion picture history.

ABOUT MGM INTERACTIVE

MGM Interactive, a unit of Metro-Goldwyn-Mayer Inc. (NYSE: MGM), manages creative development and production of interactive products for a variety of multimedia platforms, as well as talent and developer relationships. Metro-Goldwyn-Mayer Inc. (NYSE: MGM), through its Metro-Goldwyn-Mayer Studios Inc. subsidiary, is actively engaged in the worldwide production and distribution of entertainment product, including motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The Company owns the largest modern film library in the world, consisting of approximately 4,000 titles. For more information on MGM, visit MGM Online at www.mgm.com. More information about the Bond films can be found on the official James Bond web site from MGM at www.jamesbond.com , or at the Danjaq site at www.007.com .

ABOUT EON PRODUCTIONS/DANJAQ, LLC/BOND MARKETING

Eon Productions, Danjaq, LLC and Bond Marketing are owned by the Broccoli family and have produced twenty James Bond films since 1962. The Bond films make up the most successful franchise in film history and include the recent blockbuster films, GOLDENEYE, TOMORROW NEVER DIES, THE WORLD IS NOT ENOUGH and DIE ANOTHER DAY produced by Michael G. Wilson and Barbara Broccoli. Eon Productions, Danjaq, LLC and Bond marketing are affiliate companies and control all worldwide production and merchandising rights in the James Bond franchise.

ABOUT ELECTRONIC ARTS

Electronic Arts, headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, Electronic Arts posted revenues of $2.5 billion for fiscal 2003. The company develops, publishes and distributes interactive software worldwide for video game systems, personal computers and the Internet. Electronic Arts markets its products under three brand names: EA SPORTS(TM), EA GAMES(TM), and EA SPORTS BIG(TM). EA's homepage and online game site is EA.COM(SM). More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com.

Note to Editors: Electronic Arts, EA GAMES, EA SPORTS and EA SPORTS BIG are trademarks or registered trademarks of Electronic Arts Inc. in the U.S. and/or other countries. EA.COM is a service mark of EA.com Inc. EVERYTHING OR NOTHING, AGENT UNDER FIRE, NIGHTFIRE Interactive Games (certain audiovisual components) (C) 2003 Danjaq, LLC, and United Artists Corporation. JAMES BOND, 007, James Bond Gun and Iris Logos and all other James Bond related trademarks TM Danjaq, LLC. James Bond, 007, James Bond Gun and Iris Logos and all other James Bond related properties (C) 1962-2003 Danjaq, LLC, and United Artists Corporation. EVERYTHING OR NOTHING, AGENT UNDER FIRE, and NIGHTFIRE are trademarks of Danjaq, LLC, and United Artists Corporation. ALL RIGHTS RESERVED. PlayStation is a registered trademark of Sony Computer Entertainment Inc. Microsoft and Xbox are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries and are used under license from Microsoft. Game Boy Advance and Nintendo GameCube are trademarks of Nintendo. All other trademarks are the property of their respective owners.

SOURCE: Electronic Arts

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Electronic Arts' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

© 2003 Electronic Arts Inc. All rights reserved.

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