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This excerpt taken from the ATVI 10-K filed Jun 9, 2006. Quake 4, in
fiscal 2005, according to NPD Funworld, we were the only publisher to have
three top-ten PC titles for calendar year 2004. We expect fiscal 2007 PC
publishing net revenues to decrease in absolute dollars due to a more focused
slate of titles in fiscal 2007 which includes only one PC exclusive title, This excerpt taken from the ATVI 10-Q filed Feb 8, 2006. Quake 4 titles, which have
associated purchased intellectual property.
40
Cost of sales intellectual property licenses for the nine months ended December 31, 2005 decreased in absolute dollars and as a percentage of publishing net revenues from $57.8 million and 6% of publishing net revenues to $55.8 million and 5% of publishing net revenues for the nine months ended December 31, 2004 and 2005, respectively. The decreases are due mainly to a one-time benefit due to the settlement of an intellectual property claim in the second quarter of fiscal 2006.
We expect cost of sales intellectual property licenses as a percentage of publishing net revenues to decrease slightly over fiscal 2005 due to the one-time benefit on the settlement of an intellectual property claim in the second quarter of fiscal 2006.
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