"The value line business in North America is a profitable and growing category which well exceeded $1 billion in PC and console sales in 2004," said Mr. O'Neil. "Danny has a proven track record in creating successful value line strategies and we are thrilled to have him on-board leading VU Games' efforts in this area."
Mr. Hammett has held numerous senior level executive positions in the interactive entertainment industry. He founded Head Games Publishing in 1994, focusing on outdoor leisure action games and the value line business segment. In 1997, Mr. Hammett sold the company to Activision and was appointed Senior Vice President of Publishing for Head Games Publishing. He later was named Executive Vice President of Activision and President of Activision Value Publishing where he built the company's value line business unit to more than $100 million in annual revenues.
VU Games' value line products will be priced competitively at $29.99 for console games and $19.99 and below for PC games. The company's value line titles will leverage the company's extensive catalogue of popular brands including Kings Quest, Tribes and Dark Age of Camelot, as well as entirely new properties.
Mr. Hammett will report to Philip W. O'Neil, VU Games' President, North America.