LADYDRAGON.COM - Acclaim Entertainment, Inc. Signs Licensing Agreement With Disney Interactive for `Alias', ABC Television's Hit Drama Series

Monday January 27, 2003

Acclaim Entertainment, Inc. Signs Licensing Agreement With Disney Interactive for `Alias', ABC Television's Hit Drama Series

Acclaim's Internal Product Development Studio Creating Video Game to be Released in Fall of 2003

Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has signed an agreement with Disney Interactive for the rights to publish video games based on ABC Television's hit drama series, "Alias." Currently in its second season, "Alias" is one of television's most critically acclaimed series. The "Alias" video game is currently being developed by Acclaim's Cheltenham studio and is scheduled to be released in the fall of 2003 across all of the next-generation gaming platforms.

"Alias" will be a third-person action adventure video game that allows players to step into the role of the series' lead character, Sydney Bristow, an agent for the CIA. Bristow must use her cunning, extensive knowledge of martial arts and array of high-tech gadgetry to accomplish dangerous missions. "Alias" will encompass all of the key elements behind the series' success, including high-action combat, stealth missions and time-based objectives, espionage, intriguing plot twists, high-tech weaponry and stunning gameplay locations that span the globe.

"Alias is one of the strongest new TV entertainment properties and is filled with great characters, rich storylines and incredible action that lends itself perfectly to interactive entertainment," said Evan Stein, Vice President of Marketing for Acclaim. "We are thrilled to have 'Alias' join our portfolio of world-renowned licenses."

"With the strength of the storylines in Alias, we couldn't imagine a better venue of expression then through the world of video games," says Bruce Gersh, Vice President of Business Development at ABC. "We are excited about the prospect of a great game that will bring all the elements of the show to a new fan base in the gaming world."

"Alias" was created by J.J. Abrams, who executive-produces the series along with John Eisendrath, Ken Olin, Alex Kurtzman-Counter, and Roberto Orci. The series, which is filmed in Los Angeles and premiered on September 30, 2001, is from Touchstone Television.

About Acclaim Entertainment

Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment game consoles including those manufactured by Nintendo, Sony Computer Entertainment and Microsoft Corporation as well as personal computer hardware systems. Acclaim owns and operates six studios located in the United States and the United Kingdom which includes a motion capture and recording studio in the U.S., and publishes and distributes its software through its subsidiaries in North America, the United Kingdom, Germany, France and Spain. The Company uses regional distributors worldwide. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues "special edition" comic magazines from time to time to support its time valued brands, Turok and Shadow Man. Acclaim's corporate headquarters are in Glen Cove, New York and Acclaim's common stock is publicly traded on NASDAQ.SC under the symbol AKLM. For more information please visit our website at www.acclaim.com.

About Disney Interactive

Disney Interactive, Inc., a worldwide leader in the creation of innovative interactive entertainment, develops, markets and globally distributes a wide variety of interactive family-oriented entertainment, educational and sports CD-ROMs and video games. Disney Interactive is the multimedia arm of The Walt Disney Company's Consumer Products business unit. For more information on Disney Interactive's products, visit http://www.disneyinteractive.com.