Santa Monica, CA – May 17, 2002 -- Activision, Inc. (Nasdaq: ATVI) today announced that it has obtained the exclusive worldwide rights to develop and publish interactive entertainment games based on Revolution Studios’ upcoming feature film “XXX” starring Vin Diesel of “The Fast and the Furious.” The film reunites Diesel with Rob Cohen and Neal H. Moritz, respectively the director and producer of “The Fast and the Furious.”

Under the terms of the agreement, Activision has obtained the rights to develop games based on the movie for all console and handheld platforms as well the PC. The license also grants Activision the option to develop and publish products based on subsequent movie sequels, television series or new comic books based on the movie.

“XXX” tells the story of Xander Cage, a notorious death defying action sports athlete, recruited by the NSA for a mission so impossible every other agent has failed. Drawing on his own very unconventional experience, Cage must use all his extreme skills to combat a clever, organized and ruthless enemy far beyond the scope of his experience.

“Our game will let players experience the adrenaline rush of being an extreme athlete super agent,” states Larry Goldberg, executive vice president, Activision Worldwide Studios. “As the leader in action sports video games, “XXX” fits perfectly with our expertise and allows us to combine the tricks of an action sports game with the excitement and explosives of a spy thriller.”

Activision will work closely with Revolution Studios to deliver an interactive game that reflects the rich storyline, characters and environments of the upcoming movie. With their input, Activision will re-create the visual and visceral immersive experience of this thrilling action film.

About Activision

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted revenues of $786 million for the fiscal year ended March 31, 2002.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Japan, Australia, and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.

The statements contained in this release that are not historical facts are “forward-looking statements.” The Company cautions readers of this press release that a number of important factors could cause Activision’s actual future results to differ materially from those expressed in any such forward-looking statements. These important factors, and other factors that could affect Activision, are described in Activision’s Annual Report on Form 10-K for the fiscal year ended March 31, 2002, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.

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