Red Storm Entertainment, Inc. Reports Quadrupled Annual Revenue
Gaming company packs a powerful financial punch in its third year of operation.
MORRISVILLE, N.C., January 11, 2000 – Red Storm Entertainment, Inc. today reported well over 60 million dollars in revenue from worldwide sales for the 1999 fiscal year, resulting in a 400 percent increase from 1998.
Red Storm’s first year of operation in 1997 brought in revenues of over 2 million dollars. In 1998, the company introduced the world to PC top-seller Tom Clancy’s Rainbow Six, along with PC titles Dominant Species and Tom Clancy’s ruthless.com, generating 16 million dollars from worldwide sales. Red Storm released six products in 1999 and entered into the console market with Rainbow Six for the Nintendo 64 and PlayStation, generating revenue of over 60 million dollars and greatly increasing the company’s worldwide presence.
“This growth reflects the increasing success of the Tom Clancy’s Rainbow Six franchise and demonstrates our ability to leverage that success on the PC across the gaming market,” Red Storm Entertainment CEO and President Doug Littlejohns said. “I am pleased that our performance continues to exceed even our plan for rapid expansion to become a major force in worldwide publishing.”
The company fully expects to more than double its product line in 2000, including: Shadow Watch, Rainbow Six for GameBoy Color, Rogue Spear: Urban Operations (PC mission pack), UFS Vanguard, a game inspired by the works of popular author Anne McCaffrey, and a series of multi-platform games drawn from the BKN cartoon series Roswell Conspiracies: Aliens, Myths & Legends.
Red Storm’s first year of operation in 1997 brought in revenues of over 2 million dollars. In 1998, the company introduced the world to PC top-seller Tom Clancy’s Rainbow Six, along with PC titles Dominant Species and Tom Clancy’s ruthless.com, generating 16 million dollars from worldwide sales. Red Storm released six products in 1999 and entered into the console market with Rainbow Six for the Nintendo 64 and PlayStation, generating revenue of over 60 million dollars and greatly increasing the company’s worldwide presence.
“This growth reflects the increasing success of the Tom Clancy’s Rainbow Six franchise and demonstrates our ability to leverage that success on the PC across the gaming market,” Red Storm Entertainment CEO and President Doug Littlejohns said. “I am pleased that our performance continues to exceed even our plan for rapid expansion to become a major force in worldwide publishing.”
The company fully expects to more than double its product line in 2000, including: Shadow Watch, Rainbow Six for GameBoy Color, Rogue Spear: Urban Operations (PC mission pack), UFS Vanguard, a game inspired by the works of popular author Anne McCaffrey, and a series of multi-platform games drawn from the BKN cartoon series Roswell Conspiracies: Aliens, Myths & Legends.
Companies:
Red Storm
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