September 27^th, 2005 (1:45pm) - Buena Vista Games and Epic Games have announced an agreement to license Unreal Engine 3 for multiple next-generation BVG projects. The first game under the agreement is based on the popular Turok franchise, and will be developed by BVG’s new Propaganda Games studio in Vancouver, British Columbia.

"We have ambitious goals for the future and a strategy to enhance Buena Vista Games’ position as a major force in interactive entertainment. BVG’s intellectual properties, combined with Epic’s leadership in underlying technology, ensures the best game content for consumers," said Michael Ryder, vice president of worldwide production, Buena Vista Games.

"Licensing Unreal Engine 3 is a strategic move to provide cost-effective and timely delivery of new content, allowing our development teams to leverage the enormous capabilities of emerging next-generation systems," he concluded.

Mark Rein, vice president and co-founder of Epic Games said, "BVG has some awesome IP to work with and we feel privileged to contribute to its success. It’s great to be working with the Propaganda Games team, an amazingly talented group of people, and with a management team that appreciates the importance of providing its teams with the best tools and technology to help them deliver. We have no doubt that BVG will be one of the big success stories of the next generation."