GT Interactive Software has strengthened its international share in the software entertainment market with the acquisition of software developer Reflections Interactive.
Reflections came at a cost of 2.28 million shares of common stock and is the latest addition to GT's continually growing Internal Studio Program that includes Bootprint Entertainment, Cavedog Entertainment, Humonogous Entertainment, SingleTrac and Oddworld Inhabitants.
The program aims to establish internal development capabilities that facilitate the increase of GT's control over intellectual property, development times and margins.
With an aim to create broad global appeal, GT is attempting to take advantage of what Ron Chaimowitz, chairman and chief executive officer of GT, sees as Reflections' "ability to create global brands with successful sequels", as demonstrated by their multimillion-unit selling Destruction Derby franchise.
Driver, the first Reflections title, will be available in the third quarter of 1999 and will be operable on both PlayStation and the PC.