The rights to the "Might and Magic" name were purchased for $1.3 million by Ubisoft, which revived the franchise with a new series under the same name.
(meta data) TITLE: Namco, Ubisoft and MS carve up 3DO assets | GamesIndustry.biz Sections You are not signed in. # Namco, Ubisoft and MS carve up 3DO assets ## The first results of the auction for 3DO's franchises and assets have been revealed, with bid wins for Namco, Ubisoft and Microsoft on the company's three major game franchises, but no word as yet on the fate of the smaller lots. Rob Fahey Contributing Editor Monday 18th August 2003 Share this article The first results of the auction for 3DO's franchises and assets have been revealed, with bid wins for Namco, Ubisoft and Microsoft on the company's three major game franchises, but no word as yet on the fate of the smaller lots. The British interest comes in the form of Street Racing Syndicate, which is under development at UK studio Eutechnyx; this title has now been taken over by Namco for $1.5 million, and it's hoped that the development process will be unaffected by the publisher change. Meanwhile Ubi Soft's $1.3 million leading bid for the Heroes of Might and Magic franchise has been confirmed as the winner in that auction, while Microsoft has acquired the rights to High Heat Baseball for an as-yet undisclosed price. Commentators anticipate that Microsoft will replace its own Inside Pitch franchise with High Heat Baseball, a much more successful title and one which the company has expressed significant interest in for some time. We'll bring you news on the other auctions as the results are made official; the other asset groups on sale were Army Men (bidders being Eidos and Turbine), Jacked (sole bidder being JoWooD), Cubix (sole bidder being 4kids), and two grouped lots - "Internet patents" and "Other patents". Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email address Related stories ## Riot Games reaches preliminary settlement in class action lawsuit over gender discrimination Riot: "Gender discrimination (in pay or promotion), sexual harassment, and retaliation are not systemic issues at Riot" By Rebekah Valentine ## The joyful representation of The Sims EA Maxis senior producer Michael Duke on creating studio longevity, improving representation, and building a lasting franchise By Rebekah Valentine Related Jobs Lead Game Designer - SUMO NOTTINGHAM Sumo Digital Environment Artist - SUMO NOTTINGHAM Sumo Digital Art Director - SUMO SHEFFIELD Sumo Digital Discover more jobs in games Latest comments Sign in to contribute Email addressPassword Need an account? Register now. Latest articles from our team Matthew HandrahanEditor-in-Chief Borderlands 3's secret weapon is in the writers' room James BatchelorUK Editor Restoring trust in Star Wars Battlefront II Brendan SinclairNorth American Editor Respawn at the Apex of community dysfunction | Opinion Haydn TaylorStaff Writer Ustwo: Giving creativity the attention it deserves Rebekah ValentineStaff Writer The joyful representation of The Sims Rob FaheyContributing Editor The future for platform holders is cooperation, not just competition | Opinion Christopher DringPublisher What will be the biggest video games of Christmas 2019? Upcoming Events 17th October 2019 London ExCel Reboot Develop Red 30th October 2019 Fairmont Banff Springs, Canada EGX Berlin 1st November 2019 Station Berlin, Berlin, Germany Show all Games Industry events Latest Comments David Cornelius posted a comment in The GamesIndustry.biz Podcast: Is this podcast 'political'? Chaton Pute posted a comment in The joyful representation of The Sims AbdulBasit Saliu posted a comment in Grand Theft Auto V is back on top in the EMEAA charts Ian Griffiths posted a comment in Respawn at the Apex of community dysfunction | Opinion Bob Johnson posted a comment in Respawn at the Apex of community dysfunction | Opinion James Berg posted a comment in Sweating the details of diversity in Marvel's Spider-Man
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Jon Van Caneghem
Career.
In 1983, Van Caneghem founded New World Computing, a publisher and developer of computer and console games. 
 Their first title was the medieval fantasy "Might and Magic: Secret of the Inner Sanctum"—one of the first role-playing games to feature detailed drawings of both indoor and outdoor locations.  It debuted in 1986 for the Apple II. The series went on to include nine bestselling games, all of which Van Caneghem co-created. In 1990 Van Caneghem released "King's Bounty", the forerunner of the "Heroes of Might and Magic" series of seven games which feature turn-based, fantasy-themed conflicts in which players control armies of mythical creatures. 
 In the following 20 years as president and CEO of New World Computing, Van Caneghem oversaw the publishing of more than 250 titles worldwide. 
 Van Caneghem sold New World Computing to developer and publisher 3DO in 1996 for US$13 million.  He remained with 3DO as president and "lead visionary" until 2003 when 3DO filed for bankruptcy and eliminated its New World Computing division.