Activision, Bungie ink 10-year pact

Planning to launch 'the next big action game universe'

NEW YORK -- Video game giant Activision Blizzard has struck a 10-year deal with game developer and "Halo" creator Bungie to launch "the next big action game universe."

Financial terms weren't disclosed, but Activision has the exclusive global rights to the new game franchise across platforms and devices.

The companies also didn't disclose a title or likely timing of game releases.

Bungie split off from Microsoft Corp., where it created "Halo," in 2007. The studio also developed "Myth" and "Marathon." Activision called Bungie "one of the industry's most creative, successful and proven studios," highlighting that its games have sold more than 25 million units.