Last Thursday, SNK Playmore issued a statement which “terminates” the license agreement between themselves and Tommo, Inc. Tommo is responsible for the production and distribution of the NEOGEO X Gold, a system which both allows and supports the “rebirth” of the original NEOGEO console and its accessories. The license and distribution agreement that Tommo and SNK Playmore shared was terminated on October 2nd, 2013, with SNK demanding that Tommo “immediately cease any and all manufacturing, distribution, marketing & promotion and selling of the Licensed Products.”
The affected SKUs are as follows:
- NEOGEO X GOLD Limited Edition
- NEOGEO X MEGA PACK VOLUME 1
- NEOGEO X Classics Vol. 1
- NEOGEO X Classics Vol. 2
- NEOGEO X Classics Vol. 3
- NEOGEO X Classics Vol. 4
- NEOGEO X Classics Vol. 5
SNK has also demanded that Tommo, again, immediately stop all sales of the SNK NEOGEO X Arcade Stick. The arcade stick is sold separately from the NEOGEO X Gold, but is still supported by the console.
Tommo, Inc. has responded to SNK’s abrupt press release, having posted a response this morning, October 8th. The company “denies that any breach of contract exists in their agreement with SNK PLAYMORE USA Corp and are continuing to support and market the popular NEOGEO X GOLD entertainment system, its accessories, and games.”
Furthermore, Tommo claims that, due to the system’s popularity, the company had extended their agreement with SNK Playmore until 2016. “Tommo fully expects this agreement to be honored by all parties,” the company’s release reads. “To date, Tommo has performed all of its obligations under its license agreement with SNK and is disappointed by SNK’s sudden and unjustified termination of the agreement. Tommo has demanded that SNK retract its press release and any attempts to terminate the license agreement.”
Possibly in response to SNK’s detailed list of terminated products, CEO of Tommo Inc. Jonathan Wan has gone on record saying that “[the company will continue] to sell NEOGEO X products, including the NEOGEO X GOLD System, Arcade Stick, MEGA PACK Volume 1 and Classics Volumes 1-5. The license agreement which allows Tommo to sell and market these products remains in effect.”
While the current back and forth between Tommo, Inc. and SNK Playmore exists only as aggressive press releases, we expect this issue to get messy — and fast. Stick around the site for more news concerning the NEOGEO X Gold. We will update our newsfeed accordingly.