of one of the world's largest entertainment companies. Viacom had planned to sell Spelling and buy Virgin Interactive out of Spelling before the sale. While it abandoned the Spelling sale some time ago, the collapse in the games market appears to have killed off any interest in buying Virgin. Blockbuster and Viacom invested heavily in the production of CD-based interactive multimedia—video games featuring sophisticated motion-picture video, stereo sound and computer animation. VIE's headquarters were expanded to include 17 production studios where expensive SGI “graphics supercomputers” were used to build increasingly complicated games, eventually becoming one of the five largest U.S.-based video game companies. In 1995, VIE signed a deal with Capcom to publish its titles in Europe, supplanting Acclaim Entertainment as Capcom's designated European distributor. VIE later published titles released by other companies, such as Hudson Soft. Re-independence and purchase of US operations by Electronic Arts (1998-1999) Spelling put its ownership of Virgin up for sale as a public stock offering in 1997, stating that Virgin's financial performance had been disappointing. Since Spelling's purchase of the company, Virgin had lost $14 million in 1995 and was expected to post similar losses for 1996. In 1998, Virgin Interactive's US operations were divested to Electronic Arts as part of its $122.5 million (£75 million) acquisition of Westwood Studios that same year. Electronic Arts also acquired the Burst Studios development studio, which was renamed to Westwood Pacific by its new owners. The European division though was put out in a majority stake buyout backed by Mark Dyne, who became its Chief Executive Officer in the same year. Tim Chaney, the former Managing Director was named president. Purchase by Interplay and Titus (1999-2002) On February 17, 1999, Interplay Entertainment purchased a 49.9% minority interest in the company, allowing Interplay to distribute Virgin's titles in North America and Virgin distributing Interplay's titles in Europe. In October of that year, Titus Interactive acquired a 50.1% majority interest in VIE after the company acquired a majority interest in Interplay. In 2001, Titus Software Corporation, the North American division of Titus Interactive, announced a new line of games to be branded under the Virgin Interactive name in North America, which were to be sold at a budget price of $20. These games would be Screamer 4x4, Codename: Outbreak, Original War, Jimmy White's Cueball World and Nightstone. This would be the first time since 1998 that the Virgin Interactive