8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):   April 13, 2007

Majesco Entertainment Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
333-70663	06-1529524
(Commission File Number)	(IRS Employer Identification No.)
160 Raritan Center Parkway, Edison, New Jersey	08837
(Address of Principal Executive Offices)	(Zip Code)
(732) 225-8910
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

SECTION 1 - REGISTRANT’S BUSINESS AND OPERATIONS

ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

(a)  On April 13, 2007, Majesco Europe Limited (the “Company”), a wholly-owned subsidiary of Majesco Entertainment Company (“Majesco”), entered into a License and Distribution Agreement (the “Agreement”) with Eidos Interactive Limited (“Eidos”). Under the Agreement, the Company appointed Eidos as the exclusive distributor for certain of Majesco’s video game titles (the “Titles”) in the PAL territories, including Europe, Australia and New Zealand, the Middle East, and South Africa. The Agreement covers Titles to be released between June 2007 and June 2008, although the parties may agree at any time to add more Titles to the Agreement. Unless terminated earlier, the Agreement shall remain in effect from April 13, 2007 until 270 days after the commercial release by Eidos of the last Title covered by the Agreement.  

Pursuant to the Agreement, Eidos agrees to purchase a guaranteed number of units of the Titles (the “Guarantee”), which Guarantee may be met using any combination of unit quantities of the Titles, subject to the minimum order requirements of the platform owners/manufacturers. Subject to certain limitations, Eidos may lower the Guarantee by certain pre-determined amounts for any Title that the Company delivers beyond the quarter in which the Title was originally scheduled for release.

Under the Agreement, the Company is responsible for creating, developing, localizing, testing, submitting, and manufacturing the Titles and their associated documentation. Eidos is responsible for selling and marketing the Titles, including supporting each Title with a marketing program. Eidos is also responsible for providing end user customer support for the Titles. The recommended retail prices of the Titles were set and may only be changed by mutual agreement of the parties.

On April 18, 2007, Majesco issued a press release announcing the Agreement. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) The following exhibit is furnished with this report:

Exhibit  Number	Description
99.1	Press Release dated April 18, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MAJESCO ENTERTAINMENT COMPANY
Dated: April 19, 2007
	/s/ Jesse Sutton
	Jesse Sutton Interim Chief Executive Officer

EX-99.1

Contact:

Gloria Quinn

HighWater Group PR

(212) 338-0077 x. 310

gloria@highwatergroup.com

FOR IMMEDIATE RELEASE

EIDOS INTERACTIVE AND MAJESCO ENTERTAINMENT PARTNER

FOR EUROPEAN DISTRIBUTION DEAL

Eight New Titles to Launch in PAL Territories by the Summer

EDISON, NJ, April 18, 2007 – Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games and digital entertainment products for the mass market, today announced a partnership with Eidos Interactive to distribute a number of new titles to PAL territories.

The partnership will predominantly focus on Nintendo DS^ä titles including: Cake Mania^ä, The New York Times Crosswords, MechAssault^Ò: Phantom War and Nancy Drew^ä: The Deadly Secret of Olde World Park, and several unannounced Wii^ä and DS console titles.  

“There is an obvious synergy between Eidos’ focus on the casual games market and Majesco’s expertise in this field,” said Ian Livingstone, Product Acquisition Director, Eidos. “This is just the start of an exciting relationship with Majesco and furthers our commitment to casual games.”

"This partnership with Eidos provides us with a focus that our mass market games will really benefit from, and is a natural progression in our company’s evolution. It’s also a fantastic opportunity to work with some of the best professionals in the industry while benefiting from a proven international distribution network,” said Jason Dutton, Managing Director, Majesco Entertainment International.

Eidos and Majesco will launch eight new titles by this summer and have more than 15 other titles in the pipeline.

-more-

About Eidos Interactive Ltd

Eidos Interactive Ltd is part of SCi Entertainment Group Plc (SEG) one of the world's leading publishers and developers of entertainment software. Eidos consists of publishing operations across Europe and the US and several development studios including Crystal Dynamics, IO Interactive, Beautiful Game Studios, Eidos Studios Hungary, Eidos Sweden and Pivotal Games. The Group has a valuable combined portfolio of intellectual property including: Tomb Raider, Hitman, Deus Ex, Championship Manager, Carmageddon, Battlestations: Midway, the Conflict series and Just Cause.

Some of the titles currently in development include: Kane & Lynch: Dead Men, Crossfire and Highlander.

About Majesco Entertainment Company

Headquartered in Edison, NJ, with an international office based in Bristol, UK, Majesco Entertainment Company (NASDAQ: COOL) is an innovative provider of video games and digital entertainment products for the mass market, with a focus on publishing video games for leading portable systems and the Wii^™ console.  Current product line highlights include Cake Mania^™ for the Nintendo DS^™, Cooking Mama: Cook Off for the Wii^™ console and JAWS^™ Unleashed. More information about Majesco can be found online at www.majescoentertainment.com and www.majescoeurope.com.  

For further information please contact:

Chris Glover | Head of Communications | Eidos

T: + 44 (0) 208 6363 3000 E: chrisg@eidos.co.uk

John Merchant | Marketing Manager International | Majesco Entertainment International.

T: +44 (0) 117 373 6151 E: Jmerchant@majescoentertainment.com

Safe Harbor

Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology.  The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors.  These factors include but are not limited to, the demand for our products; our ability to complete and release our products in a timely fashion; competitive factors in the businesses in which we compete; continued consumer acceptance of our products and the gaming platforms on which our products operate; fulfillment of orders preliminarily made by customers; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity.  The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

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