SPIKE TV 2006 VIDEO GAME AWARDS HONORS ACTIVISION’S TONY HAWK’S PROJECT 8™ AND REDOCTANE’S GUITAR HERO II™

Santa Monica, CA – December 13, 2006 – Activision, Inc. (Nasdaq: ATVI) announced today that Tony Hawk’s Project 8™ and RedOctane’s Guitar Hero II™ were honored at the Spike TV 2006 Video Game Awards show, held on Friday night at the University of Southern California’s Galen Center in Los Angeles. Tony Hawk’s Project 8 won the “Best Individual Sports Game” award and Guitar Hero II earned “Best Soundtrack” honors.

“We’re thrilled that Tony Hawk’s Project 8 and Guitar Hero II won VGAs,” said Will Kassoy, senior vice president of global brand management. “The development teams at Neversoft and Harmonix are committed to developing innovative and entertaining video games and this acknowledgement from the fans is a testament to all of their hard work.”

RedOctane’s president and co-founder, Kai Huang added, “The Guitar Hero games are designed to inspire people to channel their inner rock star, so it is extremely rewarding to know that the fans appreciated the rock anthems that we chose for Guitar Hero II and have acknowledged our efforts with Spike TV’s ‘Best Soundtrack’ award.”

The fourth annual Spike TV 2006 Video Game Awards, hosted by Samuel L. Jackson will premiere tonight (December 13) at 10:00 PM ET/PT on Spike TV.

Spike TV, the first network for men, is available in 88 million homes and is a division of MTV Networks. MTV Networks, a division of Viacom International Inc. To learn more log onto www.spiketv.com.

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $1.47 billion for the fiscal year ended March 31, 2006.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Italy, Japan, Australia, Sweden, Spain, the Netherlands and South Korea. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.

The statements made in this press release that are not historical facts are “forward-looking statements.” These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. The Company cautions readers of this press release that a number of important factors could cause Activision's actual future results to differ materially from those expressed in any such forward-looking statements. Such factors include, without limitation, product delays, retail acceptance of our products, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, litigation and an informal SEC inquiry, maintenance of relationships with key personnel, vendors and third-party developers, international economic and political conditions, integration of recently acquired subsidiaries and identification of suitable future acquisition opportunities. These important factors and other factors that potentially could affect the Company’s financial results are described in our filings with the Securities and Exchange Commission, including the Company’s most recent Annual report on Form 10-K and Quarterly Report on Form 10-Q. Readers of this press release are referred to such filings. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in the Company’s assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.