Gravity Co. Ltd. has entered into a licensing agreement with Twentieth Century Fox Licensing & Merchandising for an exclusive seven-year worldwide right to develop and publish Ice Age Online, an online game based on Fox’s Ice Age motion picture franchise. The game will include elements from both blockbuster films, Ice Age and Ice Age: The Meltdown.

“We are thrilled to be embarking on this Ice Age project,” says Il-Young Ryu, chairman and CEO of Gravity. “It is our aim to produce a great online game that will meet the expectations of all game users and Ice Age fans throughout the world. In addition, Gravity has been pursuing detailed discussions with Fox to publish additional online game titles in the future.”

Elie Dekel, executive vice president of licensing and merchandising for Fox, adds, “It’s important for us to have a committed online presence for the Ice Age brand. This agreement will ensure that a top-notch Ice Age gaming experience will be available to fans online for years to come.”

Ice Age Online is expected to be released in the third quarter of 2009.