LucasArts and BioWare today announced that they have entered into an agreement to create an interactive entertainment product. The product will “push the boundaries of the gaming market by utilizing the strengths of both companies to deliver an innovative, high-quality experience.” Expect more details at a later date.

Jim Ward, president of LucasArts: “LucasArts has a deep commitment to developing compelling stories and characters for the unique medium of interactive entertainment, and we have been searching for a developer that shares this value. We found this in BioWare. Through our previous collaborations, we know that BioWare has an impressive ability to blend gripping stories with technological advancements, and we believe that our upcoming product will deliver an experience that will span the traditional boundaries of video game entertainment.”

Ray Muzyka, chief executive officer at BioWare: “BioWare’s mission is to deliver the best story and character-driven games in the world, delivering powerful emotional experiences to our fans.”

Greg Zeschuk, president of BioWare: “The collaboration with LucasArts allows us to combine our passion for creating high quality and innovative experiences with those of a company dedicated to bringing only the finest games to market.

Hopefully the next two games in the Mass Effect trilogy (developed by BioWare) won’t suffer as a result. Because with these two companies joining hands, people are going to expect very big things.