Activision Inc. on Tuesday announced that it extended its exclusive worldwide rights to publish video games based on Spider-Man movie sequels or potential television series through 2017.

The latest contract with Spider-Man Merchandising L.P., a partnership between Marvel Entertainment, Inc. and Sony Pictures Consumer Products Inc., extends an agreement that granted Activision rights for the next Spider-Man feature film, "Spider-Man 3," which is set for release in May 2007.

Activision has already published games based on the two previous Spider-Man movies. In 2004, "Spider-Man 2" was the No. 1 movie-based video game sold in the U.S., according to data cited by Activision.

Shares of Activision fell 2.8 percent to settle at $13.81 on Tuesday.

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