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February 22, 2001 | YUKA OBAYASHI, REUTERS
How will teenagers play arcade video games in the future? Giggling away with friends or alone in a networked world, battling anonymous foes in foreign cities miles away, communicating only through blinking screens? A new video game alliance announced Wednesday by Sony Corp. shows that the arcade centers of the future could well be a combination of the traditional physical game centers of the past and the cyber world of the Internet generation.
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BUSINESS
February 22, 2001 | YUKA OBAYASHI, REUTERS
How will teenagers play arcade video games in the future? Giggling away with friends or alone in a networked world, battling anonymous foes in foreign cities miles away, communicating only through blinking screens? A new video game alliance announced Wednesday by Sony Corp. shows that the arcade centers of the future could well be a combination of the traditional physical game centers of the past and the cyber world of the Internet generation.
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BUSINESS
February 6, 1985
Warner Communications said it signed a definitive agreement to sell a controlling interest in its coin-operated game company to Namco Ltd., Japan's leading arcade game manufacturer. Warner Vice President Geoffrey W. Holmes declined to disclose the terms of the deal, other than to say that Namco is purchasing "more than 50%." Atari Games is believed to have generated 1984 revenue of about $50 million.
BUSINESS
May 9, 2003 | From Bloomberg News
Shares of Sega Corp., Japan's biggest maker of arcade video-game machines, fell as much as 9% on the Tokyo stock market today after rival game maker Namco Ltd. and Sammy Corp. scrapped proposals to merge with the creator of Sonic the Hedgehog. Sega and Sammy, a maker of pachinko slot machines, ended talks after executives failed to agree on merger terms or a name for the new company, Sammy President Hajime Satomi said.
BUSINESS
September 11, 2002 | Alex Pham
Microsoft Corp. is in talks to acquire Rare Ltd., a game development studio that is 49% owned by Nintendo Co., according to sources close to the negotiations. A sale would be a coup for Microsoft, which launched its Xbox game console last year and is aggressively seeking premium titles for the box. Rare, based in Britain, has developed a reputation as a top-tier developer for Nintendo.
BUSINESS
August 8, 2003 | From Reuters
Seven video game companies, including Microsoft Corp., Eidos and Ubi Soft Entertainment, have qualified to bid in the auction for the assets of publisher 3DO Co., according to court papers filed Thursday. In a notice filed with the U.S. Bankruptcy Court in San Francisco, 3DO's attorneys said Microsoft, Eidos, Ubi Soft, Jowood Productions Software, Namco Hometek Inc., Turbine Entertainment Software Corp. and Crave Entertainment filed by Wednesday's deadline to bid in the Aug. 14 auction.
BUSINESS
March 30, 2001 | ALEX PHAM, TIMES STAFF WRITER
Attempting to succeed where others have failed, Microsoft Corp. Chairman Bill Gates today paid homage to Japanese video game fans as the software giant launches an aggressive campaign to push its Xbox game console in the land that gave the world Mario and Sonic. Microsoft plans to spend $500 million whipping up worldwide demand for its black-and-green game machine.
BUSINESS
March 29, 2004 | Reed Stevenson and Ben Berkowitz, Reuters
The video game industry is facing a hardening of the creative arteries as aging gamers' tastes increasingly shift toward sequels and games based on movies, industry participants said this week. With more and more titles chasing the success of their predecessors and content owners digging deep into their libraries to tap older material for quick fail-proof conversion into games, the industry is faced with a question more serious than rhetorical: What's new?
BUSINESS
September 26, 1994 | DAVID HOLLEY, TIMES STAFF WRITER
Masaya Nakamura, chairman of Namco Ltd., struggled for years to win respect for the video game industry in Japan, including protection for game software and a better image for once-sleazy game parlors. One of his tactics, he said in a recent interview, was to lecture arcade operators to run their businesses "in such a way that if their own children came into the arcade, they would be proud to say to them, 'This is the work your father does.'
BUSINESS
February 2, 1997 | DAVID HOLLEY, TIMES STAFF WRITER
Fumiko Osawa, owner of a small Yokohama shop that sells packaged tea, feels almost hopeless about the future of Japan's economy. Stocks have plunged 15% in the last two months, land prices are less than half their late-1980s values and the population is rapidly aging. Osawa fears that Japan is headed for "depression." "I think the only ones who make money will be doctors and those who sell graveyards or run nursing homes," Osawa said. "We can't expect a glorious future."
CALIFORNIA | LOCAL
June 7, 1998
More than 70 young people are graduating at the head of their class from Ventura County high schools this month. The following list of valedictorians around the county does not include top students at Adolfo Camarillo High, Channel Islands High or Oxnard High, where valedictorians are not selected until later this month. And as a matter of tradition, neither Ventura High nor Buena High in the Ventura Unified School District selects valedictorians.
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