May 29, 1998
Sega Enterprises Ltd.'s Redwood City-based U.S. video game unit said it will spend $100 million in North America to promote its Dreamcast video game console even though it won't be released until 1999. Dreamcast is the 128-bit home video game machine developed in cooperation with Microsoft and others. Sega is betting Dreamcast, which gives users access to the Internet, will challenge Sony's PlayStation and Nintendo's Nintendo 64 in the $15-billion video game market.
August 31, 1994 |
Pinball, it seems, is still profitable. At a time when "Super Streetfighter 2" and sophisticated virtual reality games are all the rage at the video arcade, Sega Enterprises Ltd. plans to acquire Chicago-based Data East Pinball, the world's second-largest pinball maker.
March 29, 2000 |
Electronic Arts Inc., Nintendo Co. and Sega Enterprises Ltd. sued Yahoo Inc. over the sale of counterfeit video game software sold through the Internet directory's Web site. The suit, filed in U.S. District Court in San Francisco, alleges that Yahoo is aware of the sales of pirated software, makes money because of them and has the ability to halt the sales. It seeks compensatory damages and an injunction halting the sales. Yahoo officials weren't immediately available to comment.
August 13, 1999
Sega of America Inc. replaced its president, Bernard Solar, just as the video game maker is about to launch its high-powered Dreamcast game system, designed to revive flagging sales. Sega did not say whether Solar, who has been a marketing force for Dreamcast, was fired or resigned Wednesday. Toshiro Kezuka, who joined the company this year as deputy chairman, was named vice chairman and chief operating officer to replace Solar.
May 12, 1992
THQ Inc., a Calabasas marketer of video games and toys, said it and some of its shareholders hope to sell up to 3 million shares of common stock in a public offering. Of the total shares being offered, 1.5 million are held by the company and the remaining shares are owned by certain shareholders, it said. THQ, whose stock now trades at about $6 a share, said proceeds from the offering would be used for working capital and other general corporate purposes. Volpe, Welty & Co.
May 8, 1990 |
World heavyweight boxing champion James (Buster) Douglas said today he has signed a multimillion-dollar agreement to lend his name to a home video game, his first commercial deal since taking the title in a stunning upset of Mike Tyson. The boxing game will be created by Sega of America Inc., a subsidiary of Japan's Sega Enterprises Ltd., and will pit Douglas against Tyson, who has lent his name to a video game marketed by Nintendo.