May 19, 1994 |
BMG and Sega Invest in Rocket Science Games: Sega Enterprises and Bertelsmann Music Group have invested a total of $12 million in Rocket Science Games, a small Palo Alto-based multimedia start-up that hopes to become the interactive age's equivalent of a major movie studio. The company said Sega's investment includes funding from Japan-based CSK Ventures.
July 24, 2000 |
Moving to crack down on piracy, Sega of America said it shut down 185 Web sites that allegedly were selling or freely distributing bootlegged copies of games for its popular Dreamcast console machine. The sweeping closures, which Sega launched late last week, included auctions on Amazon.com Inc. and EBay Inc. Officials with Sega, the San Francisco-based arm of Sega Enterprises Ltd. in Japan, said the game maker sent out hundreds of letters to sites in Asia, Europe and the U.S.
February 2, 2001 |
DreamWorks SKG is parachuting out of the video arcade business, fleeing GameWorks, the company that Steven Spielberg helped found six years ago as a showcase for his passion for designing arcade games. GameWorks struggled to become a profitable business, quickly expanding and then retrenching. Last fall, the company landed in the middle of a firestorm when Washington politicians chided Hollywood for marketing violent entertainment to children.
April 15, 1993 |
A cable TV channel devoted solely to video games will be launched early next year under a partnership teaming video game manufacturer Sega Enterprises, entertainment conglomerate Time Warner Inc. and cable giant Tele-Communications Inc. The Sega Channel, as the venture is called, is the first in what is expected to be several new cable TV channels employing interactive technology. That technology allows viewers to instantly select the programs and movies they want to watch.
June 21, 1996 |
Founded: 1981 by Masayoshi Son. * Capital: 55 billion yen, or $520 million, as of April. * Headquarters: Tokyo. * Business: Largest distributor of personal computer software in Japan. * Growth strategy: Investments in and acquisitions of both established companies and start-ups. * Acquisitions: Ziff-Davis Publishing Co., the world's largest computer trade publisher, which puts out PC Magazine, Computer Shopper and other publications. Two major U.S.
August 18, 1992
With Design in Mind International Inc., a troubled Chatsworth toy and novelty gift company whose two top executives were ousted in June amid allegations of misconduct, reported a large loss and decline in sales in its latest quarter. With Design lost $1.24 million in its fiscal third quarter ended June 30, while sales fell 72%, to $521,126. A year earlier, it lost $424,406 on sales of $1.88 million. Sheldon F.
May 28, 1997 |
Japanese video game manufacturer Sega Enterprises Ltd. and Bandai Co., Japan's biggest toy company, Tuesday abruptly canceled plans to merge and create a multimedia entertainment company with annual sales of more than $6 billion. Opposition to the merger had been building within Bandai, whose hit product Tamagotchi, an electronic baby chicken, has propelled the company into the international spotlight.
October 16, 2000 |
In 1998, the last time the electronics and automotive industries converged in Detroit to ponder what gizmos drivers might want in cars, global sales of in-vehicle communications hardware and services totaled $2 billion. With sales now at $4.2 billion and forecast to rise more than tenfold to $47 billion by decade's end, some of the biggest names in computers and telecommunications are making pitches at this week's newly expanded Convergence 2000 conference. Sun Microsystems Inc.
November 19, 1993 |
Nintendo Co., once the unchallenged king of the video game industry, reported its first earnings decline in 10 years, amid fierce competition from Sega Enterprises Ltd. The maker of Super Mario is finally feeling the pinch of the global economic slowdown. Nintendo said Thursday that pretax profit in the first half of its fiscal year, equivalent to about $576 million, was down 24% from a year earlier and far below the $741 million analysts had foreseen.