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.
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.
October 7, 1999 |
Ron Bension, former head of Universal Studios' theme park unit, was named president and chief executive of Sega GameWorks, a video game entertainment center venture between Universal, DreamWorks SKG and game company Sega Enterprises. Bension replaces Michael Montgomery, who left the 4-year-old company to join Digital Coast Partners, a Santa Monica merchant bank for technology companies founded by his brother Jamie.