Tdk Mediactive Inc

TDK Mediactive, Inc. of Calabasas reported net income for the second quarter ended Dec. 31 of $142,500, contrasted with a net loss of $1.2 million for the second quarter in 1999. Revenue increased to $3.8 million, compared with $353,500. TDK Mediactive Inc. publishes interactive software for personal computers and console systems.

TDK Mediactive, Inc. of Calabasas reported net income for the second quarter ended Dec. 31 of $142,500, contrasted with a net loss of $1.2 million for the second quarter in 1999. Revenue increased to $3.8 million, compared with $353,500. TDK Mediactive Inc. publishes interactive software for personal computers and console systems.

TDK Mediactive Inc., formerly Sound Source Interactive Inc., of Calabasas has completed an equity investment by TDK USA Corp. TDK USA acquired approximately 16.6 million shares, 74% of Sound Source's stock, for $5 million. TDK USA is a subsidiary of TDK Corp., a manufacturer of electronic components and recording media products. Sound Source Interactive Inc. has been renamed TDK Mediactive Inc. to be compatible with the company's European counterpart TDK Mediactive across Europe.

TDK Mediactive Inc. in Calabasas has signed a five-year worldwide licensing agreement with DreamWorks SKG to develop games for DreamWorks' upcoming animated feature film, "Shrek." The agreement calls for TDK to develop games for current and next-generation video-game platforms over the next five years. TDK is a comprehensive studio that publishes interactive software for use with personal computers and console systems.

TDK Mediactive Inc. in Calabasas has signed a five-year worldwide licensing agreement with DreamWorks SKG to develop games for DreamWorks' upcoming animated feature film, "Shrek." The agreement calls for TDK to develop games for current and next-generation video-game platforms over the next five years. TDK is a comprehensive studio that publishes interactive software for use with personal computers and console systems.

Sound Source Interactive Inc., Calabasas, announced that it has agreed to sell a controlling interest to TDK USA Corp., a subsidiary of TDK Corp., in a stock purchase agreement worth $5 million. TDK will choose the board of directors and the management of the new company, TDK Mediactive Inc., which will be headquartered in Calabasas. TDK Corp. is a $7 billion global electronics, recording media products and entertainment company.

* Mark Chechelnitsky has been named vice president and chief technology officer of iVideoNow Inc. in Encino. Chechelnitsky will manage development initiatives to broaden the company's product portfolio and market potential. The company supplies Internet video solutions to corporations. * Martin G. Paravato has been appointed chief financial officer of TDK Mediactive Inc. of Calabasas. TDK Mediactive publishes interactive software for personal computers and console systems.

TDK Mediactive Inc., formerly Sound Source Interactive Inc., of Calabasas has completed an equity investment by TDK USA Corp. TDK USA acquired approximately 16.6 million shares, 74% of Sound Source's stock, for $5 million. TDK USA is a subsidiary of TDK Corp., a manufacturer of electronic components and recording media products. Sound Source Interactive Inc. has been renamed TDK Mediactive Inc. to be compatible with the company's European counterpart TDK Mediactive across Europe.

Sound Source Interactive Inc., Calabasas, announced that it has agreed to sell a controlling interest to TDK USA Corp., a subsidiary of TDK Corp., in a stock purchase agreement worth $5 million. TDK will choose the board of directors and the management of the new company, TDK Mediactive Inc., which will be headquartered in Calabasas. TDK Corp. is a $7 billion global electronics, recording media products and entertainment company.