[05-10-00 03:13 PM ET] AS NASDAQ CRASHES ANOTHER 200 POINTS NO EXCUSES FOR [NKCIF COMPETITOR] 3DO (NASDAQ:THDO) finance.yahoo.com AS STOCK SOARS +28% ON [ITS] NUMBERS RELEASE...ALL 3DO NEWS AT biz.yahoo.com ...TODAYs INVESTORs BUSINESS DAILY REPORTING "CONSOLIDATION THE THEME AT GAME INDUSTRY CONFAB?"[1.]...
[1.] "...The video game industry could be in for consolidation. Publicly traded video game publishers have seen their stocks beaten down in recent months, raising prospects of mergers and acquisitions, analysts say...The growth opportunities also could encourage large media companies to buy into the business, industry officials say. The annual Electronic Entertainment Expo video game conference, known as E3, is being held in Los Angeles Thursday through Saturday...At E3, at least one big merger or acquisition announcement is likely, says P. J. McNeally, an analyst with market researcher Gartner Group. 'A lot of these companies understand that they'd be better off if they were larger,' said Edward Williams, a security analyst at Gerard Klauer Mattison & Co. 'There should be four or five companies, where the smallest company does $1.5 billion in sales.'...Consolidation in the video game industry is long overdue, says Ryan Brandt, Take-Two Interactive Software Inc. of New York (NASDAQ:TTWO) quote.yahoo.com . Take-Two already is growing through acquisitions of small and midsize companies, he says[2.]...Video game companies need to consolidate to strengthen and become more stable, Brandt says...Microsoft tops the list of potential buyers in the video game industry...Possible acquisition targets include about 10 publicly traded game companies and a host of private firms...Large entertainment and media companies also have their eye on the video game market, industry officials say..." Source: ¸ [May 10] 2000 IBD "Consolidation The Theme At Game Industry Confab?" Internet & Technology Feature Article by Patrick Seitz.
[2.] TTWO was a former client of NewKidCo EVP Publishing, Sam Goldberg ref/
NEWKIDCO APPOINTS VIDEO GAME INDUSTRY VETERAN SAM GOLDBERG AS EXECUTIVE VICE PRESIDENT OF PUBLISHING
BURLINGTON, MA (September 30, 1999) - NewKidCo International Inc. (TSE:NKC ; OTC BB:NKCIF) has named video game industry veteran Sam Goldberg to the newly formed position of Executive Vice President of Publishing, for it's subsidiary NewKidCo, LLC.
In his new position, Mr. Goldberg will report to NewKidCo, LLC President, Hank Kaplan and be responsible for overseeing NewKidCo's product development, marketing and licensing efforts. He will create all marketing plans and initiatives designed to increase awareness and maximize revenues for NewKidCo, help secure high profile licenses based on popular children's properties and pursue new strategic partnerships.
"Sam's extensive knowledge and marketing experience within the video game industry will be a great benefit to help NewKidCo build its industry profile and product portfolio," said Hank Kaplan, President of NewKidCo, LLC. "He knows how to make marketing campaigns that create hit titles. I'm confident that under his leadership, NewKidCo will continue to establish itself as the leading publisher of video games for young children."
Mr. Goldberg comes to NewKidCo after three years as President of SG&A Marketing Services, Inc., an entertainment-consulting firm with a client roster including Midway Home Entertainment, The Women's Sports Foundation, Take2 Interactive and Mad Catz, Inc. Prior to forming SG&A Marketing Services, Inc., Mr. Goldberg served as Vice President of Marketing for Acclaim Entertainment for eight years, where he spearheaded the award winning marketing campaigns for two of the best-selling video games of all time, Mortal Kombat and NBA JAM.
"I'm very excited to be joining NewKidCo's terrific team and to have the opportunity to help bring the interactive entertainment experience on consoles to greater heights and to the Internet with some very intriguing technological and marketing innovations," said Mr. Goldberg. "More than any other company, NewKidCo is ready to capitalize on the broadening demographics for video games with great licensing and technology relationships'..." [emphasis added]
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