The 3DO Company (formerly THDO on the NASDAQ stock exchange) was founded in 1991 under the name SMSG, Inc. by Electronic Arts co_founder Trip Hawkins in a partnership with seven other companies, including Matsushita, AT&T, MCA, Time Warner, and Electronic Arts. The company's original objective was to create a next-generation, CD-based video game system which would be manufactured by various partners and licensees; 3DO would collect a royalty on each console sold and on each game manufactured. To game publishers, the low $3 royalty rate per game was a better deal than the higher royalties paid to Nintendo and Sega when making games for those consoles. The launch of the platform in October, 1993 was well-promoted, with a great deal of press attention in the mass media as part of the "multimedia wave" in the computer world at the time.
Unfortunately the 3DO console itself was priced at $700, and the promised "early adopters" never showed up to purchase mass quantities of games. The quality of 3DO games was perceived as low, on the whole. When the Sony PlayStation appeared in 1994 with its hardware 3D graphics support and its outstanding game software, it smashed all remaining hopes for the 3DO console. In 1996, The 3DO Company sold its console rights to Matsushita and changed its business to develop and publish games for the PlayStation as well as other game consoles and PCs.
After abandoning the 3DO console, the company's biggest hit was its series of Army Men games, featuring the generic green plastic soldier toys that had been re_popularized by the unrelated movie Toy Story. Its Might and Magic and Heroes of Might and Magic series from subsidiary New World Computing were also popular and lucrative for the company. During the late 1990s, the company published one of the first 3D MMORPGs: Meridian 59.
After struggling for several years, the company filed for Chapter 11bankruptcy in May 2003. Employees were laid off, and the company's game brands and other intellectual properties were sold to rivals like Microsoft, Namco, Crave, and Ubisoft, and also to founder Trip Hawkins, who paid US$405,000 for rights to some older brands and the company's "Internet patent portfolio".
The consoles were manufactured according to specifications created by The 3DOCompany, and were originally designed by Dave Needle and RJ Mical of New Technology Group.
The 3DOCompany also designed a next-generation console called the M2, which was to use a PowerPC 602 processor, but the company abandoned the console business and sold the technology to Matsushita, who never brought the system to the market.
The 3DOCompany then became a software publisher, producing such games as the Army Men franchise, until it filed for bankruptcy and liquidated its assets in 2003.
The 3DOCompany (formerly THDO on the NASDAQ stock exchange), also known as 3DO, was founded in 1991 under the name SMSG, Inc. by Electronic Arts co-founder Trip Hawkins in a partnership with seven other companies, including Matsushita, ATandT, MCA, Time Warner, and Electronic Arts.
When the company was first founded, its original objective was to create a next-generation, CD-based video game system which would be manufactured by various partners and licensees; 3DO would collect a royalty on each console sold and on each game manufactured.
Employees were laid off, and the company'sgame brands and other intellectual properties were sold to rivals like Microsoft, Namco, Crave, and Ubisoft, and also to founder Trip Hawkins, who paid $405,000 for rights to some older brands and the company's "Internet patent portfolio"...
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