Companies Join to Offer Video Games Via Cable
DENVER (AP) _ Tele-Communications, Inc., the largest U.S. cable television company, and Acclaim Entertainment, Inc., a video game maker, announced a joint venture Thursday to make video games available over cable networks.
TCI and Acclaim said they would set up a third company, Technology Ventures, to develop and acquire games for the network.
Acclaim will own 65 percent of the new company and TCI 35 percent.
TCI will buy about 10 percent of Acclaim in exchange for cash or TCI stock valued at about $80 million, said Bruce Ravenel, a TCI Technology Ventures senior vice president.
Acclaim’s leading games are ″Mortal Kombat″ and ″NBA Jam.″
By combining TCI’s cable networks with ″Acclaim’s licensing, marketing and product development strength, we will bring video gaming into a new era,″ said Gregory Fischback, Acclaim’s chairman.