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TIME WARNER SIGNS THE GREAT ONE FOR ON-LINE HOCKEY PRODUCTS
Published November 22, 1994
Time Warner Interactive yesterday announced the signing of Wayne Gretzky to an exclusive 3-year multi-platform license for a line of interactive hockey products. Additionally, a license has been signed with the NHLPA to provide a game with real player names, profiles and stats. Both licenses provide that Time Warner Interactive develop and distribute for all arcade and consumer systems, including upcoming CD-ROM-based platforms. Time Warner Interactive President Dan Van Elderen: "We could not have found better partners than Wayne Gretzky and the NHLPA for our new line of hockey games." Gretzky: "We not only give fans hours of great hockey game-play, but we also reach out to new audiences and introduce them to the sport and excitement of professional hockey." Time Warner Interactive's growing line of sports games includes: the RBI Baseball series, Payne Stewart Pro Golf, Dick Vitale's "Awesome Baby" College Hoops and Kawasaki Super Bike Challenge (Time Warner/NHLPA). NINTENDO EARNINGS AND SALES DROP: This morning's WALL STREET JOURNAL reports that Nintendo Co. has reported a 16% drop in earnings and 36% drop in sales during the fiscal first half, ending September 30. "Nintendo says the declines were due mainly to the yen's recent strength against the dollar, which has eroded the company's competitiveness. But analysts here, saying the results fell within expectations, warn they may reflect deeper problems in the video game industry" (WALL STREET JOURNAL, 11/22).