Internal Drama in Bandai Resulting in Nintendo Acquisition
More drama in the Japanese Video Game market today, as Nintendo Co. LTD announced they had purchased a controlling share in Bandai Corporation. According to sources members inside the Bandai Corporation requested to retiring CEO of Nintendo Hiroshi Yamuachi to have Nintendo take a controlling interest in the company to foster a new direction for the company.Nintendo Announces a Re-Entry into the Arcade Business And Corporate Restructuring as Minoru Arawaka Takes the Helm
-Nintendo Will Re-Enter the Arcade Business with their own board based off of the N64-Nintendo has Purchased the remaining 51% of Rareware Ltd.
-Nintendo Co. LTD has established a new subsidiary Nintendo Arcade Development (NAD)
-Nintendo Arcade Development consists of three internal divisions
-Bandai Corporation has gone through a restructuring and is now a direct subsidiary to Nintendo
-Bandai Arcade division has been incorporated into Nintendo Arcade Division
-Bandai will now license Nintendo Toys throughout the World, Nintendo plans to leverage their new capabilities to expand their global branding power.
-Shigeru Miyamoto has Been Promoted to General Manager and Overseer of all Nintendo Studios
Nintendo Announces New IP Tekken A Direct Competitor to Virtua Fighter
Nintendo announced the creation of a new studio composed of industry veterans including several former Sega employees which created the ideas behind Nintendo's new 3D Fighter Tekken which will release for both the new Nintendo 64 as well as Nintendo's new Arcade system which has yet to be formally announced.