Chapter 323: ABC sells videogame unit
January 15, 1987
ABC/Hearst said that they agreed to sell the videogame division of ABC Video Enterprises, ABC Software Inc., to Acclaim Entertainment, Inc., a company that was founded by Greg Fischbach in 1983.
Some of ABC's key employees joined Acclaim.
Acclaim will have five Nintendo titles a year, a title previously inherited by ABC when it set up the game division.
ABC said that they had to exit the video game business to focus on more activity.
ABC/Hearst said that they agreed to sell the videogame division of ABC Video Enterprises, ABC Software Inc., to Acclaim Entertainment, Inc., a company that was founded by Greg Fischbach in 1983.
Some of ABC's key employees joined Acclaim.
Acclaim will have five Nintendo titles a year, a title previously inherited by ABC when it set up the game division.
ABC said that they had to exit the video game business to focus on more activity.