A bit of history and WB has a lot of that! Founded in

New Post Public Reply Private Reply Replies (0) Message Board
Lmcat

A bit of history and WB has a lot of that!

Founded in 1982 by Bill Stealey and Sid Meier, Microprose Software Inc. was primarily known as a publisher of flight simulators , military simulations , and strategy titles for 8-bit home computers such as the Commodore 64 , Apple II , and Atari 8-bit family , with titles such as Spitfire Ace and Hellcat Ace . It also published a few strategy games at the time.

As industry changed over to 16-bit and 32-bit CPUs in late 1980s, MicroProse started supporting IBM PC compatibles and 68000 -based machines like the Amiga and Atari ST . MicroProse also started a UK branch to cross-publish titles in Europe, and to import some European titles to be published in the United States. Notable products from this period include Silent Service , Airborne Ranger , Pirates! , Sword of the Samurai , F-19 Stealth Fighter and Gunship .

In 1990 and 1991, MicroProse released the blockbusters Railroad Tycoon and Civilization , designed by Sid Meier and developed by its internal division MPS Labs , on multiple platforms. They quickly became two of the best-selling strategy games of all time and spawned multiple sequels. MicroProse also released Geoff Crammond 's Formula One Grand Prix to adulation in 1991 (the Amiga and Atari ST versions were released first, and the DOS version followed in early 1992). Games were also published by under the labels Firebird ( Fire and Brimstone ) and Rainbird ( Midwinter ).

In 1992, MicroProse acquired Leeds -based flight simulation developer Vektor Grafix , who had already developed titles for (them such as B-17 Flying Fortress ), turning it into a satellite development studio.

In 1993, MicroProse Software Inc. was acquired by Spectrum HoloByte , another game company that specialized in simulation games. Founder Bill Stealey was good friends with Spectrum HoloByte president Gilman Louie , and convinced Louie to help MicroProse as Stealey was afraid that some bank would not understand the company culture. That same year, the UK office of MicroProse closed two satellite offices in northern England, and disposed of over 40 staff at its Chipping Sodbury head office. In 1994, Bill Stealey departed MicroProse Software and Spectrum HoloByte agreed to buy out his shares. Bill Stealey went on to found Interactive Magic , another simulation software company.

Despite cuts, Spectrum Holobyte managed to line up several big name licenses, including Top Gun , Magic: The Gathering , Star Trek: The Next Generation and MechWarrior . UFO: Enemy Unknown ( X-COM: UFO Defense ) proved to be an unanticipated hit in 1994, spawning multiple sequels.

In 1996, Spectrum HoloByte/MicroProse bought out Simtex , developer of Master of Orion and Master of Magic , among other MicroProse bestsellers. Simtex was rebranded as MicroProse Texas, based in Austin, Texas .

MicroProse Software continued as separate subsidiary company under Spectrum HoloByte until 1996. That year, Spectrum HoloByte started cutting a majority of the MicroProse staff to reduce costs. Soon after, it consolidated all of its titles under the MicroProse brand (essentially renaming itself MicroProse). Sid Meier and Jeff Briggs departed the company after the staff cut, forming a new company called Firaxis Games . Brian Reynolds , who designed Civilization II , also moved to Firaxis. A core group of artists, designers, and programmers left MicroProse UK to join Psygnosis , which opened an office in Stroud , United Kingdom, specifically to attract ex-MicroProse employees.

GT Interactive's $250 million cancelled offer

On October 5, 1997, GT Interactive announced that it had signed a definitive agreement to acquire MicroProse for $250 million in stock, the deal had even been unanimously approved by the Board of Directors of both companies. After the announcement MicroProse's stock price reached $7 a share. GT Interactive expected the deal to be completed by the end of that year. But on December 5 the acquisition was cancelled, according to both CEOs " the time is simply not right" for the deal. MicroProse's stock plummeted to just $2.31 after the announcement of the deal's cancellation. [9]

Legal dispute over the Civilization brand

In November 1997, MicroProse was sued by both Avalon Hill (who had the U.S. publishing rights to the name Civilization ) and Activision for copyright infringement . MicroProse responded by buying Hartland Trefoil, which was the original designer and manufacturer of the Civilization board game , and then sued Avalon Hill and Activision for trademark infringement and unfair business practices as a result of Activision 's decision to develop and publish Civilization computer games. Because Hasbro was negotiating the acquisition of both Avalon Hill and MicroProse, the lawsuits were settled in July 1998. Under the terms of the settlement MicroProse became the sole owner of the rights of the name Civilization and Activision acquired a license to publish a Civilization computer game which was later called Civilization: Call to Power .

Under Hasbro Interactive

In preparation for its sale, MicroProse closed down its studio in Austin, Texas, in June 1998. As a result of the closure, 35 employees were laid off.

On August 14, 1998, Hasbro issued a $70 million cash tender offer to purchase all MicroProse's shares for $6 each. This deal was completed on September 14, when Hasbro bought 91% of MicroProse's shares and announded that MicroProse had become a wholly owned subsidiary.The remaining shares would also be acquired for $6 in cash. MicroProse was merged with Hasbro Interactive . At the time of Hasbro's acquisition, MicroProse had 343 employees, including 135 at Alameda, California , with a total cost of $20 million per year. Besides the development studio in Alameda, MicroProse had three other studios: Hunt Valley, Maryland ; Chapel Hill, North Carolina ; and Chipping Sodbury, England .

In December 1998, MicroProse finally managed to publish Falcon 4.0 (in development since 1992), to disappointing sales. In December 1999, Hasbro Interactive closed down former MicroProse studios in Alameda and Chapel Hill. Among titles in development that got canceled during that period was X-COM: Genesis .

Under Infogrames

In January 2001, after French game publisher Infogrames Entertainment, SA (IESA) took over Hasbro Interactive for $100 million, MicroProse ceased to exist. Its latest title in the U.S., European Air War , was reissued with Infogrames' logo instead of the MicroProse logo. The last new game released with the MicroProse name was the UK version of Geoff Crammond 's Grand Prix 4 , in late 2002. Infogrames shut down the former MicroProse studio in Chipping Sodbury in September 2002. Hasbro Interactive was renamed to Infogrames Interactive and then to Atari Interactive.

iEntertainment Network Inc (IENT) Stock Research Links

IENT Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Jollibee and DreamWorks Unite for Cultural Celebration

Updated Category News Views 4

Jollibee Partners with DreamWorks Animation Never thought I’d see the day: Jollibee, that familiar face of fast food, teaming up with the creative juggernaut DreamWorks Animation. They’re calling it a celebration of friendship and Filipino culture, wrapped up neatly in the context of a flick called Forgotten Island. Set to sizzle in theaters on September 25, 2026,...

Continue Reading
BrightPlan's AI-Powered Growth: Series C Fuel

Updated Category News Views 5

Series C Funding Ignites BrightPlan's Ambitions Ever seen a company that's ready to roll with the punches and come out stronger? That's BrightPlan for you. They're pushing the boundaries again, bagging new capital in this Series C round, steered by the seasoned folks over at ABS Capital Partners. Now, here's the thing: We're talking about a 230% revenue surge over just...

Continue Reading
India's First Upright Proton Therapy System Unveiled

Updated Category News Views 6

A Leap Forward in Cancer Care: Proton Therapy Revolution Dang, just when you think you've heard it all in cancer treatment, Fortis Healthcare drops a bombshell: India’s first upright proton therapy system. Boom! This isn't your run-of-the-mill radiation treatment we're talking about here. This is the futuristic flair of the MEVION S250-FIT™, featuring upright...

Continue Reading
Big Wins at Americas Cardroom's $15M Venom Series

Updated Category News Views 3

High Stakes and Huge Paydays: The Venom Breakdown Alright, folks, here's a tale of how the cards fell in one of the most electrifying poker standoffs at Americas Cardroom. With prize pools clocking in at a staggering $15.095 million, the Dual Mystery Bounty Venoms really stacked the chips high. From the gritty, bustling halls of the internet to the proverbial green-felt...

Continue Reading
Illinois' Legal Tangle: Feds Under Fire?

Updated Category News Views 2

What a tangled web Illinois lawmakers have woven this time. They've gone and cooked up a pair of laws with a real knack for attracting attention—specifically from the folks over at the National Police Association (NPA). These aren’t your run-of-the-mill rules; they feel more like a blueprint for putting federal officers through the legal wringer and turning courtroom...

Continue Reading
AI Startup Shuttlebase Navigates Name Clash with Change

Updated Category News Views 2

When Two AI Giants Collide Every so often, we get a clash of titans in the business world, and this time it's in the AI universe. New York's Moonshot AI, a champ in autonomous website optimization, hit a bump when its name collided with a Chinese counterpart, also called Moonshot AI. And just like that, the NY company had to chuck their name out the window and don a new...

Continue Reading
Celebree Elevates Early Ed with New Certification Push

Updated Category News Views 3

A New Standard in Early Childhood Education In the cutthroat world of childcare and early education, just meeting the state standards ain't cutting it anymore. Celebree School, known for its infant, toddler, and preschool programs, is shaking things up with its 'Celebree Certified' initiative, setting a brand-new benchmark for teacher readiness that's far beyond the usual...

Continue Reading
The Austin Company to Showcase at ISPE Annual Event

Updated Category News Views 2

Setting the Stage at ISPE Expo When you think of pharmaceuticals and the bustle behind closed doors, it's with companies like The Austin Company leading the charge. This October, they're strutting their stuff at the ISPE Annual Meeting and Expo. No small potatoes here—it's at the Gaylord National in Maryland. Mark those dates: October 18-21, 2026. It's a circus of...

Continue Reading
Muscle Car Fever Revs Up in New Global TV Series

Updated Category News Views 1

Chasing the Dream on Wheels Amid the buzz of New York, there's a roar building up that's hard to ignore. It's a sound that echoes through time, capturing the imagination of petrol heads everywhere—those legendary American muscle cars are back in the limelight. I mean, who hasn't dreamt of launching down a highway in a '69 Ford Mustang? 'The Hunt for Rolling Treasure' is...

Continue Reading
MADD, Uber Rally at Capital Invitational for Safe Choices

Updated Category News Views 3

Driving Change at the Capital Invitational Let's talk about a powerhouse collaboration aiming to do more than just thrill basketball fans. We're looking at MADD Sports, Uber, and the Capital Invitational joining forces at The St. James in Springfield, Virginia, on December 10, 2026. This is not your average sporting event; it's a gathering with a bigger purpose. The...

Continue Reading

Top 5 Most Recently Viewed Articles

Class Action Lawsuit Filed Against Block, Inc. for Investors

Updated Category News Views 267

Class Action Lawsuit Filed for Block, Inc. Investors Levi & Korsinsky, LLP has announced that they are representing investors who have faced losses due to alleged fraudulent activities by Block, Inc. This lawsuit primarily targets those who purchased shares of Block (NYSE: XYZ) during a defined period marked by significant legal and ethical issues. Understanding the Class...

Continue Reading
California Telecom Joins Elite MSP 501 Ranks in 2026

Updated Category News Views 10

California Telecom Makes Its Mark on MSP 501 Who would've thought that a company could stand out so spectacularly in today's saturated tech industry? Well, that's exactly what California Telecom has done by snagging a spot on the 2026 MSP 501 list. This ain't just any old roll call; it's the benchmark for excellence, where managing service providers show their muscle not...

Continue Reading
CARV Teams Up with MDEC to Transform Web3 Gaming Landscape

Updated Category News Views 188

CARV and MDEC Unite to Shape the Future of Gaming Malaysia is embarking on an ambitious journey to become a prominent digital gaming hub in Southeast Asia. This vision has been solidified through a strategic partnership between the Malaysia Digital Economy Corporation (MDEC) and EMERGE Group, with CARV taking center stage as a pioneer in data empowerment and blockchain...

Continue Reading
Provident Industrial Announces New Project in Houston Area

Updated Category News Views 158

Provident Industrial's New Venture in Houston Provident Industrial is thrilled to announce the successful closing of the Eastex 59 development in Houston. This industrious endeavor focuses on creating a state-of-the-art industrial park that meets the growing needs of businesses looking for premium logistics solutions. Eastex 59 Overview Eastex 59 is envisioned as a...

Continue Reading
Fountain Life Introduces Concierge Care to Enhance APEX Membership

Updated Category News Views 239

Fountain Life Unveils Exclusive Concierge Care Services Fountain Life, a leading name in longevity and preventative health, recently made a significant addition to its APEX Premium Longevity Membership. By integrating concierge care, the company now offers its members unmatched access to healthcare resources. With a focus on personalized health management, members can...

Continue Reading