May 1994

Nintendo and Sega financials dissapoint
Sony gets ready for NextGen
Venture money goes ga-ga over silliwood

These stories and many more on this episode of the VGNRTM!

This episode we will look back at the biggest stories in and around the video game industry in May 1994. 
As always, we'll mostly be using magazine cover dates, and those are of course always a bit behind the actual events.

Alex Smith of They Create Worlds is our cohost.  Check out his podcast here:
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Links:
If you don't see all the links, find them here:
https://www.patreon.com/posts/110575391

7 Minutes in Heaven: Rebel Assault (SegaCD)
Video Version:  https://www.patreon.com/posts/7-minutes-in-may-110535204
    https://www.mobygames.com/game/272/star-wars-rebel-assault/
    https://en.wikipedia.org/wiki/Star_Wars:_Rebel_Assault

Corrections:
April 1994 Ep - https://www.patreon.com/posts/april-1994-107563816
Ethan's fine site The History of How We Play: https://thehistoryofhowweplay.wordpress.com/
    
1994-05:
Console market in a slump
    Edge 8, May 1994 pg. 18

Panasonic tries to save 3DO
    Edge 8, May 1994 pg. 16
    https://x.com/blakejharrisNYC/status/1168364212139307008

Nintendo loosens minimum cart order rules in Japan
    "Nintendo easing iron grip on programmers Video-Game Giant Halves Minimum Cartridge Order, The Nikkei Weekly (Japan), May 2, 1994, Section: INDUSTRY; Pg. 8

Nintendo stock keeps dropping
    Nintendo shares no fun in 1994 - Emiko Terazono on reaction to the gamemaker's revised forecasts, Financial Times (London,England), May 6, 1994, Friday, London; Section: World Stock Markets; Pg. 39, Byline: By EMIKO TERAZONO

Nintendo is a top earner
    TOYOTA RETURNS AS NO.1 INCOME EARNER IN JAPAN, Jiji Press Ticker Service, MAY 18, 1994, WEDNESDAY,Dateline: TOKYO, MAY 18

Sega profits plunge
    Sega Enterprises reports 22.7% pretax profit fall, Japan Economic Newswire, MAY 19, 1994, THURSDAY

Sony Computer Entertainment of America formed
    https://www.nytimes.com/1994/05/19/business/company-news-sony-starts-a-division-to-sell-game-machines.html?searchResultPosition=1

3DO shares collapse
    https://www.nytimes.com/1994/05/21/business/company-news-shares-of-3do-fall-by-another-18.html

Nintendo profits plunge... more
    Nintendo suffers first profit decline in 10 years,Japan Economic Newswire,MAY 23, 1994, MONDAY
    Nintendo reports solid earnings despite strong yen; outlines exciting new software plans for 1994, Business Wire, May 23, 1994, Monday

THQ sales collapse
    T-HQ announces first-quarter results, Business Wire, May 11, 1994, Wednesday
    Absolute Entertainment reports first quarter results, Business Wire, May 10, 1994, Tuesday

EA/Broderbund merger collapses
    No Headline In Original, Consumer Electronics, May 9, 1994, Section: NOTEBOOK, Vol. 34, No. 19
    https://archive.org/details/Electronic-Games-1994-05/page/n21/mode/1up?view=theater
    https://www.smoliva.com/2024/08/07/what-the-learning-company-taught-us-about-the-history-of-computer-software/

Davidson & Associates buys Chaos Studios
    https://archive.org/details/Electronic-Games-1994-05/page/n17/mode/1up?view=theater
    
Fox Interactive launches
    Twentieth Century Fox establishes new interactive multimedia division; new division to utilize News Corp. resources, Business Wire, May 20, 1994, Friday

Fall of Park Place profiled
    https://archive.org/details/Electronic-Games-1994-05/page/n9/mode/1up?view=theater

Forbes profiles Id
    Profits from the underground, Forbes, May 9, 1994,Section: COMPUTERS/COMMUNICATIONS INTERACTIVE MEDIA; Parameters; Commentary; Pg. 176, Byline: BY ANDREW J. KESSLER
    
AOU lacks premieres
    Edge 8, May 1994 pg. 8

Saturn to become an arcade Titan