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{{refimprove|date=July 2010}}
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{{Infobox Defunct Company
{{Infobox Defunct Company
| company_name = LJN Toys, Limited| company_logo = [[Image:LJN Ltd logo.png|150px|Company logo.]]
| company_name = LJN
| company_logo = [[Image:LJN Ltd logo.png|150px|Company logo.]]
| fate = Closed by parent company (Acclaim Entertainment)
| fate = Closed by parent company (Acclaim Entertainment)
| successor = [[Acclaim Entertainment]]
| successor = [[Acclaim Entertainment]]
| foundation = 1970
| foundation = 1970
| defunct = Boner| location = [[New York City]], [[New York]] <br>[[Lyndhurst, New Jersey|Lyndhurst]], [[New Jersey]]
| defunct = 1994
| location = [[New York City]], [[New York]] <br>[[Lyndhurst, New Jersey|Lyndhurst]], [[New Jersey]]
| industry=Toys and video games
| industry=Toys and video games
| key_people = [[Jack Friedman]] (Founder)
| key_people = [[Jack Friedman]] (Founder)

Revision as of 00:42, 3 July 2011

For the airport, see Brazoria County Airport.
LJN
IndustryToys and video games
Founded1970
Defunct1994
FateClosed by parent company (Acclaim Entertainment)
SuccessorAcclaim Entertainment
HeadquartersNew York City, New York
Lyndhurst, New Jersey
Key people
Jack Friedman (Founder)
ProductsToys: Wrestling Superstars, Thundercats, E.T, Gremlins
Video games: Back to the Future series, Spider-man series, WWF wrestling games
ParentLJN Toys, Ltd.:
Independent (1970-1985)
MCA (1985-1990)
LJN, Ltd.:
Acclaim Entertainment (1990-1994)
LJN Entertainment, Inc.:
Acclaim Entertainment (2000)

LJN was an American toy company and video game publisher. It created toy lines and video games based on movies, television shows, and celebrities. It was headquartered in Midtown Manhattan, New York City,[1] and later in Lyndhurst, New Jersey.[2]

History

Founding

LJN Toys Ltd was founded in 1970 by Jack Friedman who later founded other toy companies, notably T*HQ and Jakks Pacific.

The name LJN came from the initials of Lewis J. Norman, the reverse of Norman J. Lewis, whose toy company Friedman had been employed by as a sales representative in the 1960s. Lewis initially backed the company financially, but later sold his interest to a Chinese investor.[3]

MCA era

In 1985, MCA,[4] which had been actively acquiring companies in the mid-1980s,[3] acquired LJN for $66[4] or $67 million[5] in an effort to retain more profits from the merchandising of its film properties.[6]

LJN began publishing video games for the Nintendo Entertainment System in 1986. Although this was LJN's first foray into the video game business, it was not for MCA who had previously started MCA Video Games, as a joint venture with Atari, Inc., to create coin-operated and home games and computer software based on various MCA properties.[7]

In 1988, LJN acquired Italian toy company Al'es from the Fassi family.[8]

In 1989, MCA decided to sell LJN after years of losses[4] since 1987 when fallout surrounding toy guns made by LJN's Entertech division plunged MCA's profits 79.5% in the second quarter of that year.[6][9] MCA finally agreed to sell to Acclaim Entertainment in March 1990 for cash and Acclaim common stock.[10]

Acclaim era

During the time the company was owned by Acclaim, LJN mostly retained the same movie/cartoon direction for their video games it pursued under MCA. Acclaim rid LJN of its toy division and re-branded it exclusively as a video game developer. During the 8-bit gaming era, Nintendo, as a form of quality control, regulated the number of titles to appear on its console, the Nintendo Entertainment System. As a result, companies like Acclaim used divisions such as LJN to produce more products than Nintendo would have traditionally allowed. Konami also utilized such tactics with their division Ultra. Unlike Ultra which was a brand name of Konami, LJN was still a legal company operating independently from Acclaim. Even after Nintendo dropped its rule in the early 1990s, Acclaim kept LJN operating which published several titles for the Super NES.

There is no video game that has been developed in-house by LJN. All of LJN's video games were developed by external developers, although many of their video games (especially the pre-Acclaim ones) did not disclose the developer.

LJN, along with the Flying Edge and Arena Entertainment labels (the latter two labels which published Acclaim's games to Sega's consoles) were folded into Acclaim in 1994.

In 2000, LJN made a return in name only when Acclaim used the brand to publish Spirit of Speed 1937, a video game title for the Dreamcast.

Toylines

Video games

See also

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References

  1. ^ Johnson, Doris McNeely. "Children's Toys and Books: Choosing the Best for All Ages from Infancy to Adolescence." Scribner, 1982. Unknown page. Retrieved from Google Books on July 8, 2010. ISBN 0684177676, 9780684177670. "LJN Toys, Inc. 200 Fifth Ave. New York, NY 10010."
  2. ^ Tang, Sheng (唐盛). 美欧中贸易年鉴:美欧卷 ("Yearbook of Europe and United States-China Trade, Europe and United States). Volume 1995-1996. Shanghai Jiaotong University Press, 1995. 146. Retrieved from Google Books on July 8, 2010. ISBN 7313016085, 9787313016089. "LJN TOYS, LTD. LJN %Jl$-R£^| 1200 Wall St., W., Lyndhurst, NJ"
  3. ^ a b "JAKKS Pacific, Inc. -- Company History".
  4. ^ a b c "COMPANY NEWS; MCA Taking Loss In Sale of Toy Unit". The New York Times. January 23, 1990.
  5. ^ Fabrikant, Geraldine (February 9, 1987). "MCA TURNS HAND TO ACQUISITIONS". The New York Times. Retrieved May 11, 2010.
  6. ^ a b SHIVER Jr, JUBE (January 23, 1990). "MCA to Sell LJN Toys Unit After Losses". The Los Angeles Times. Retrieved May 11, 2010.
  7. ^ "BRIEFS". The New York Times. May 11, 1983.
  8. ^ "BRIEFLY". The Los Angeles Times. April 1, 1987.
  9. ^ "After 3 Deaths, Realistic Toys Are Under Fire". The New York Times. June 16, 1988.
  10. ^ "MCA Agrees to Sell Ailing Toy Unit". The Los Angeles Times. March 13, 1990.
  11. ^ "Battle of the Fun Factories". Time. December 16, 1985. Retrieved 2010-03-03.
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