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Galoob

January 31, 2023

Lewis Galoob Toys, Inc., was a toy company headquartered in South San Francisco, California.[1] They are perhaps best known for creating Micro Machines, which accounted for 50% of its sales in 1989,[2] and distributing the Game Genie in the United States.

Lewis Galoob Toys, Inc.
IndustryToys, Consumer electronics, video games
Founded1957
FounderBarbara Galoob Frankel
Lewis Galoob 
Defunct1958 (England)
1998 (as a toy company)
FateClosed, properties and brand name sold to Hasbro.
ProductsToys, video games, consumer electronics

History

Lewis Galoob Toys was founded in 1957 by Lewis Galoob and his wife, Barbara Galoob, as a small distributor of toys and stationery. Galoob's first toy success was the reintroduction of a battery-powered Jolly Chimp, a cymbal-banging monkey toy that nodded his head when activated.[3] The company was incorporated in 1968.[3]

In 1970, Lewis Galoob became too ill to continue as president, and his 21-year-old son, David, dropped out of the University of Southern California to take over the family business. In partnership with his brother, Vice-President Robert Galoob, David aggressively pursued new product development, and transformed the company into a $1 million business by 1976.[3]

The company was greatly affected by the financial collapse of Black Monday in 1987, year in which it lost $25 million, but the following year it recovered by generating a profit of $6 million.[2] By 1988 the company manufactured 85% of its toys in China.

Galoob was involved in a landmark intellectual property lawsuit, Lewis Galoob Toys, Inc. v. Nintendo of America, Inc.,[4] over the Nintendo Entertainment System version of the Game Genie. Nintendo charged that the Game Genie violated copyright by creating an unlicensed derivative of their copyrighted games. Galoob won the lawsuit and continued to produce the Game Genie.

In September 1998, American toy giant Hasbro purchased Galoob for $220 million.[5] Today, Galoob is a Hasbro brand name. The name began appearing on retail products starting in 2005. Hasbro has used the Galoob brand logo on its Titanium Series die-cast metal collectibles, including various items from Transformers, Star Wars, and Battlestar Galactica.

Franchises licensed to Galoob for merchandising

References

  1. ^ "." Galoob. February 13, 1998. Retrieved on April 26, 2010.
  2. ^ a b "Lewis Galoob Growing Big By Thinking Small : Toys: The company's miniature cars and dolls have become top sellers. Now it is striving to become a major player". Los Angeles Times. Associated Press. 4 December 1989. Retrieved 13 January 2021.
  3. ^ a b c "Lewis Galoob Toys Inc. History". Funding Universe. Retrieved 22 November 2015.
  4. ^ Lewis Galoob Toys, Inc. v. Nintendo of America, Inc.,964 F.2d 965; 1992 U.S. App. LEXIS 11266; 22 U.S.P.Q.2D (1992) online copy 2006-01-13 at the Wayback Machine
  5. ^ Fost, Dan.Hasbro Adds Galoob to Its Toy Chest." San Francisco Chronicle. Tuesday September 29, 1998. Retrieved on April 25, 2010.
  6. ^ "Toy Makers Win Rights to 'Star Wars'". Los Angeles Times. Associated Press. 2006-02-07. Retrieved 2012-10-16.

External links

  • Galoob.com (Archive)

January 31, 2023
galoob, lewis, toys, company, headquartered, south, francisco, california, they, perhaps, best, known, creating, micro, machines, which, accounted, sales, 1989, distributing, game, genie, united, states, lewis, toys, industrytoys, consumer, electronics, video,. Lewis Galoob Toys Inc was a toy company headquartered in South San Francisco California 1 They are perhaps best known for creating Micro Machines which accounted for 50 of its sales in 1989 2 and distributing the Game Genie in the United States Lewis Galoob Toys Inc IndustryToys Consumer electronics video gamesFounded1957FounderBarbara Galoob FrankelLewis Galoob Defunct1958 England 1998 as a toy company FateClosed properties and brand name sold to Hasbro ProductsToys video games consumer electronics Contents 1 History 2 Franchises licensed to Galoob for merchandising 3 References 4 External linksHistory EditLewis Galoob Toys was founded in 1957 by Lewis Galoob and his wife Barbara Galoob as a small distributor of toys and stationery Galoob s first toy success was the reintroduction of a battery powered Jolly Chimp a cymbal banging monkey toy that nodded his head when activated 3 The company was incorporated in 1968 3 In 1970 Lewis Galoob became too ill to continue as president and his 21 year old son David dropped out of the University of Southern California to take over the family business In partnership with his brother Vice President Robert Galoob David aggressively pursued new product development and transformed the company into a 1 million business by 1976 3 The company was greatly affected by the financial collapse of Black Monday in 1987 year in which it lost 25 million but the following year it recovered by generating a profit of 6 million 2 By 1988 the company manufactured 85 of its toys in China Galoob was involved in a landmark intellectual property lawsuit Lewis Galoob Toys Inc v Nintendo of America Inc 4 over the Nintendo Entertainment System version of the Game Genie Nintendo charged that the Game Genie violated copyright by creating an unlicensed derivative of their copyrighted games Galoob won the lawsuit and continued to produce the Game Genie In September 1998 American toy giant Hasbro purchased Galoob for 220 million 5 Today Galoob is a Hasbro brand name The name began appearing on retail products starting in 2005 Hasbro has used the Galoob brand logo on its Titanium Series die cast metal collectibles including various items from Transformers Star Wars and Battlestar Galactica Franchises licensed to Galoob for merchandising EditAliens The A Team Adventures of the Galaxy Rangers not released in America The Animal 4x4 Anastasia 1997 film Army G E A R toys Baby Buddies Baby Face toy Battle Squads Military Action Fleet BlackStar Biker Mice from Mars 1993 series Bouncing Babies Chrysler Cutie Club Defenders of the Earth Dinosaucers not released in America Dozzy Doll DragonFlyz Fancy Sounds Game Genie Garbage Pail Kids TV series not released General Patch figures packaged as Gen Patch Ghostbusters 1984 film Go Monkey Go Golden Girls toys Hollywood s The Infaceables Jonny Quest The Real Adventures The Last Starfighter not released Lost n Founds Magic Diaper Macro Machines Micro Machines Titanium series Micro Machines Transformers in conjunction with Hasbro Mighty Morphin Power Rangers Mr Game Show Married with Children Marvel Comics Men in Black film Mutant League Peugeot Peeper Pals Pound Puppies Power Machines Punky Brewster dolls Razz Blasters San Francisco Mint Model Gun Club Sky Dancers Spice Girls dolls Starship Troopers film Star Trek V The Final Frontier Star Trek The Next Generation Star Wars 6 Super Force not released Sweet Secrets T and T not released Trash Bag Bunch Terminator 2 Judgment Day Ultraforce comics Unifighters World Championship Wrestling Xpanders ZbotsReferences Edit Feedback Galoob February 13 1998 Retrieved on April 26 2010 a b Lewis Galoob Growing Big By Thinking Small Toys The company s miniature cars and dolls have become top sellers Now it is striving to become a major player Los Angeles Times Associated Press 4 December 1989 Retrieved 13 January 2021 a b c Lewis Galoob Toys Inc History Funding Universe Retrieved 22 November 2015 Lewis Galoob Toys Inc v Nintendo of America Inc 964 F 2d 965 1992 U S App LEXIS 11266 22 U S P Q 2D 1992 online copy Archived 2006 01 13 at the Wayback Machine Fost Dan Hasbro Adds Galoob to Its Toy Chest San Francisco Chronicle Tuesday September 29 1998 Retrieved on April 25 2010 Toy Makers Win Rights to Star Wars Los Angeles Times Associated Press 2006 02 07 Retrieved 2012 10 16 External links Edit San Francisco Bay Area portal Companies portalGaloob com Archive Retrieved from https en wikipedia org w index php title Galoob amp oldid 1135579309, wikipedia, wiki, book, books, library,

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