Capcom Entertainment Names L. Gregory Ballard as President; Newly-Named Consumer Products Group Poised for Second Decade of Leadership in Game Software; Appointment of New Senior Management, Diversification of Product Line and Development of Cutting-Edge Game Software Keeps Capcom at the Forefront.SUNNYVALE, Calif.--(BUSINESS WIRE)--June 20, 1995--In a strategic move that cements its continued leadership in interactive entertainment, Capcom Co., Ltd., today announced the appointment of Mr. L. Gregory Ballard as president of its newly-named, U.S.-based consumer products arm, now known as Capcom Entertainment, Inc. The arrival of Mr. Ballard and unveiling of a new corporate name mark the beginning of a dynamic new decade for Capcom -- a leader in game software since 1985 -- whose ever-expanding role in technology-driven entertainment has empowered it to seize a wealth of new opportunities on the digital horizon. In his new post, Mr. Ballard will be responsible for charting the strategic direction of Capcom Entertainment, Inc., where he'll oversee sales, marketing, licensing, and distribution of Capcom game titles and original properties. He will also work closely with the company's new Digital Studio, which supports a talented team of over 40 game designers, artists, and programmers who are committed to developing the most compelling, cutting-edge, entertainment software for Capcom's vast consumer market. "A proven entrepreneur who brings tremendous business savvy and strategic vision to Capcom, Greg is poised to guide our North American operation North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. through the next successful generation of interactive entertainment," notes Kenzo Tsujimoto, chairman of Capcom Co., Ltd. "As the driving force behind Capcom Entertainment, Greg will capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our existing pool of resources, reinforce our stellar reputation and strong brand recognition while expanding and strengthening our market presence to meet the challenges of a new decade. We're extremely confident in his ability to keep Capcom in the forefront of the industry." Ballard will immediately guide Capcom's entry into new product platforms, which will include the development and support of software for 32-bit systems and creation of computer software titles for CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). . He will also spearhead strategic licensing opportunities for Capcom's top properties, and continue to forge key alliances with Hollywood partners, whose previous contributions to Capcom's film and television ventures have proven invaluable. An accomplished executive, Mr. Ballard brings twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of business experience in a variety of relevant, hi-profile markets to Capcom. Most recently, he served as COO and CFO See Chief Financial Officer. of Digital Pictures, a successful video game publisher who helped pioneer the use of full-motion, live-action sequences in interactive software. During his tenure, Mr. Ballard led the development of an aggressive, global multi-platform strategy, which contributed to record growth for the company. Prior to Digital Pictures, Mr. Ballard served as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Warner Custom Music, a strategic business unit of the Warner Music Group Warner Music Group (WMG) is one of the four major record labels. Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc. , a $4.5 billion dollar division of Time Warner Time Warner Inc. (NYSE: TWX), formerly known as AOL Time Warner, is the world's largest media and entertainment conglomerate headquartered in New York City, with major operations in film, television, publishing, Internet service and telecommunications. , where he successfully exploited the group's music assets in the consumer arena, and championed the exploration of music-based multimedia projects. Mr. Ballard also served as president and COO of Personics, where he managed and negotiated Time Warner's acquisition of this valuable start-up, now known as Warner Custom Music. He has also worked for Boston Consulting Group, where he specialized in developing strategic business solutions for new divisional start-up companies on behalf of Fortune 500 clients. A practicing attorney in Washington, D.C., Mr. Ballard served as the Washington counsel to Turner Broadcasting and was the legal assistant to the chairman of the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. . He also served on the U.S. Senate Select Committee on Nutrition, where he spearheaded the creation of a successful bill, which led to the Meals on Wheels n. 1. A program that delivers hot meals to persons, such as the elderly or disabled, who are confined to their homes and unable to cook for themselves; also, the meals thus delivered. Such programs are usually conducted by governmental or charitable organizations. act of 1976. Mr. Ballard holds a bachelor's degree in political science from the University of Redlands The University of Redlands is a private liberal arts and sciences university located in Redlands, California. The university's campus sits on 160 acres (0.6 km²) near downtown Redlands. The university was founded in 1907 and was associated with the American Baptist Church. and a J.D. from Harvard Law School Harvard Law School (colloquially, Harvard Law or HLS) is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, Harvard Law is considered one of the most prestigious law schools in the United States. . As Capcom Entertainment's president, Ballard will also serve on the board of directors of the Interactive Digital Software Association, of which Capcom is a charter member. Capcom Entertainment, Inc., a wholly-owned subsidiary of Capcom Co., Ltd., is a leading force in the multi-billion dollar interactive entertainment industry. The company develops, markets and distributes computer entertainment software for personal computers and home video games for Super Nintendo, PlayStation, Saturn, and 3DO. Capcom Entertainment, Inc. is based in Sunnyvale, Calif. CONTACT: Capcom USA, Inc. Laurie Thornton/Chris Kramer, 408/774-0500 |
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