Lewis Galoob Toys, Inc. , was a toy company headquartered in South San Francisco , California . They are best known for creating Micro Machines , which accounted for 50% of its sales in 1989, and distributing the Game Genie in the United States.
6-433: 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. The company was incorporated in 1968. In 1970, Lewis Galoob became too ill to continue as president, and his 21-year-old son, David, dropped out of
12-524: 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. In 1984, Galoob attempted to acquire the World Wrestling Federation (WWF) toy license, but lost out to LJN . The company was greatly affected by
18-716: The Galoob brand logo on its Titanium Series die-cast metal collectibles, including various items from Transformers, Star Wars, and Battlestar Galactica. Lewis Galoob Lewis Galoob (November 22, 1918 â August 4, 1971) was an American entrepreneur, inventor and the founder of Lewis Galoob Toys . Lewis Galoob was born in Oklahoma City, Oklahoma, on November 22, 1918, as the third-youngest of seven children. His parents, Samuel "Sam" Galoob (1883-1973) and Sarah Leah Galoob (nÊe Tarbis, 1887-1935), were both of Jewish descent, and originally from Russia and Germany respectively. He
24-457: 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. Today, Galoob is a Hasbro brand name. The name began appearing on retail products starting in 2005. Hasbro has used
30-518: The financial collapse of Black Monday in 1987 , a year in which it lost $ 25 million, but the following year it recovered by generating a profit of $ 6 million. 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. , over the Nintendo Entertainment System version of
36-700: Was married to his wife Barbara for 25 years. In 1954, Galoob founded Lewis Galoob Toys with his wife, originally as an import business. The California-based company later became a toy and stationery distributor. Later, after Lewis Galoob fell ill, the leadership of the Galoob business fell to their son, waterbed salesman David Galoob. The company then grew into one of the U.S. leading toy companies before being acquired by Hasbro in 1999. Galoob's most successful products include Micro Machines and Game Genie . Galoob died in San Francisco on August 4, 1971. This article about an American businessperson born in
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