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Latest Hayao Nakayama News

Bernie Stolar, exec who launched PlayStation and Dreamcast, dies at 75

Jun 27, 2022

Photo by James Sheppard/Future via Getty Images The former president of Sega of America who oversaw the 1999 launch of the Dreamcast has died. Bernie Stolar, 75, was also a founding executive of Sony Computer Entertainment America, which launched the PlayStation and several first-party games for it in 1995. Stolar’s work for SCEA (today Sony Interactive Entertainment) helped establish many franchises that continue today, including Spyro the Dragon , Crash Bandicoot , and Ridge Racer . For Sega, Stolar acquired Visual Concepts and ushered in the 2K Sports label (both were later sold to Take-Two Interactive) with the NFL 2K and NBA 2K series. Both were cornerstone launches for the Dreamcast in 1999, where Stolar is credited with orienting the company’s focus toward the new console and away from the flagging Sega Saturn, which had rapidly lost market share in the U.S. to the new PlayStation. Dreamcast, despite a solid performance in the U.S. and a fanbase that still reveres it, was quickly discontinued in 2001 after losing to the PlayStation 2 in every other international market. Stolar joined Sega of America (SOA) in 1997 and later took over from Tom Kalinske, the SOA president who oversaw the rise of the Sega Genesis and the company’s head-to-head successes against Nintendo in the early 1990s. Stolar had been hired as a hardware consultant by Sega’s Hayao Nakayama, with whom Kalinske had frequently clashed before resigning. But when Nakayama was ousted by Sega’s board, Stolar was not far behind him. “I took the Sega position based on conversations with Hayao Nakayama, who was then chairman of the company,” Stolar said, according to a tribute published Saturday by VentureBeat’s Dean Takahashi. “We’d institute and bring in a new hardware system that would do online multiplayer games. That became Dreamcast. I headed that up. Unfortunately Nakayama got pushed out of the company by [Isao] Okawa at the end of 1999, and when he got pushed out, I got into an argument with Japan as well.” Stolar continued to work in a variety of entertainment software ventures for the next 17 years, including at Google, which had bought a company where he was an adviser and board member. To Takahashi, Stolar recalled trying to get Google into the games business by “taking games from publishers and streaming those through our online network.” Google chief executive Eric Schmidt wouldn’t do it, Stolar said. “That’s when I knew I should leave the company.” Fourteen years later, Google launched Stadia, a cloud gaming service in which major publishers’ games are streamed to users over Google’s Chrome web browser. Sign up for the newsletter Patch Notes A weekly roundup of the best things from Polygon Just one more thing! Please check your email to find a confirmation email, and follow the steps to confirm your humanity. Email (required) By submitting your email, you agree to our Terms and Privacy Notice . You can opt out at any time. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Subscribe Most Read

Hayao Nakayama Investments

1 Investments

Hayao Nakayama has made 1 investments. Their latest investment was in Wonder as part of their Series A on June 6, 2017.

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Hayao Nakayama Investments Activity

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Hayao Nakayama Portfolio Exits

1 Portfolio Exit

Hayao Nakayama has 1 portfolio exit. Their latest portfolio exit was Wonder on February 11, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/11/2020

Acquired

$99M

1

Date

2/11/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

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