Sega CD CD-based add-on, Nintendo eventually canceled the development process of its own competing peripheral after having partnered with Sony and then with Philips to develop one. Sega would go on to release the add-on's second model, the Sega CD 2 (Mega-CD 2), on April 23, 1993 in Japan at a price of JP¥29,800, It was released in North America several months later at the reduced retail price of US$229, with one of the system's best-selling games, "Sewer Shark", as a pack-in. Designed to bring down the manufacturing costs of the Sega CD, the newer model is smaller and does not contain
Philips was formed in the US with the name Philips Electronics North America Corp. In 1991-1992, Philips along with their subsidiary Magnavox, released the Philips CD-i, a combined CD player and home video game console. It sold one million units and was discontinued in 1998 after being heavily criticized amongst the gaming community. In 1997, the company officers decided to move the headquarters from Eindhoven to Amsterdam along with the corporate name change to Koninklijke Philips Electronics N.V., the latter of which was finalized on 16 March 1998. The move of the headquarters to Amsterdam was completed in 2001. Initially, the