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G T Hunt history
G T Hunt company history timeline
Known officially since 1907 as The Aluminum Company of America, the company decides it's time for a name that reflects its status as a global company.
The choice for the new official name is an easy one: "Alcoa," the well-known and popular short name coined first in 1910 as the name of a company town in Tennessee.
He hit pay dirt in 1930, as the story goes, when he shrewdly bought leases on Texas land that proved to be part of the massive East Texas Oil Field, making Hunt a fortune.
Since 1952, Alcoa Foundation has invested more than $700 million in Alcoa communities and is one of the largest corporate foundations in the United States.
The team, which they paid $25,000 to create in 1960, is worth $2.3 billion, including debt, today.
His Dallas Texans won the AFL Championship in 1962, then moved to Kansas City the following year.
GTIS was born in 1993 when Ronald Chaimowitz, a former competitor in the Latin music business as well as a former employee at GoodTimes, happened to call the Cayres to propose that they publish and distribute computer game software.
Prior to the October 10, 1994 release of 'Doom II: Hell on Earth,' GTIS had obtained preorders for more than 250,000 units.
GTIS achieved a sizable presence in the computer game software market in 1994 after Wal-Mart approached the company to supply and manage its software displays.
GTIS ventured into children's 'edutainment' software in February 1995 through a contract with Big Tuna New Media.
New distribution agreements with game developers followed in April 1996.
The acquisition of Candel Inc., parent company of FormGen Inc., brought a best-selling interactive computer game to GTIS's distribution list, 'Duke Nukem 3D,' released in July 1996.
GTIS began 1996 improving its marketing techniques.
The loss amounted to less than five percent of revenue; in terms of 1996 sales of $365.5 million that loss would mean $20 million in lost revenue.
In April 1997, Wal-Mart decided that it would purchase some entertainment software directly from the publishers rather than GTIS. These publishers were CUC International, Electronic Arts, Inc., and LucasArts Entertainment Company.
Previous business activities began to bear fruit for GTIS by mid-1997. 'Abe's Oddysee' by OddWorld Inhabitants introduced a new genre in game software with A.L.I.V.E., Aware Life forms in Virtual Entertainment.
Other 1997 releases included Fantasy Football Smarts by WizardWorks.
GTIS bolstered in-house publishing with the launch of Bootprint Entertainment in November 1998.
Lamar Hunt (R) at a press conference following the 1998 season.
Continued Expansion in 1998
Humongous captured a five-year, exclusive partnership to produce and distribute CD-ROMs based on Nickelodeon's 'Blue's Clues,' the highly acclaimed television show for preschool children. 'Blue's ABC Time Activities' and 'Blue's Birthday Adventure' were released in 1998.
The Wild Wild Web television show, which discussed Internet topics, was renewed for its third season in January 1999 in 148 syndicates.
Another setback came in May 1999 when Wal-Mart opted to purchase software titles directly from Microsoft and Activision.
Business as usual continued at GTIS in 1999, beginning with the acquisition of Legend Entertainment, adding to in-house software development.
Alcoa's first aerospace alloy, 2017-T4, is a critical material for building the historic USS Shenandoah rigid airship.
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