LJN
LJN Toys, Limited was an American toy company and video game publisher in operation from 1970 to 1995. It manufactured toy lines and released battery operated water guns and video games based on licensed properties from movies, television shows, and celebrities. It was headquartered in Midtown Manhattan, New York City, and later in Lyndhurst, New Jersey. LJN introduced the Entertech line of battery operated water guns in 1986.
History
Founding
LJN Toys Ltd. was founded in 1970 by Jack Friedman, who later founded other toy companies, notably THQ and Jakks Pacific.
The name LJN came from reversing the initials of Norman J. Lewis, whose toy company (Norman J. Lewis Associates) had employed Friedman as a sales representative in the 1960s. Lewis himself initially backed LJN financially but later sold his interest to a Chinese investor.
MCA era
In 1985, MCA, which had been actively acquiring companies in the mid-1980s, acquired LJN for $66 or $67 million in an effort to retain more profits from the merchandising of its film properties.