Demise
Although Imagic grew quickly in its early years, it was irreparably harmed by the video game crash of 1983. It released 24 titles before going out of business by 1986, but the exact time it disbanded remains largely a mystery, however in 1983 they did layoff 40 of their 170 employees. The rights to Imagic's most popular titles have been owned by Activision since the late 1980s, and they have been re-released on several occasions.
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