Telstar Electronic Studios Ltd.

Name: Telstar Electronic Studios Ltd. Established: 1982 Status: Acquired by Take 2 Submitter: Grades Added: Jun 27 2006

History
Source: Official site (Apr 18, 1997)

The Telstar Group of Companies is operational throughout the creation, marketing and distribution of entertainment software products. Established originally in 1982 as a music marketing company, specialising in compilation albums supported by TV advertising. Telstar Records is now the UKs largest independent record company. The Groups continuous growth and diversification within the music and media industries has established Telstar as a force across the breadth of entertainment related businesses. The Group, which is entirely controlled by its working Directors, annually turns over in excess of £125 million and employs over 350 people. Telstar has recently been listed as the 29th fastest growing company in the UK by Commerce Publications.

Present state

Telstar never got high sales, and was in deep debts by 1999. They were taken over by Take 2 in an attempt to save the company.

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