3DO Interactive Multiplayer

"“What are you playing with?” - 3DO commercial"

The 3DO Panasonic (or 3DO) is a console from 1993 made by EA founder Tony Hawkins, Hawkins said that this could “change the video game industry”, but the console clearly didn't.

Development
The idea of the 3DO Interactive Multiplayer was created by EA found Tony Hawkins. The console was originally supposed to be a CD-based media center that would be run by manufacturers so developers could keep most of the game's money that it made. There would also be no designated system specs so the manufacturers could do whatever they want with the console, this idea was so that the console could be easily updated. When they advertised the console, they called the SNES and Sega Genesis "toys" while they are being thrown into a toy box and they called the 3DO the "most advanced home gaming system in the universe". For all these ideas, the console wouldn't live long enough to test them properly.

Reception and Sales
The console was a failure, for multiple reasons. Most people point at the pricetag for the downfall of this console. The console was incredibly expensive, being 699 dollars while the SNES was about 89 dollars. Another reason the console failed was because of the lack of good launch titles and how Sega and Nintendo were dominating the gaming industry. By the time they lowered the cost of the 3DO, it was too late. The console sold 2,000,000 copies and by 1996, the console was dead. By the end of the console's lifespan, the 3DO company filed for bankruptcy. There was going to be a successor, the M2, but that was scrapped when the console failed.