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COMPANY TOWN ANNEX

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From Times Staff and Wire Reports

Muppet Makers Enter Interactive Business: Jim Henson Productions is developing interactive computer games based on the popular puppet characters and new ones, the company said. Henson Productions will join forces with Starwave Corp., founded in 1993 by Paul Allen, the co-founder of Microsoft Corp. and owner of the Portland Trail Blazers. The new partnership, Jim Henson Interactive, expects to release its first CD-ROM in 1995.

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