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December – Take-Two Interactive forms the Rockstar Games publishing label.28 – Video game retailer FuncoLand opens its 300th location in Nashville, Tennessee.27 – Sega's Dreamcast console is released in Japan.October 21 – Nintendo's Game Boy Color handheld console is released in Japan.September 6 – Infogrames Entertainment, SA and Canal+ launch the Game One television channel.July 3 – Danielle Bunten Berry, designer of M.U.L.E.Following the show, the inaugural Game Critics Awards was held with winners being titled Best of E3. 28–30 – The fourth annual E3 is held in Atlanta, Georgia.28 – Bill Williams, designer of Alley Cat, Necromancer, and Mind Walker, dies.April 14 – Nintendo's Game Boy Light handheld console is released in Japan.March 14 – Sega announces the discontinuation of the Sega Saturn in North America to prepare for the launch of its successor, the Dreamcast.January 1 – The ESRB changes the "K-A" (Kids to Adults) rating to "E" (Everyone).British Academy of Film and Television Arts hosts the first annual BAFTA Interactive Entertainment Awards.Shigeru Miyamoto of Nintendo is inducted into the AIAS Hall of Fame. Academy of Interactive Arts & Sciences (AIAS) hosts its first annual Interactive Achievement Awards.3.2 Highest-grossing arcade games in Japan.The year's most critically acclaimed title was The Legend of Zelda: Ocarina of Time, which remains Metacritic's highest-scoring game of all time. The year's best-selling home video game ( console/ computer) worldwide was Pokémon Red/Green/Blue/ Pikachu for the Game Boy, while the year's highest-grossing arcade game in Japan was Tekken 3. It was the peak year for the fifth generation of video game consoles, while the Japanese release of the Dreamcast began the sixth generation of video game consoles. A number of publications have ranked 1998 as gaming's best year of all time. The year has been retrospectively considered one of the best in video game history due to the release of numerous critically acclaimed, commercially successful and influential titles across all platforms and genres at the time.
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Earlier arcade video games such as Virtua Fighter 3 and Tekken 3 were also ported for home consoles in 1998. Capcom, The Legend of Zelda: Ocarina of Time, Metal Gear Solid, Pocket Monsters: Pikachu, Resident Evil 2, Sonic Adventure, Street Fighter Alpha 3, The House of the Dead 2, and Tomb Raider III, along with new titles such as Banjo-Kazooie, Dance Dance Revolution, Gex: Enter the Gecko, Half-Life, MediEvil, Parasite Eve, Radiant Silvergun, Spyro the Dragon, StarCraft and Xenogears. Overview of the events of 1998 in video gamesġ998 saw many sequels and prequels in video games, such as F-Zero X, Marvel vs.