Instead of The 3DO Company producing the console themselves, they licensed other manufacturers to produce them according to specifications created by them. Panasonic produced the first models in 1993, and further renditions of the hardware were released in 1994 by Sanyo and GoldStar (now LG).
The 3DO company was founded by co-founder of EA Games, Trip Hawkins, under the name of SMSG Inc. in 1991. The name was later dropped and the company became the 3DO Company. The 3DO Company is responsible for the 3DO and the Heroes of Might and Magic franchise. The company disappeared in 2003 after filing for bankruptcy.