Ace Pictures Inc. was founded in 1981 as a division of Nippon Herald Films to produce Japanese films and distribute foreign art films. Several of its pictures earned awards and hold positions as some of the highest grossing films in Japan. Asmik Ace Entertainment has produced games for the Dreamcast, PlayStation, PlayStation 2, PC Engine, Sega Mega Drive, Nintendo 64 and Nintendo GameCube, and distributes high quality films for the Japanese movie market. Asmik Ace Entertainment also distributes a number of films from DreamWorks in Japanese theaters.