as junk bonds, in an effort to buoy itself. Although there is some contention as to whether this strategy would have helped, the attempt was made moot by the 1987 stock market crash. Worlds of Wonder filed for bankruptcy protection and was liquidated in 1988. They went through a series of layoffs. The creditors continued to operate the company in receivership until finally closing in late 1990. By 1991, Worlds of Wonder had closed and the remaining assets were liquidated. Playskool In 1991, the Teddy Ruxpin toy line was bought by Hasbro, which produced him under their Playskool line until 1996 using the redesign that had been implemented by WoW. This design is smaller and uses cartridges that resemble 8-track tapes, instead of cassette tapes. Yes! Entertainment In 1998, Yes! Entertainment brought Teddy Ruxpin back to stores for a third time. The toy's size is largely the same as the Playskool version. Yes! returned to using the standard cassette tapes. This venture was short-lived, however, as Yes! Entertainment's corporate management and financial troubles ultimately resulted in AlchemyII withdrawing the licensing for Teddy. During this production of Teddy Ruxpin, an "interactive video" model was released under the branding "TV Teddy". The TV Teddy system consists of a series of specially encoded VHS cassettes, an RF-transmitter that relays signals encoded on the video track to the animatronic toy, and an animatronic RF-receiver consisting of a loudspeaker, and two servos which provide much-simplified eye and mouth movements compared to both the WoW and Playskool versions. The VHS cassettes consist of original opening content specifically designed for Teddy to interact with, followed by previously-released Hi-Topps videos which are encoded with additional content for the animatronic toy. A small Beanie Baby version of the toy is boxed with the Yes! Teddy Ruxpin based on the popularity of Beanie Babies at the time. BackPack Toys In 2005, BackPack Toys announced a fourth version of Teddy Ruxpin, which replaced the audio tapes with digital ROM cartridges. Wicked Cool Toys Wicked Cool Toys began the production of a new Teddy Ruxpin in late 2017. This Teddy Ruxpin does not come with physical cartridges, instead being programmed with 3 stories inside of the toy. The rest of the stories are available for purchase on a mobile app. In May 2018, Alchemy and The Jim Henson Company made a deal to make a new Teddy Ruxpin series, animated as digital