The inside of a ColecoVision gaming console. This picture shows the underside of the casing's top half with the front panel still attached. The ColecoVision is a second generation gaming console released in 1982 by Coleco Industries. The ColecoVision faced off against the older Atari 2600, and enjoyed moderate success when released due to its higher quality arcade ports. By 1983, however, the video game industry crash greatly hurt all gaming console manufacturers, leading to Coleco Industries bowing out of the gaming industry by 1985.