Penny Arcade is an American synth-pop duo formed in 1981 by Steve Cochrane and Michael Oliver. They are best known for their hit singles "One Way or Another" and "Just My Imagination," which both reached the top 10 on the Billboard Hot 100 chart. Penny Arcade's music is characterized by its catchy melodies, upbeat tempos, and clever lyrics. They have released a total of six studio albums, with their most recent being "Backwater Collage" in 2022.