News

Interplay Fallout MMO in financial peril, could bankrupt studio
Posted: 31.05.2011 13:49 by Simon Priest Comments: 6
Very stormy clouds loom over publisher Interplay as a filing with the US Securities and Exchange Commision reveal how troubled their company is.

If they "do not receive sufficient financing" then Interplay must "liquidate assets", or be "forced into bankruptcy", unless they keep going but suffer "material harm".


"As of December 31, 2010, our cash balance was approximately $3,000 and our working capital deficit totalled approximately $2,877,000," said Interplay in their annual SEC report.

"If we do not receive sufficient financing or sufficient funds from our operations we may (i) liquidate assets, (ii) seek or be forced into bankruptcy and/or (iii) continue operations, but incur material harm to our business, operations or financial condition."

"These measures could have a material adverse effect on our ability to continue as a going concern." This news is likely to please rival publisher Bethesda who are continuing a legal dispute with Interplay over the Fallout MMO project.
Source: CVG

Comments

By FoolWolf (SI Elite) on May 31, 2011
FoolWolf
Well, out of sentiments I wish that they at least pull through enough to release the game.
By JonahFalcon (SI Elite) on May 31, 2011
JonahFalcon
Earthworm Jim 4 is also in peril.
By FoolWolf (SI Elite) on May 31, 2011
FoolWolf
Never played Earthworm Jim... What kind of game is that?
By herodotus (SI Herodotus) on May 31, 2011
herodotus
I hope someone buys them out, keeping the talent on staff and allowing Intreplay to continue with their developments. "Earthworm Jim" is an odd game that doesn't appeal to me, but does have an audience. The "Fallout" MMO was always going to be a tough sell as todays generation of gamers are more used to Bethesda'a take on the franchise than Interplay's original theme.
By FoolWolf (SI Elite) on May 31, 2011
FoolWolf
Ouch, that last bit made me sad... "The "Fallout" MMO was always going to be a tough sell as todays generation of gamers are more used to Bethesda'a take on the franchise than Interplay's original theme." :(
I wiull never forget the first time I heard the "War, war never changes..." or the first venture out from the vault...
Bethesda can't even touch that...
Sorry guys.
By PowerJack (SI Elite) on Jun 01, 2011
PowerJack
DOOM!!!