In Interplay's latest 10-Q filing, it is noted that Interplay has had a good quarter, due entirely to the sale of the Fallout license, for which Interplay has been paid 4,000,000 USD, and is yet to receive 1,750,000 USD in Q4 2007. And not due to any sales, which are down 34% and 94% for PC Games and console games respectively, producing a total revenue of 62,000 USD. In this situation, with a total of $4.8 milion dollar in liabilities (of which Herve Caen describes "less than $3 million" as debt ($2.9 million according to the SEC filing). The 10-Q notes Interplay is still under litigations for outstanding debts to Bioware and an artist named Michael Sigel for "unauthorized use of image"), Interplay is "will only be sufficient to fund our anticipated expenditures through the end of the third quarter of 2008."
Still the future is rosy:<blockquote>Said Interplay chairman and CEO Herve Caen, "I am pleased with the progress the company has made, particularly with our debt load, which has improved from $59 million in December 2001 to less than $3 million today. With that difficult period behind us, we are focused on securing funding for development of a Massively Multiplayer Online Game (MMOG) based on the popular Fallout franchise. Along with our strategy of leveraging our existing portfolio of intellectual gaming properties, Fallout Online will play a key role in the future of Interplay."</blockquote>Link: Interplay 10-Q filing.
Link: Interplay Shows Windfall Q2 Profits On Fallout IP Sale on Gamastura.
Thanks Briosafreak.
Still the future is rosy:<blockquote>Said Interplay chairman and CEO Herve Caen, "I am pleased with the progress the company has made, particularly with our debt load, which has improved from $59 million in December 2001 to less than $3 million today. With that difficult period behind us, we are focused on securing funding for development of a Massively Multiplayer Online Game (MMOG) based on the popular Fallout franchise. Along with our strategy of leveraging our existing portfolio of intellectual gaming properties, Fallout Online will play a key role in the future of Interplay."</blockquote>Link: Interplay 10-Q filing.
Link: Interplay Shows Windfall Q2 Profits On Fallout IP Sale on Gamastura.
Thanks Briosafreak.