Interplay files 10-Q

Brother None

Brother None

This ghoul has seen it all
Orderite
There was a filing from Interplay that we missed a week or two ago, so let's go over it quickly now:

Interplay's total cash balance stands at 31 thousand USD, total assets at 547 thousand USD. Their cash deficit as of June 30 was 17,5 million USD. Their net income over the three months leading to June 30 was 320 thousand USD, with a total revenue of 631 thousand USD.

This is a nice note in light of recent events:<blockquote>We have received notice from the Internal Revenue Service ("IRS") that we owe approximately $117,000 in payroll tax penalties for late payment of payroll taxes in the 3rd and 4th quarters of 2003 and the 1st and 2nd quarters of 2004. Such amount has been accrued at June 30, 2005. We have received additional notice from the IRS corresponding to the reconciliation of tax year ended 2003 with a potential increase of $45,480 in payroll taxes, the company will be responding to this notice.

We have received notice from the California Unemployment development Department that we owe payroll taxes and penalties of approximately $101,000. We have received notice from the State Board of Equalization that we owe approximately $64,000 in State Use Tax.</blockquote>This one is a bit odd too:<blockquote>NOTE 8. OTHER INCOME

During the 3 months ended June 30, 2005, management entered into a settlement agreement with a developer under which the company was released from $918,000 of accrued royalties. This developer received an exclusive license to a trademark under certain conditions for the purpose of making non massively multiplayer video games.</blockquote>Whonowwhatnow? What developer? What license? And apparently, Interplay has no games in development after the cancellation/cutting off ties of Ballerium and is (still) seeking a sale or merger.

Link: SEC filing on SEC.gov

Spotted on Gamasutra, thanks to an anonymous tip
 
Interplay doesn't own the Wasteland license, methinks. And they already sold Redneck Rampage. Didn't they sell BG too? That leaves them with Descent, Kingpin and Earthworm Jim...

But it looks like they paid off a lot of debt with a license. Kind of odd.
 
hey herve how about u make a hack en slash game with real time combat and call it lost vikingz : pillage and burn lol and make it mmorpg too so u earn gazzilionz$$$$

Really, the sooner IPLY is disenfranchised (pun intended) from any franchise they may still hold, the better.
 
Graz'zt said:
Dark Alliance?
Click to expand...

Bingo. Interplay turned the Baldurs Gate:Dark Alliance franchise into their own IP, called Dark Alliance, when they lost the rights to make Baldurs gate console games. Now Snowblind, that made the first BG:DA game and was after due royalties from Interplay accepted to drop their claims in exchange of the Dark Alliance IP and license.
 
Who the hell would ever want to buy/merge into those legal liabilities? No one is that stupid. It's just a waiting game now to see when the big shoe will finally catch and suqash the cockroach of the gaming industry.
 
Briosafreak said:
Graz'zt said:
Dark Alliance?
Click to expand...

Bingo. Interplay turned the Baldurs Gate:Dark Alliance franchise into their own IP, called Dark Alliance, when they lost the rights to make Baldurs gate console games. Now Snowblind, that made the first BG:DA game and was after due royalties from Interplay accepted to drop their claims in exchange of the Dark Alliance IP and license.
Click to expand...

And, Interplay recently sold the rights to develop single player games under the Dark Alliance IP to Snowblind.
 
That was what was made public Corith, but in fact they gave it away in exchange of not giving Snowblind the amount in debt for the use of the engine in BG:DA, FOBOS and the unfinished games.
 
We've all been laughing (except those who've been crying) but the problem with stomping on the corpse is that Herve the Wonder Slug keeps moving it around while sodomising it.
 
Josan said:
We've all been laughing (except those who've been crying) but the problem with stomping on the corpse is that Herve the Wonder Slug keeps moving it around while sodomising it.
Click to expand...
Herve the Wonder Slug? Please elaborate. :)
 
What's really said for me is the fact that there was a time about 6 years ago when I flew to California specifically to get a job with Interplay in the QA department to try and jump start a gaming career. Of course, i was just visiting Cali at the time by of all the studios out there, they were the one I wanted to work for because they made Fallout.

Now look how far the mighty have fallen. And all these licences are just floating around all over the place. I personally think there is little hope of anyone saving Interplay.

Sebastian
 
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