Interplay Eviction? [Apr 15, 2004, 10:59 pm ET] – Share – Viewing Comments
Interplay
facing eviction? on GameSpot picks through an
8-K form filed by
Interplay for details like the publisher's "disparity between its cash balance
of $1.2 million and working-capital deficit of $14.8 million," and that "As of
April 1, 2004, the Company [Interplay] was three months in arrears on the rent
obligations for its corporate lease in Irvine, California." This three months
worth of rent is to the tune of $450,000. The story goes on to report:
"On April 9, 2004, the Company's lessor served it with a Three-Day Notice to Pay Rent or Surrender Possession," continued the 8-K filing. "If the Company is unable to pay its rent, it may lose its office space, which would interrupt operations and cause substantial harm to business."...
Given that it has been three days since April 9, the eviction matter should have already been settled one way or the other. However, calls and e-mails to Interplay were not returned.
Interplay was going down long before Titus showed up. The writing has been on the wall for a while - they just don't know how to handle their properties.
I disagree. The Baldur's Gate games and a number of other successfull titles from Interplay were released after Titus' arrival and while Interplay wasn't an EA before Titus, they were doing decent. I'm not saying they didn't make some stupid decisions before Titus, but Titus is the reason they have all but abandoned PC games and made many of the bad decisions they have.
Parallax Abstraction
Technical Consultant, Hardcore Modern and Retro Gamer, Video Game Historian
Ottawa, Ontario, Canada
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