Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
San Diego, CA 08/21

Regularly scheduled events

Interplay/Fallout Online Woes

A new SEC filing from Interplay indicates the company's financial woes continue, according to Gamasutra, and their continued operations are in jeopardy without an infusion of new capital soon. This threatens development of Fallout Online, the MMORPG at the center of an ongoing legal battle with Bethesda Softworks, as word is these money troubles may force them to cut their staff, which currently only consists of 11 employees (seven of whom are developers), or sell off further assets. Word is Interplay was down to $3,000.00 in cash on hand by the end of last year, compared with accumulated operating deficits of over $2.8 million, which includes unpaid compensation to the board of directors as well as back taxes and penalties. "We currently have some obligations that we are unable to meet without generating additional income or raising additional capital," the company warned stockholders. "If we cannot generate additional income or raise additional capital in the near future, we may become insolvent and/or be made bankrupt and/or may become illiquid or worthless."

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
PC Dead Rising Next Month
Hacker Evolution IMMERSION Announced
PAC-MAN Championship Edition 2 Next Month
PC DOOM Sells 1M
Gatherings & Competitions
Morning Interviews
Morning Consolidation
Morning Mobilization
Morning Metaverse
Morning Legal Briefs
Game Reviews
Hardware Reviews
etc.
Out of the Blue
Faeria Free for 24 Hours
Heroes of the Storm Adds Auriel
Shadwen Free Update
Heart&Slash Released
BioShock Remastered Trailer
Another LawBreakers Vanguard Video
  

 



footer

Blue's News logo