Fallout sale keeps Interplay solvent

via Games Industry


Interplay has announced its Q2 2007 earnings, reporting net income of USD 5.47 million.

Although net income more than doubled from the USD 2.06 million reported during the same period last year, almost all of this income came from Interplay's sale of its Fallout property to Bethesda for USD 5.75 million.

Interplay retained the rights to a Fallout MMO which it is currently attempting to finance.

"I am pleased with the progress the company has made, particularly with our debt load, which has improved from USD 59 million in December 2001 to less than USD 3 million today," said CEO Herve Caen.

"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."

Net revenue from US sales in the quarter only amounted to USD 2,000, with USD 60,000 net revenue from international sales. Earnings per basic share in Q2 were USD .055.

Interplay is still in a dispute with developer Bioware Corp. over alleged unpaid royalties and attorneys fees of USD 375,000.