Interplay has posted an exponential rise in revenues on the sale of the Fallout IP to Bethesda. Now the firm says it's ready to secure funding for "Fallout Online."
Interplay CEO Herve Caen said in a statement, "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."
Interplay sold off the rights to the revered RPG franchise Fallout earlier this year for $5.75 million to Bethesda, developer of Oblivion and Fallout 3. Interplay then obtained the exclusive license for the online Fallout game.
Read the rest on Next Generation.
August 15, 2007
