Articles About Images Videos

Gaming News

All the gaming news not concerning an individual game but rather inform about gaming in general. read more

9.6

Interplay Planning To Sell Off Its IPs

Author: Kurt Hvorup
08-Sep-2016

Category: News

Interplay Entertainment announced via press release that it would be selling its cache of intellectual properties and game franchises. "We look forward to seeing how this unique portfolio of interactive entertainment icons will evolve for the worldwide audience," says Interplay's president Eric Caen

Interplay Planning To Sell Off Its IPs
It's hard not to feel as if something is amiss with the game company Interplay Entertainment, especially after today's news. A press release on Nasdaq Newswire revealed that Interplay has plans to sell off its various "video game assets and intellectual property", said to encompass 70 titles.

Eric Caen, the president of Interplay, went on to acknowledge how their games - which include the likes of Earthworm Jim, Descent, Freespace, and MDK - have provided entertainment for many gamers over the years. Alluding to Interplay's intent behind selling these IPs, Caen said:
"With the proliferation of mobile, augmented reality, virtual reality and other new forms of consumption, we believe that consumers are ready to experience and interact with Interplay's characters, stories and gameplay in ways never possible before. We look forward to seeing how this unique portfolio of interactive entertainment icons will evolve for the worldwide audience."
Interplay's decision to sell its properties, while abrupt, isn't unexpected given their history. The studio has struggled financially since the late 1990s, dealing with everything from the threat of bankruptcy to multiple lawsuits. Additionally, their sale of the Fallout franchise to Bethesda Softworks in 2007 establishes a precedent for future IP sales.

Source:
https://globenewswire.com/news-release/2016/09/07/870242/10165014/en/Interplay-Announces-Sale-of-Significant-IP-Portfolio-Wedbush-Securities-as-Strategic-Advisor.html
http://ca.ign.com/articles/2016/09/08/interplay-is-selling-off-earthworm-jim-descent-freespace-and-more
Rate this article
- 0 - 0

Comments


Article

Hey, I remember these guys. They made this really old game I loved called Evolva...was pretty decent title. Shame to hear they're going under.

reply

4 months ago by Jesse Teixeira
+ 0 - 0 !

Back

Other articles

16-Jan-2017

Angry Birds developer opens its fifth studio in London

author: Dmytro Voloshyn
category:

Rovio opens new game studio in London. Growing UK-based team to focus on MMO games with new IP.

1 0
0
15-Jan-2017

Alleged Valve source says we will never get Half-Life 3

author: DJPaultjeD
category:

Game Informer has published an in-depth interview with an unverified, anonymous source at Valve, stating that Half-Life 3 will likely never see the...

0 0
1
15-Jan-2017

Here are the launch titles for the Nintendo Switch

author: DJPaultjeD
category:

Nintendo finally shed more details on the Switch earlier this week, with the console set to make its debut on March 3 for $299. One of the key aspects...

1 0
0
15-Jan-2017

Nintendo promises no supply problems for the Switch

author: DJPaultjeD
category:

Panic not, US Nintendo chief Reggie Fils-Aime has told Wired: the company doesn't want any supply issues, and is going to work hard to make sure that...

2 0
0
09-Jan-2017

Gamestop leaks potential Pokemon Nintendo Switch Title

author: Nate Bermudez
category:

In a description for the Nintendo Switch on Gamestop's website. A potential Pokemon title has been listed. Nodding towards an actuality of Pokemon on...

1 0
1
09-Jan-2017

VR Porn Store opened in Japan

author: Theo Crowshaw
category:

Virtual Reality is a quickly emerging field, and it would only be so long until the latest breakthrough in gaming merges with, of course, adult...

1 1
1
07-Jan-2017

Yogscast celebrates raising $2.5 million for charity

author: Theo Crowshaw
category:

Christmas is a time for giving, and Yogscast capture that concept perfectly. Their annual charity month raised the bar higher this year than ever...

0 0
0
07-Jan-2017

Cloud Gaming Service Liquid Sky Now Has A Free Tier

author: David Lozada
category:

Cloud Gaming Service LiquidSky announced a free tier for their platform at this year’s Consumer Electronics Show, which will basically allows users to...

0 0
0