Articles About Images Videos

Gaming News

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

10

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

9 months ago by Jesse Teixeira
+ 0 - 0 !
23-Jun-2017

Nex Machina: Death Machine Review (PS4)

category:

Nex Machina: Death Machine takes twin stick shooting gameplay to the next level with non-stop shooting action from the moment you pick up the...

0 0
0
23-Jun-2017

Dead By Daylight Review (Xbox One)

author: Joshua Olivieri
category:

Bring on the horror! Dead By Daylight is every bit as good as the slasher films that inspired it, but that's not always a good thing. It's perfectly...

0 0
0
23-Jun-2017

Vidar Review

at: Vidar
author: Jake Mellor
category:

In Norse Mythology, Vidar was a god associated with vengeance. In English mythology, Vidar is an Indie game in which everybody dies- more often than...

0 0
0
23-Jun-2017

Metroid: Samus Returns' Special Edition Revealed

author: David Lozada
category:

A Metroid: Samus Returns special edition for Europe has been revealed by Nintendo today. Among the many goodies includes a Game Boy cartridge-styled...

0 0
0
23-Jun-2017

Gamescom 2017 Update

category:

Gamescom 2017 will officially kick off on August 22nd in Cologne, Germany. The European gaming convention is reputed to be the world's largest event...

0 0
0