Posted on Tuesday 31-May-2011 12:27 PM

Fallout MMO under threat

Troubled publisher Interplay faces potential bankruptcy

Interplay's Fallout MMO is under threat due to financial concerns that threaten to bankrupt the company.

In an annual report filed with the US Securities and Exchange Commision, Interplay said cash problems could have an adverse effect on the firm's "ability to continue as a going concern".

Fallout MMO Screenshot
"As of December 31, 2010, our cash balance was approximately $3,000 and our working capital deficit totalled approximately $2,877,000," it said.

"If we do not receive sufficient financing or sufficient funds from our operations we may (i) liquidate assets, (ii) seek or be forced into bankruptcy and/or (iii) continue operations, but incur material harm to our business, operations or financial condition.

"These measures could have a material adverse effect on our ability to continue as a going concern."

In order to raise additional funds, Interplay said it could consolidate certain operations or assets, and delay, cancel or further scale back its operations.

Its Fallout MMO is the subject of an ongoing legal dispute with publisher Bethesda.

[ Source: SEC ]

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Comments

5 comments so far...

  1. Gaseous Snake on 31 May '11 said:

    This project has too many woes; they're persistent little buggers, aren't they?

  2. Megatrons_Fury on 31 May '11 said:

    Hmmm

    I hate to see companies go, especially one that has genuine pedegree so in this respect i hope that everything is sorted and everyone gets what they want.

    On the other hand i cannot stand MMO games, to me they are little more than science experiments designed to gather as many people who have addictive type personalities and tell them they are great at something to encourage subscription payments.

    Does anyone remember that Star Trek episode where that annoying moron Wesley Crusher tries to escape playing that simple game thing that makes all of the crew addicted ( it had like little discs flying into a tunnel and was played on a device that sat on your head and eyes????? off topic i know but how ahead of its time was that story eh?

    I'm not a fan of the fallout franchise anymore especially after the mess that was New Vegas but as i said before i do like Interplay and their parent company so good luck to all of them in their ongoing legal battles and hopefully one day they can all shake hands, grow up and concentrate on important things.

  3. gmcb007 on 31 May '11 said:

    This has been the mother of all lawsuits. Hell it seems to be one counter-lawsuit after the other. Its like a legal version of a childish argument.

  4. bevoboro on 31 May '11 said:

    A Fallout MMO could have been brilliant :(

    Hope someone else picks it up if Interplay go tits up.

  5. rivariad on 31 May '11 said:

    they never should've started anyway, how come you can be succesful when your first project is an mmo after 15 fudging years nothing and couple of people