Fallout Online, Earthworm Jim 4, in Jeopardy as Interplay Stumbles

May 30, 2011 -

Fallout Online and a number of other lesser titles may not see the light of day if Interplay doesn't get its financial act together. Or at least, that's what a recent SEC filing from the company indicates. A 76-page filing obtained by website Develop paints a grim picture for the company, who says that it has “substantial doubts" over its "ability to continue as a going concern," and has told investors that it has a cash balance below $3000 and a working capital deficit of $3 million.

“The lack of any credit agreement has resulted in a substantial reduction in the cash available to finance our operations,” the company said in a filing.

The company claims that it is operating without a chief financial officer, and has halted advanced payments to external developers, opting to pay studios after their games are released via a net-revenue-sharing model. Of course, getting to that point might be challenging for all involved. The company says that if it doesn't change its current situation soon it may be forced into bankruptcy or an outright sale.

Projects that could be affected include Fallout Online, a DSiWare ClayFighter game, Stonekeep for WiiWare, Descent for WiiWare, and Earthworm Jim 4.

Source: Develop

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james_fudgeHappy Memorial Day to everyone05/25/2015 - 7:13am
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