Fallout Online, Earthworm Jim 4, and three other projects by Interplay are closer to being cancelled than becoming a reality as the company announces it is currently facing severe financial problems.
In a filing to the SEC, Interplay posted a $2.9 million debt with just $3,000 in its cash reserves with the worst news being the loss of its credit card deal to help fund the projects. The company itself does not have enough money to pay its employees in advance but will now pay them based on revenue-shares for completed games, if they get completed.
The legal issues surrounding Fallout Online between Interplay and Bethesda contributed significantly to Interplay's financial problems and cost the company more money than was expected to make in revenues.
Interplay was also placed on a high risk of liquidation and bankruptcy with the company possibly selling off most of its assets to continue operating and finishing its projects. The company already has cancelled or dropped most of its projects with only 5 being worked on at the moment
http://screwattack.com/blogs/ScrewAt...ne-May-be-Dead
http://www.joystiq.com/2011/05/31/fa...play-crumbles/
------------------------------------------------------------------
Quick News Round-Up:
1) Sony confirms PSN Store will not be up by their most recent deadline of May 31/June 1 and now has "end of the week" (June 3/4) as the new deadline date.
2) Nintendo drops the price of the DS Lite to $99 as part of the final phase of the system's life and to clear out all the remaining stockpiles to make more room for the 3DS.
3) Syphon Filter 4 appears to be currently in development after Sony accidentally posted some info and a logo for the game on its Playstation blog before quickly taken down all the stuff.