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Interplay's Record Net Income/Revenue Jump News
Chris Leyton
15/08/2007
The sale of Fallout IP creates a solid foundation for the fallen publisher...
Interplay's 'all-in' stake surrounding Fallout Online and its entire future was highlighted today in the company's latest financial reports.
For the second quarter ended June 30th 2007, the beleaguered publisher, without any notable releases, managed to report a net income of $5.46 million compared to $2.06 million in the same period last year. Net revenue for the period saw an increase of 2,431% compared to the same period in the previous year, standing at $5.81 million.
The sole reason behind the dramatic increase lies with the company's decision to sell the rights to 'Fallout' for $5,750,000. A decision it hopes will provide the funds to develop an MMO based upon the post-apocalyptic franchise, of which it has retained the exclusive rights.
Commenting on the results, Interplay Chairman and Chief Executive Officer Herve Caen said, "I am pleased with the progress the company has made, particularly with our debt load, which has improved from $59 million in December 2001 to less than $3 million today. With that difficult period behind us, we are focused on securing funding for development of a Massively Multiplayer Online Game (MMOG) based on the popular Fallout franchise. Along with our strategy of leveraging our existing portfolio of intellectual gaming properties, Fallout Online will play a key role in the future of Interplay."
