Interplay, still holding the license to develop an online version of Fallout after licensing the single-player RPG type to Bethesda Softworks, has managed to reduce its debt and is now trying to accrue additional funds:Interplay Entertainment Corp. (IPLY.OB) today filed a Form 8-K with the SEC announcing the Company has engaged a Paris-based investment bank to conduct an offshore Private Placement of its common stock. The offering of newly issued shares for an amount of at least (euro)20 million and up to (euro)50 million in total will be reserved exclusively to non US based accredited investors.The money is to be used to fund a product many of us have often feared would see the light of day, Fallout Online (FOOL, for short). Herve Caen commented:Having significantly reduced our debt over the past two years, we are now in an improved position to raise capital. This private placement will be another critical step toward the funding and development of our Fallout property into a Massively Multiplayer Online Game, which represents our plan for growth in the coming years.If ever made, my money says that this bombs as badly as Fallout: Brotherhood of Steel did. Lesson to all holders of Fallout licenses; no succesful game has ever been made from the Fallout license that was not true to the original.
Link: announcement of FOOL on sec.gov
Thank rbusslinger and Briosafreak.