NEWS - Thursday, April 25, 2002


Shiny Sold

Interplay Announces Sale of Shiny Entertainment to Infogrames, Inc. For Approximately $47 Million IRVINE, Calif., April 25 -- Interplay Entertainment Corp. announced today it has reached an agreement with Infogrames, Inc. (NASDAQ: IFGM) for the sale of its Shiny Entertainment subsidiary. Upon the closing of the transaction, which is subject to customary conditions including receipt of certain third party consents, Infogrames will pay Interplay approximately $47 million for Shiny Entertainment in a combination of cash and a promissory note. Through this acquisition, Infogrames, Inc. will have exclusive worldwide rights to develop and publish games based on sequels to the highly acclaimed, Academy Award-winning action thriller, "THE MATRIX." The games will be based on the upcoming sequels "THE MATRIX RELOADED" and "THE MATRIX REVOLUTIONS" from Warner Bros. Pictures. Commenting on the announcement, Interplay Chief Executive Officer Herve Caen said, "We are delighted to have signed this transaction with Infogrames, a company with a proven track record and reputation. For Interplay and its investors, successful conclusion of this transaction will enhance stability and position Interplay for growth. The sale of Shiny will significantly reduce the general corporate overhead of Interplay and allow the Interplay teams to focus on the continuing development of games based on its successful TSR licenses such as Baldur’s Gate and Icewind Dale." In addition to maintaining its strong alliances with outside developers for titles like Hunter (XBox) and Baldur’s Gate Dark Alliance (PS2), Interplay maintains two renowned development studios, Black Isle and Digital Mayhem. Mr. Caen continued, "The transaction will strengthen Interplay’s capacity to finance the development of its current slate of titles. We now have the financing and the management team in place to provide a much stronger platform for the development of fun and profitable games." Heading into E3, the all important industry event, Interplay has a strong selection of products soon to be released, as well as some in the pipeline yet to be announced. Interplay Entertainment is a leading developer, publisher and distributor of interactive entertainment software for both core gamers and the mass market. Interplay develops games for personal computers as well as next generation video game consoles, many of which have garnered industry accolades and awards. Interplay releases products through Interplay, Shiny Entertainment, Digital Mayhem, Black Isle Studios, its distribution partners, and its wholly owned subsidiary Interplay OEM Inc.
Source: http://www.interplay.com/

Comments

Site Statistics

Registered Members: 49,131
Forum Posts: 725,920
Xbox One Titles: 2,912
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,045
Member Reviews: 10,339
News Articles: 15,652
Screenshots: 34,240
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Watch Dogs: Legion
Post by Nato King
0 Replies, 2360 Views

Xbox Series X or S
Post by Nato King
4 Replies, 2811 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 2797 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 6718 Views

Xbox one no signal
Post by debrartin
0 Replies, 28188 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 28569 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 24560 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 42474 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 23751 Views

Squad Up
Post by samslophead
0 Replies, 51041 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 53434 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 89246 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 61520 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 75567 Views

Xbox Playdates Canada October, 2018 Play date info thread.
Post by Kiesey
2 Replies, 19396 Views

© 2000-2020 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics