Smile, guys!
The investors know we're mocking them.
Since they might be looking, I would like to just ask this question:
How good could HERVE'S MYSTERIOUS PLAN be if he's in charge of three companies and all three of them are failing miserably?
That's what shareholders should be asking themselves. They're counting on Herve to pull off a smart move, when the man has a long history of idiotic moves.
Why would Atari buy up Interplay's D&D games when Atari already outright owns the D&D license because they own Wizards of the Coast? Why would Interplay sell it when they still rely on the sales of the BG/IWD bundle sets trickling in money, not to mention that they're hoping for another advance on BG: Dark Alliance 2 from Vivendi? If Atari now owns these things outright, why is Interplay still hosting the patches for these games, wasting their personal bandwidth, when that would be Atari's duty?
If Interplay sold these things off, where's the press release? Certainly Interplay, a company that's on the ropes financially right now, would want to shout it out to everyone that, yes, they got some more money, right? Surely Herve wouldn't order the titles pulled before he got the money to pull them, if that's the case. After all, Baldur's Gate: Dark Alliance 2 is the only game they've released recently that's making money!
But, the most important thing to remember are Herve's own words from the 10-K about the D&D license and Atari:
Herve Caen from the 10-K said:
On or about February 23, 2004, we received correspondence from Atari Interactive alleging that Interplay had failed to pay royalties due under the D&D license as of February 15, 2004. If we are unable to cure this alleged breach of the license agreement, we may lose our remaining rights under the license, including the rights to continued distribution of BALDUR'S GATE: DARK ALLIANCE II. The loss of the remaining rights to distribute games created under the D&D license could have a significant negative impact on our future operating results.
I bold faced the important bits. Mr. Caen even said that if they lose the D&D distribution rights, it would be a very, very bad thing for IPLY's future.
Now, let's look at some other things, shall we?
Per the 10-K, Fallout: Brotherhood of Steel shipped 300,000 units. Since it's release, it's sold less than 20,000 of those units. That means there's a little over 280,000 units still out there that haven't sold and most likely won't sell. The end result of that is IPLY will
never make any more money from this title.
IPLY is currently living on money for a distribution deal with Avalon, a company that the Caen brothers own, for Run Like Hell to be released in countries it hasn't been released in yet. Run Like Hell is not only a two year old game, but it was also a very, very poor seller. The only reason Avalon agreed to distribute it is because Herve Caen owns them. This is a one shot deal as well, because the creditors currently lapping up any profits from Avalon are not going to be happy about this deal because Avalon is going to lose money from it.
So, without DA2 to sell, with Fallout: Brotherhood of Steel already tapped out, and that deal with Avalon only being a one time thing, where is Interplay going to get money to keep operating while Herve finds someone to buy them?
Given all the problems Interplay has, who would buy them? Why would they buy them? For Fallout? With the latest Fallout game selling so poorly, it's not that much of an incentive. For continued distribution of Baldur's Gate games? They lost that. For Descent? Descent 3 didn't do so well.
Basically, Interplay does have some good licenses, but Interplay's treated them so poorly, they are now worth less than they might have been if it weren't for Herve's mishandling of the company. Most buyers would probably consider these risky. They might want one, maybe two of the licenses, but not all of them.
On top of that, they would inherit a lot of Interplay's problems, like IPLY's debt, legal problems, contractual obligations, and so on. So, again, why?
It's just better for these companies to wait for Interplay to file for bankrupcy and get the licenses they want from creditor auctions.