OC business brief on Interplay

[Brother None]

Amongst today's Orange County business brief was this little bit about Interplay:<blockquote>
Interplay essentially closes; employees wait to be paid

Interplay has essentially shut down, after moving equipment out of its Irvine headquarters over the weekend and putting it in storage. Herve Caen, its chief executive, is still counting on finding new funding to revive the forlorn game maker, known for titles such as "Baldur's Gate: Dark Alliance."

Caen skipped a Wednesday meeting with the labor agency but later told investigators that he has kept payments current on medical insurance and 401-k plans for employees and anticipates money will come in soon to pay employees, said Dean Fryer, spokesman for the California Labor Commissioner.

If Interplay continues to shirk its responsibility to employees, the state can take the company to court to seek assets, Fryer said. </blockquote>

 

[Murdoch]

I think the State of California should acquire the rights in Fallout and sell it to pay the employees their due!

And is anyone surprised that Caen skipped a meeting with the labor department? Didn't think so.

 

[MrMarcus]

Ugh. This sounds like it's going to be ugly before it's all said and done.

 

[Will_c]

Ugh. This sounds like it's going to be ugly before it's all said and done.

It definitely drags on doesn't it?
I was half expecting a quick end as all the buisnesses i have heard of that went bankrupt, they ended it quickly to reduce the damage done. However it has become very different with Interplay. bah.

 

[Eragon2004]

It definitely drags on doesn't it?

I don't exactly know how but Phil Adams has been able to come up with some cash to keep Interplay afloat. He's either quietly selling IPs or pulling in some major favors that he's had for years.

I'm pretty sure that one of the deals involved Fargo and the Bard's Tale license. Interplay probably sold their remaining Bard's Tale rights to Fargo along with the assets to Bard's Tale 1 and 2.

www.gamespot.com/news/2004/06/14/news_6100600.html

The only reason why Interplay has been able to pay off the medical insurance and their 401K is because Phil has been killing himself to secure more money. Herve has done nothing except claim credit for Adams' recent accomplishments.

"Fifi" keeps waiting for this large amount of money to come in from the financial group, but that's never going to happen.

 

[Executioner]

And is anyone surprised that Caen skipped a meeting with the labor department? Didn't think so.

"They can't keep me out of the meeting. They can only let me not let myself attend the meeting."