Interplay has announced that it is selling Shiny Entertainment, along with all its assets and future development projects, including The Matrix.
"Although the transaction is not complete and is subject to definitive agreements and satisfaction of various closing conditions, we envision this initiative as a key element in our future growth plans, providing the potential source of funding as Interplay builds on its leadership position in adventure and role-playing games on the PC and next-generation consoles," said Herve Caen, CEO of Interplay. "In combination with our recent cost-cutting measures and management reorganisation, this transaction would further strengthen our balance sheet going forward. Games upcoming for release in the second quarter will be the first steps in our renewed growth efforts."
Interplay insiders have welcomed this news. One told us that Shiny is an expensive studio to fund, and this decision will enable the further growth of other titles, such as Galleon, Icewind Dale and the Baldur’s Gate series.
"Although the transaction is not complete and is subject to definitive agreements and satisfaction of various closing conditions, we envision this initiative as a key element in our future growth plans, providing the potential source of funding as Interplay builds on its leadership position in adventure and role-playing games on the PC and next-generation consoles," said Herve Caen, CEO of Interplay. "In combination with our recent cost-cutting measures and management reorganisation, this transaction would further strengthen our balance sheet going forward. Games upcoming for release in the second quarter will be the first steps in our renewed growth efforts."
Interplay insiders have welcomed this news. One told us that Shiny is an expensive studio to fund, and this decision will enable the further growth of other titles, such as Galleon, Icewind Dale and the Baldur’s Gate series.
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