Interplay Q3 income down 31 per cent

Interplay has reported Q3 net income of USD 497,000 compared to USD 1.6 million in the same period of the prior year.

Net revenues for the third quarter were down 86 per cent to USD 47,000. Interplay has reported revenue of USD 5.9 million during the first nine months of 2007, mainly attributable to the sale of its Fallout IP.

In reports filed with the SEC, the company noted that it had reinitiated its in-house development studio and detailed its plans to leverage its portfolio.

If it can obtain financing, Interplay said that it is planning to develop sequels to Earthworm Jim, Dark Alliance, Descent, and MDK.

"This quarter marks an important milestone in the company's difficult turnaround period of the past three years, said Interplay chairman and CEO Herve Caen.

"We are now focused on a two-pronged growth strategy. As we are working to secure funding for the development of a Massively Multiplayer Online Game based on the popular Fallout franchise, we are at the same time exploring ways to leverage our impressive portfolio of gaming properties through sequels and various development and publishing arrangements."

The company has also hired veteran game developer, Jason Anderson, as creative director of an as-yet-unannounced Massively Multiplayer Online Game.