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Interplay looking for buyers
PostPosted:Thu May 31, 2001 12:57 am
by Don
<div style='font: 12pt ; text-align: left; '>I read this in the business section today. Interplay seems to be around $60+ million in debt and they're looking for someone to buy them. The paper also quoted $5-10 million as the average cost of a console game, in reference of how tough the market has become.</div>
PostPosted:Thu May 31, 2001 2:31 pm
by SineSwiper
<div style='font: 11pt "EngraversGothic BT", "Copperplate Gothic Light"; text-align: left; '>Damn...how do you get $60 mil in debt and not notice it?</div>
PostPosted:Thu May 31, 2001 3:40 pm
by Eric
<div style='font: 11pt ; text-align: left; '>I don't think companies ever not notice it, they just go into denial and think their next 'innovative' project is gonna sell millions.</div>
PostPosted:Thu May 31, 2001 5:24 pm
by Don
<div style='font: 12pt ; text-align: left; '>Pretty much. I think they were counting on their XBox game to be a big hit, except they ran out of money halfway.</div>
PostPosted:Thu May 31, 2001 7:01 pm
by Ishamael
<div style='font: 14pt "Sans Serif"; text-align: justify; padding: 0% 15% 0% 15%; '>Damn. Pretty fucked up. That's what happens when 1% of the games make 90% of the revenue. It's hard to see how a lot of game companies stay in business...Adrenaline Vault has a good article on gaming economics somewhere...</div>