|Interplay Announces Sale of Significant IP Portfolio, Wedbush Securities as Strategic Advisor|
Leading video game software developer, publisher, and licensor, Interplay Entertainment, today announced a process to sell its library of video game assets and intellectual property. The expected sale represents some 70 titles and dozens of characters.
"Interplay has entertained millions of players with its well-recognized games, including Earthworm Jim, Freespace, Giants, Kingpin, Messiah, MDK, Run Like Hell, Sacrifice, Battlechess, Clayfighter, Dark Alliance, and Descent. As game creators, we are proud of the entertainment these properties have provided over the years. With the proliferation of mobile, augmented reality, virtual reality and other new forms of consumption, we believe that consumers are ready to experience and interact with Interplay's characters, stories and game play in ways never possible before. We look forward to seeing how this unique portfolio of interactive entertainment icons will evolve for the worldwide audience," states Eric Caen, President of Interplay.
For more information about Interplay's sale of intellectual property, please contact Joe Morgan at Wedbush Securities, who has been engaged by the company to assist in this process.
Interplay Entertainment operates as a developer, publisher, and licensor of video game software in the United States. The company produces and licenses titles for various interactive entertainment software platforms in the action/arcade, adventure/RPG, and strategy/puzzle categories. Its game portfolio includes Battle Chess, Boogerman, Clay Fighter, Dark Alliance, Descent, Earthworm Jim, Freespace, Kingpin, M.A.X., Messiah, MDK, Redneck Rampage, Run Like Hell, Sacrifice, T-Rex Rumble, and Giants. The company was founded in 1982 and is based in Los Angeles, California.