Interplay And Titus Liquidated On January 3rd very sad news

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It appears Titus is gone, according to this article in Gamekult. Which would also mean the end for Interplay, here's a rough Translation:

It is the end of the adventure for Titus Interactive . The commercial court of Meaux pronounced Monday the bankruptcy of the French editor and his subsidiary companies, Sofra Jeux (edition) and Avalon France (in the past Virgin Interactive, distribution). Interplay , the held American subsidiary company with 62,25%, is also liquidated. Placed in legal rectification on June 7, these companies had profited from a grace period until February 7, 2005. But the court decided to put an end to this deferment before the expiry: the total liability of the Titus group exceeded the 100 million euros for a sales turnover fallen to less than 20 million euros, and losses evaluated to 103 million euros in 2003. Founded in 1985, Titus knew its hours of glory at the end of the Eighties, beginning of the Nineties, with the plays of the series Crazy Cars and Prehistorik Man

Could this finally, finally, FINALLY be the end of the company we all love to hate??

 

Update: The guys at Raging Bull forums posted another annoucement:

Titus Interactive: liquidation judiciaire prononcée.

 

(Cercle Finance) - Dans un communiqué publié mercredi, l'éditeur de jeux vidéos Titus Interactive annonce que ' suite à une audience intermédiaire durant la période d'observation, le Tribunal de Commerce de Meaux a décidé de prononcer la liquidation judiciaire pour toutes les entités du Groupe placées le 7 juin dernier en redressement judiciaire '.

 

Les sociétés concernées par cette décision sont d'une part Titus Interactive SA (holding du groupe), et d'autre part Sofra Jeux SARL (éditeur de jeux), GIE Titus Interactive (administratif) et Avalon France (distribution).

 

Titus Interactive ainsi que ses trois filiales avaient été placées début juin en redressement judiciaire par le Tribunal de Commerce de Meaux.

Basicly it says they have filed for chapter 11.