Titus Earnings Reduced by Interplay Investment
- Share via
The big investment that a French video game maker made in money-losing Interplay Entertainment Corp. in Irvine is hurting its earnings.
Titus Interactive said a first-half loss at Interplay will significantly affect earnings for its fiscal year, which ended June 30, and that the company probably won’t post a profit until the end of the its fiscal year next June.
Shares of Titus, which owns 51.5% of Interplay, have lost 58% of their value this year in the Paris stock market. Interplay said this week that its quarterly loss widened to $20.8 million, from $7.4 million a year earlier. It has lost money in 10 of the last 11 quarters.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.