8-K

                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT


     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934


                Date of Report (Date of earliest event reported)

                                 April 25, 2002


                          INTERPLAY ENTERTAINMENT CORP.
             (Exact name of registrant as specified in its charter)

            Delaware                   0-24363                  33-0102707
 (State or other jurisdiction        (Commission               (IRS Employer
        of incorporation)            File Number)           Identification No.)



          16815 Von Karman Avenue, Irvine, CA                     92606
        (Address of principal executive offices)                (Zip Code)

       Registrant's telephone number, including area code: (949) 553-6655





ITEM 5. - OTHER EVENTS.

     Interplay Entertainment Corp. (the "Registrant") announced that it has
reached an agreement with Infogrames, Inc. for the sale of the Registrant's
Shiny Entertainment subsidiary. Upon the closing of the transaction, which is
subject to customary conditions including receipt of certain third party
consents, Infogrames will pay the Registrant approximately $47 million for Shiny
Entertainment in a combination of cash and a promissory note. A copy of the
Registrant's press release, dated April 25, 2002, is attached to this Form 8-K
as Exhibit 99.1 and is incorporated herein by this reference.


ITEM 7. - FINANCIAL STATEMENTS AND EXHIBITS.

     (a)  Financial Statements. None.

     (b)  Pro Forma Financial Information. None.

     (c)  Exhibits.

          Exhibit 99.1   Press Release of the Registrant dated April 25, 2002.


                                     Page 2



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                              INTERPLAY ENTERTAINMENT CORP.



April 25, 2002                                  /S/ JEFF GONAZALEZ
                                              ---------------------------------
                                                Jeff Gonzalez
                                                Chief Financial Officer


                                     Page 3




                                  EXHIBIT INDEX


      EXHIBIT NUMBER                   DESCRIPTION

           99.1              Press Release dated April 25, 2002

EX-99

                                  EXHIBIT 99.1

CONTACT:
     Interplay Entertainment Corp., Irvine
     Jeff Gonzalez, 949/553-6655
     JGONZALEZ@INTERPLAY.COM

FOR IMMEDIATE RELEASE

       INTERPLAY ANNOUNCES SALE OF SHINY ENTERTAINMENT TO INFOGRAMES, INC.
                         FOR APPROXIMATELY $47 MILLION

IRVINE, Calif., April 25, 2002 -- Interplay Entertainment Corp. (Nasdaq: IPLY)
announced today it has reached an agreement with Infogrames, Inc. (Nasdaq: IFGM)
for the sale of its Shiny Entertainment subsidiary. Upon the closing of the
transaction, which is subject to customary conditions including receipt of
certain third party consents, Infogrames will pay Interplay approximately $47
million for Shiny Entertainment in a combination of cash and a promissory note.

Through this acquisition, Infogrames, Inc. will have exclusive worldwide rights
to develop and publish games based on sequels to the highly acclaimed, Academy
Award-winning action thriller, "THE MATRIX." The games will be based on the
upcoming sequels "THE MATRIX RELOADED" and "THE MATRIX REVOLUTIONS" from Warner
Bros. Pictures.

Commenting on the announcement, Interplay Chief Executive Officer Herve Caen
said, "We are delighted to have signed this transaction with Infogrames, a
company with a proven track record and reputation. For Interplay and its
investors, successful conclusion of this transaction will enhance stability and
position Interplay for growth. The sale of Shiny will significantly reduce the
general corporate overhead of Interplay and allow the Interplay teams to focus
on the continuing development of games based on its successful TSR licenses such
as Baldur's Gate and Icewind Dale."

In addition to maintaining its strong alliances with outside developers for
titles like Hunter (XBox) and Baldur's Gate Dark Alliance (PS2), Interplay
maintains two renowned development studios, Black Isle and Digital Mayhem.

Mr. Caen continued, "The transaction will strengthen Interplay's capacity to
finance the development of its current slate of titles. We now have the
financing and the management team in place to provide a much stronger platform
for the development of fun and profitable games."

Heading into E3, the all important industry event, Interplay has a strong
selection of products soon to be released, as well as some in the pipeline yet
to be announced.

Interplay Entertainment is a leading developer, publisher and distributor of
interactive entertainment software for both core gamers and the mass market.
Interplay develops





games for personal computers as well as next generation video game consoles,
many of which have garnered industry accolades and awards. Interplay releases
products through Interplay, Shiny Entertainment, Digital Mayhem, Black Isle
Studios, its distribution partners, and its wholly owned subsidiary Interplay
OEM Inc.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this release except for historical information are
forward-looking statements that are based on current expectations and involve
risks and uncertainties. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend," "could,"
"estimate," or "continue" or the negative or other variations thereof or
comparable terminology are intended to identify forward-looking statements. The
risks and uncertainties inherent in such statements may cause actual future
events or results to differ materially and adversely from those described in the
forward-looking statements. The closing of the sale of Shiny Entertainment,
Inc., to Infogrames, Inc., and the effects of that sale on the business,
prospects and financial condition of the company that are expected to result
from the transaction are subject to numerous closing conditions, certain of
which are beyond the control of the company. Additional important factors that
may cause actual future events or results to differ materially and adversely
from those described in the forward-looking statements are discussed in the
company's filings from time to time with the Securities and Exchange Commission,
including but not limited to the company's annual reports on Form 10-K and the
company's subsequent quarterly filings on Form 10-Q. The company disclaims any
obligation to revise or update any forward-looking statements that may be made
from time to time by it or on its behalf.