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: December 15, 2003 (Date of earliest event reported)




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

            Delaware                   0-24363                   33-0102707
(State or other jurisdiction of      (Commission               (IRS Employer
         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 AND REGULATION FD DISCLOSURE.

         On December 15, 2003,  Interplay  Entertainment  Corp.  (the "Company")
issued a press  release  announcing  that the Company had sold its rights to the
video game software called "Galleon" to an affiliate of Sci Entertainment Group,
a  company  registered  under  the  laws of the  United  Kingdom.  A copy of the
Company's  press  release  regarding  the sale of "Galleon"  is being  furnished
herewith as Exhibit 99.1 to this report and is incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c)      Exhibits.

                  99.1     Press Release dated December 15, 2003.


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                                   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.



December 15, 2003                                     /S/ HERVE CAEN
                                                 -------------------------------
                                                 Herve Caen
                                                 Chief Executive Officer and
                                                 Interim Chief Financial Officer


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EX-99

                                                                    EXHIBIT 99.1

            INTERPLAY ANNOUNCES SALE OF GALLEON TO SCI ENTERTAINMENT


IRVINE,  CA,  December 15, 2003 -- Interplay  Entertainment  Corp. (OTC Bulletin
Board:  IPLY)  announced  today it has sold all  rights to  Galleon:  Islands of
Mystery to SCi Games Ltd.,  an affiliate of SCi  Entertainment  Group of London.
Terms of the transaction were not disclosed.

Commenting on the announcement,  Interplay  Chairman and Chief Executive Officer
Herve Caen said, "In  development  for more than three years,  Galleon no longer
fits with Interplay's  strategy going forward.  Heading into 2004,  Interplay is
facing critical  decisions  about its future  strategy,  its resources,  and its
product  lineup.  The company's  development  resources will be streamlined  and
focused on high profile game titles we have planned for release next year and in
the near term, including Exalted, an action/adventure title now in development."

Interplay  Entertainment  Corp.  is  a  worldwide  developer  and  publisher  of
interactive  entertainment  software  for both core gamers and the mass  market.
Founded  in  1983,   Interplay   offers  a  broad   range  of  products  in  the
action/arcade,  adventure/role-playing game (RPG) and strategy/puzzle categories
across multiple  platforms,  including  PlayStation(R)2  computer  entertainment
system, the Xbox(R) video game system from Microsoft,  Nintendo GameCube(TM) and
PCs. The company's  common stock is publicly  traded under the symbol IPLY.  For
more information about Interplay please visit our website www.interplay.com.

Safe Harbor Statement under the Private Securities 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  "expect,"  "believes,"  or "plan" 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 risks and uncertainties which
may cause actual  future  events or results to differ  materially  and adversely
from those  described in the  forward-looking  statements  include,  but are not
limited to, (a) the company's ability to procure  additional  funding means, (b)
the  company's  ability to  consistently  and timely  release  products  and its
ability to control  costs,  (c)  consumer  demand or reaction  to the  company's
future games and (d) other factors  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 report on Form





10-K for the fiscal year ended  December 31, 2002 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.

Xbox is a registered  trademark of Microsoft  Corporation  in the United  States
and/or other countries.


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