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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