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, 2005


                          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.)



               1682 Langley, Irvine, CA                            92606
       (Address of principal executive offices)                  (Zip Code)

      Registrant's telephone number, including area code:  (310) 432-1958


         Check the  appropriate  box below if the Form 8-K filing is intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

         |_|      Written   communications   pursuant  to  Rule  425  under  the
                  Securities Act (17 CFR 230.425)

         |_|      Soliciting material pursuant to Rule 14a-12 under the Exchange
                  Act (17 CFR 240.14a-12)

         |_|      Pre-commencement  communications  pursuant  to  Rule  14d-2(b)
                  under the Exchange Act (17 CFR 240.14d-2(B))

         |_|      Pre-commencement  communications  pursuant  to Rule  13e-4(c))
                  under the Exchange Act (17 CFR 240.13e-4c))





ITEM 1.01.  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

Interplay  Entertainment  Corp. (the "Company") has entered into an agreement on
April  25,  2005  effective  April  19,  2005  with  Snowblind   Studios,   Inc.
("Snowblind")  pursuant to which Snowblind  receives an exclusive license to the
"Dark Alliance" trademark under certain conditions for the purpose of making non
Massively Multiplayer video games.


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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.



April 26, 2005                        /S/ HERVE CAEN
                                     -------------------------------------------
                                     Herve Caen
                                     Chief Executive Officer and
                                     Interim Chief Financial Officer


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