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Masthead Studios is a Bulgarian game development company, founded in 2005. The company is developing its post-apocalyptic MMORPG Earthrise, as well as co-developing Interplay Entertainment's Project V13.
On April 2, 2009 Interplay announced a binding letter of intent with Masthead Studios to fund the development of Project V13. Masthead and Interplay teams where to work together under the direction and control of Interplay to complete development of the project.