ICE lost the Tolkien license on September 22, 1999 and then filed bankruptcy, which was imminent. The business side of ICE, MERP, MECCG, their previous financial troubles, and what happened after bankruptcy is explained in a well written and detailed article by Shannon Appelcline on rpg.net.
It comes in 2 parts. The 2nd part describes MECCG: https://www.rpg.net/columns/briefhistor ... ory9.phtml
The 1st part discusses the time before MECCG: https://www.rpg.net/columns/briefhistor ... ory8.phtml
A Brief History of Game (ICE MERP MECCG) by Shannon Appelcline
- Khamul the Easterling
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Great read, thanks!
By the way, I like this line from ICE President Pete Fenlon made in 1993.
Unfortunately, ICE's presentation of the MERP rules left much to be desired. We often created a sense of confusion and complexity, even where the guidelines were conceptually simple.