The MetaCreations saga continues with the announcement that its sole-surviving subsidiary, Metastream, is to change its name to Viewpoint.

The company expects to collapse the parent company MetaCreations with the subsidiary Viewpoint and rename the entire organization Viewpoint Corporation in November, subsequent to its annual shareholder meeting.

MetaCreations was formed in May 1997 when graphics guru Kai Krause merged his MetaTools company with Mark Zimmer’s Fractal Design. MetaTools had previously acquired 3D-application giant Specular and 3D-visualization wizard Real Time Geometry.

Last year, MetaCreations sold three of its high-profile consumer products (Kai's SuperGoo, Kai's Photo Soap and Kai's Power Show) to ScanSoft, two 3D programs (Carrara and Canoma) to Adobe, and a batch of graphics applications (including Painter, Bryce and the KPT filter collections) to Corel. See today’s exclusive interview with Corel's vice president of development and marketing, creative products, Ian LeGrow.