Wipeout 64 was developed by Liverpudlian developer Psygnosis. After rumors that several publishers had approached Psygnosis about developing a Wipeout instalment for the Nintendo 64, Psygnosis officially announced Wipeout 64 on April 1998. Development began on February 1998 and it took a total estimated amount of eight months to complete the game. Psygnosis originally intended to publish the game themselves with Sony Music Entertainment handling the distribution for Europe.