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Bankrupt THQ to auction off its games today, but  South Park  may be absent
Bankrupt THQ to auction off its games today, but South Park may be absent
January 22, 2013 | By Mike Rose

January 22, 2013 | By Mike Rose
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    6 comments
More: Console/PC, Business/Marketing



Recently-bankrupted publisher THQ is auctioning off the rights to its games today, though its upcoming RPG based on the South Park cartoon may not be among them.

IP owner and creator South Park Digital Studios filed a complaint (PDF) with the U.S. Bankruptcy Court saying that South Park: The Stick of Truth can not have a new owner without the studio's approval, according to the original contract signed between the two companies.

Further, South Park says that according to its agreement, it has the rights to buy the game back itself, for the exact cost that THQ has already put into it. And to top it off, the studio also claims that THQ still owes it $2,275,000.

In response (PDF), THQ says that while it's working with South Park to resolve its issues, "certain rights" for the game can be sold without any additional approval. The company also says that it doesn't owe any money.

THQ filed for bankruptcy just over a month ago, and said that it was planning to sell all of its assets and studios, including The Stick of Truth. These are all due to go to auction later today.


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Comments


TC Weidner
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one game I was really looking forward to, and it looks like the suits are gonna screw this one up as well.

Kelvin Bonilla
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$4k worth of stocks down the drain :(

I learned my lesson ><

Marcus Miller
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What is going to happen to Red Faction??

Alexander Ronalds
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Oh man... I hope that IP doesn't disappear into the ages!

Alex Nichiporchik
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Red Faction... I want my Red Faction Guerilla 2 :(

And Saints Row 4.

And that actual South Park game that looks like South Park.

I really hope those IP rights end up in the right hands.

[User Banned]
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This user violated Gamasutras Comment Guidelines and has been banned.


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