Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 6, 2015
arrowPress Releases
July 6, 2015
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


There's a bidding war brewing over TimeGate's old IP
There's a bidding war brewing over TimeGate's old IP
November 20, 2013 | By Mike Rose

November 20, 2013 | By Mike Rose
Comments
    2 comments
More: Console/PC, Business/Marketing



Section 8 creator TimeGate Studios filed for bankruptcy earlier this year. Now a number of different companies are vying for control over the defunct studio's old IP.

Atari's bid for the Section 8 and Minimum IPs has apparently been accepted by the trustee in charge of the bankruptcy move. However, various other companies are contesting the bid, saying that they made larger offers first, according to the Wall Street Journal.

CNH Partners and Digital Tribe Games have offered $50,000 with a 25 percent royalty, while SouthPeak Interactive (who has had a run-in with TimeGate before) has offered $40,000 and a 50 percent royalty.

Both parties are now asking the trustee to reopen the sale process and schedule a live auction. A judge will consider the reopening of the sale this Thursday.


Related Jobs

Bartlet Jones Supernatural Detective Agency Inc.
Bartlet Jones Supernatural Detective Agency Inc. — San Diego, California, United States
[07.06.15]

Senior QA Tester
Bartlet Jones Supernatural Detective Agency Inc.
Bartlet Jones Supernatural Detective Agency Inc. — San Diego, California, United States
[07.06.15]

Technical Artist / Tools Programmer
YAGER Development GmbH
YAGER Development GmbH — Berlin, Germany
[07.06.15]

Senior Game Designer (f/m)
Bigpoint
Bigpoint — Hamburg, Germany
[07.06.15]

Senior Live Producer (m/f) – Berlin-









Loading Comments

loader image