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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
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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.


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Comments


Michael Joseph
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Minimum
http://www.youtube.com/watch?v=a8Jq20HWeKU

Section 8
http://www.youtube.com/watch?v=rdCJfP95ueM

it's hard to believe anyone would pay a red cent for a Tribes rip-off and a low poly shooter. The name "Minimum" perhaps has some marketing value, but otherwise neither of these games seem special to me.

Ian Klimon
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I thought Minimum was quite clever myself. Never had much love for Section 8, however, I, as a former developer at TimeGate, have great interest in the Kohan IP.


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