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THQ officially gone and licenses in new hands...
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 THQ officially gone and licenses in new hands...
topic by Da Ill One - 01-23-2013, 04:17 PM





THQ is no more. The company will be broken apart and its games sold to at least five different companies, according to a letter sent to employees today from CEO Brian Farrell and president Jason Rubin. Kotaku obtained the letter, which further states THQ is currently presenting its case to the U.S. Bankruptcy Court.

The proposed sale, including sales figures and backup bidders for each, is below.

Relic Entertainment and Company of Heroes franchise
Winning bid: $26.6 million - Sega Corporation
Backup bidder: $26.3 million - Zenimax Media

THQ Montreal, including 1666 and Underdog
Winning bid: $2.5 million - Ubisoft
Backup bidder: None

Evolve aka Metamorphosis
Winning bid: $10.894 million - Take-Two Interactive
Backup bidder: $250,000 - Turtle Rock Studios, Inc.

Volition and Saints Row franchise
Winning bid: $22.3 million - Koch Media
Backup bidder: $5.4 million - Ubisoft

Homefront franchise
Winning bid: $544,218 - Crytek
Backup bidder: None

Metro franchise
Winning bid: $5,877,551 - Koch Media
Backup bidder: $5.175 million - Ubisoft

South Park: The Stick of Truth
Winning bid: $3,265,306 - Ubisoft
Backup bidder: None

The fate of the Darksiders franchise and its developer Vigil Games is unknown. Farrell and Rubin said, "We will make every effort to find appropriate buyers, if possible."

The formal THQ auction document reveals an unannounced game from THQ Montreal called "Underdog." This is in addition to the company's still-unannounced "1666" and could be a working title.

The document also suggests High Voltage Software (The Conduit) is working with Volition Inc. on development on Saints Row 4, though it is not clear in what capacity.

Farrell and Rubin said most employees included in the sale will be offered jobs by their new owners. However, this is not a certainty, and "there will likely be some positions that will not need to be needed under the new ownership," they said.

All employees of a company not included in the sale will be out of a job. A "small number" of staff at THQ headquarters in Agoura Hills, California will remain employed beyond January 25 to a$sist in the transition.

"While the company will cease to exist, we are heartened that the majority of our studios and games will continue under new ownership," Farrell and Rubin said. "We were hoping that the entire company would remain intact, but we expect to hear good news from each of the separate entities that will be operating as part of new organizations.

"For those THQ employees who are part of entities that are not included in the sale, we are confident that the talent you have displayed as part of THQ will be recognized as you take the next steps in your career," they said.

Separately, THQ bankruptcy representatives told GameSpot today that an official announcement will be made once it has approval from the court and from the company's lawyers. No specific timetable was provided

Source


ALso to update the article... WWE has removed THQ of the license and shopped the title around themselves (THQ owed WWE $45 MIllion) and rumor has it EA or 2K got the License but WWE hasn't made an official announcement yet... (Hearing ALOT of rumors EA got it) but i'll update when I find out officially


Thank to Munie for posting this maybe those rumors are wrong



The Following BX resident gave props to Da Ill One (Sent To 9,470 Subscribers)  HEAT HOT TOPIC (Blog'd,RSS'd,Tweet'd and Facebook'd)  (01-23-2013)

39 comments for "THQ officially gone and licenses in new hands..."


 01-23-2013, 04:18 PMaway - #2
Msirae Faythung 291 heat pts291

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Beat me to it
 01-23-2013, 04:20 PMaway - #3
munie 8 heat pts

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$1,420 | 10484047
 01-23-2013, 04:21 PMaway - #4
HiRolliN 103 heat pts103

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gonna be interesting to see what crytek does with homefront
 01-23-2013, 04:22 PMaway - #5
King Kusanagi 31 heat pts31

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Originally Posted by munie
 01-23-2013, 04:23 PMaway - #6
PhI|0z0pH3r 72 heat pts72

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2K wouldn't be a bad fit for WWE. Hmm I'm wondering whats going on over at EA since they didn't grab anything.
 01-23-2013, 04:28 PMaway - #7
HiRolliN 103 heat pts103

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Originally Posted by Se7en
First homefront was good just slightly unpolished so i see great things
ya the multiplayer game play was good which is why im gonna keep an eye out on crytek to see what they do with future installments.

and yes im also surprised EA didnt try to outbid everyone for the WWE licensing.
 01-23-2013, 04:34 PMaway - #8
Da Ill One|M 3686 heat pts3686

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^^^ WWE wasn't up for bidding... WWE kicked THQ out of the license and shopped it themselves... 2K offered the best package
 01-23-2013, 04:39 PMaway - #9
One Gud Cide 22 heat pts22

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Originally Posted by Se7en
First homefront was good just slightly unpolished so i see great things
now I've seen everything on this site first too human now this
 01-23-2013, 04:41 PMaway - #10
HiRolliN 103 heat pts103

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Originally Posted by Da Ill One
^^^ WWE wasn't up for bidding... WWE kicked THQ out of the license and shopped it themselves... 2K offered the best package
ahh ok that must of been one rough negotiation cause that licensing is worth a ton of ####ing money.
 01-23-2013, 04:42 PMaway - #11
bd2eazy 37 heat pts37

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EA has MMA. no need to pick up WWe.
 01-23-2013, 04:44 PMaway - #12
Dee352 163 heat pts163

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Who is making the next ufc undisputed game?
 01-23-2013, 04:45 PMaway - #13
HiRolliN 103 heat pts103

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Originally Posted by Dee352
Who is making the next ufc undisputed game?
EA has the rights to UFC now
 01-23-2013, 04:46 PMonline - #14
Tiko377 1042 heat pts1042

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Evolve aka Metamorphosis

Wtf is this never heard of this game
 01-23-2013, 04:51 PMaway - #15
Dee352 163 heat pts163

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Originally Posted by HiRolliN
EA has the rights to UFC now
They need to make a better ufc game that's less stiff and robotic
 01-23-2013, 04:53 PMaway - #16
HiRolliN 103 heat pts103

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Originally Posted by Dee352
They need to make a better ufc game that's less stiff and robotic
there was an article a while back saying the main team thats developing the next UFC game is gonna have help from the team that created the pro boxing f!ght night games.
 01-23-2013, 04:58 PMaway - #17
Dee352 163 heat pts163

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Originally Posted by HiRolliN
there was an article a while back saying the main team thats developing the next UFC game is gonna have help from the team that created the pro boxing f!ght night games.
cool the next game should be dope
 01-23-2013, 05:06 PMaway - #18
bd2eazy 37 heat pts37

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yall aint played EA MMA? #### was/is fire.

couldnt touch UFC games after playing that.
 01-23-2013, 05:11 PMaway - #19
Da Ill One|M 3686 heat pts3686

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Originally Posted by Tiko377
Evolve aka Metamorphosis

Wtf is this never heard of this game
When it was originally announced it was a game similar to sim city...you start off as something (Don't remember if it was human or what) and you evolve into something better by merging in stead of growing... so like they said you could have a human merge with a butterfly and the human will have wings then you could merge with a squirrel and have a tail and wings...it sounded kind of cool but I didn't think it was actually being made... I remember it being sort of a tech demo for a new engine
 01-23-2013, 05:12 PMaway - #20
Danger Zone 46 heat pts46

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Off topic but what's up with the NFL license? Doesn't it expire the end of this season with EA?
 


 



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