Time For Creditors To Get Money, As THQ Is No More
That’s it, THQ is officially no more. The company went into bankruptcy in January of this year, where its games were sold off to, literally, the highest bidders. Notable purchases of THQ assets include Koch Media grabbing Saints Row and Metro: Last Light, and Ubisoft winning 1666 and Underdog–two games still in development. Apart from the controversy between the 1666 developer and Ubisoft, everything seems to have gone quite smooth.
Darksiders was sold after the initial January auction, at $6.6 million, to Crytek.
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Judge Mary J. Walrath gave the final approval for THQ to officially close down, where creditors can finally see some of their long-lost money. It is estimated that creditors will receive between 20 to 52 per cent of what was originally owed. The claims from unsecured creditors ranges between $143 to $184 million.
One can only think that if THQ was able to hold on a few more months, that things would be different. With Metro: Last Light a couple of months from release, at the time, and Company of Heroes a couple more after–things could be different. In the United States alone, Metro: Last Light sold more than Metro 2033’s entire lifetime. This sort of funding could have been very helpful.
Regardless, THQ is no more. Below is where majority of the games went.
Makers of Company of Heroes
Winning bidder: Sega, $26.6 million.
Backup: Zenimax Media, $26.3 million.
Makers of 1666 and Underdog, titles under development.
Winning bidder: Ubisoft, $2.5 million. No runner-up.
(title in development at Turtle Rock Studios)
Winning bidder: Take-Two Interactive, $10.894 million.
Backup: Turtle Rock Studios, $250,000.
Maker of Saints Row
Winning bidder: Koch Media, $22,312,925.
Backup: Ubisoft, $5.4 million.
Released 2011; due for a sequel.
Winning bidder: Crytek. $544,218.
Series; due for the sequel Metro: Last Light.
Winning Bidder: Koch Media, $5,877,551
Backup: Ubisoft: $5.175 million.
License; South Park: The Stick of Truth is due for release March 5.
Winning bidder: Ubisoft, $3,265,306