NEWS - Thursday, January 24, 2013


As the THQ auction continues, numbers disclosed

In an auctioning process, THQ has sold many of its studios and upcoming games. Sega has agreed to purchase Relic Entertainment, developer of the upcoming Company of Heroes 2. Given the publisher’s penchant for PC strategy games (like the Total War series), Relic’s future may be relatively safe in the House of Sonic. According to @DDInvesting, Sega fronted $26 million in the auction, proving they want ownership of the PC strategy space.

Koch Media, owner of the Deep Silver publishing label, has agreed to purchase publishing rights forMetro: Last Light, and Volition, developer of THQ’s successful Saints Row franchise. Koch Media offered $22.3 million for Volition, $5.8 million for Metro.

Crytek, developer of the upcoming Homefront 2, has agreed to purchase the IP from THQ--a rare move where a developer can outright buy a property from its publisher. The cost of the IP purchase: a mere $500k.

Take 2, owner of the 2K Games and Rockstar Games label, has agreed to take "Evolve," the unannounced next game from Turtle Rock Studios, developer of the Left 4 Dead franchise. The publisher offered $11 million for the title, suggesting a lot of confidence in the unseen project.

Finally, Ubisoft has agreed to purchase THQ Montreal, ironically recapturing Patrice Désilets in the process. Désilets worked on the Assassin’s Creed franchise before moving on to work on to the yet-announced 1666. The French publisher will also pick up South Park: The Stick of Truth--arguably THQ’s biggest upcoming game. Ubisoft spent only $2.5 million for the Montreal studio, less than the $3.2 million it fronted for the South Park game.

The publisher expects these deals to close as early as this week. However, Kotaku points out that a number of other parts of the business have been unsold. For example, Vigil Games, developer of theDarksiders franchise, is still unclaimed. "They will remain part of the Chapter 11 case," CEO Brian Farrell wrote in a letter to employees. "We will make every effort to find appropriate buyers, if possible."

"We expect that most employees of the entities included in the sale will be offered employment by the new owners," the letter says. "However, we cannot say what these owners may intend, and there will likely be some positions that will not be needed under the new ownership," adding "unfortunately, employees of a studio that were not purchased will have their position end."

 


Source: www.shacknews.com

Site Statistics

Registered Members: 52,330
Forum Posts: 725,928
Xbox One Titles: 3,613
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,168
Member Reviews: 10,339
News Articles: 16,074
Screenshots: 35,265
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News



Dustwind - The Last Resort Is Now Available

Dustwind - The Last Resort Is Now AvailableTwenty-five years have passed since the ‘Awakening’ – a cataclysmic event triggered by a renegade artificial intelligence known as ‘Mainframe’. The AI’s robot armies targeted all other life forms on Earth. Humans won the war, but only barely.


Merek’s Market is Now Open for Business

Merek’s Market is Now Open for BusinessMerek’s Market is a chaotic crafting game about running a medieval shop. We’ve all thrown down our bags of gold to stock up for the next adventure but what about the poor souls rushing around behind the counter trying to fill our inventory?





See News Archives

Community Forum Activity

2021: XBA is still here
Post by shrew king
2 Replies, 13408 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 31126 Views

Xbox Series X or S
Post by Nato King
5 Replies, 40823 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 33391 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 33439 Views

Xbox one no signal
Post by debrartin
0 Replies, 54062 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 56449 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 49212 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 79819 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 38811 Views

Squad Up
Post by samslophead
0 Replies, 85499 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 64438 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 123158 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 85568 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 105281 Views

© 2000-2021 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics