Wednesday, January 23, 2013

THQ May Have the Right To Auction Stick of Truth


THQ began auctioning off its licenses yesterday as part of the bankruptcy proceedings. And apparently South Park: The Stick of Truth is an exclusive license to THQ, meaning that it can be sold even though Obsidian Entertainment is the one developing the product. South Park Studios doesn’t want that to happen, clearly. Why? It messes with the money and could potentially corrupt the brand if things are changed.

SPS wants to approve of the sale of the license before it is transferred to the buyer. They have also filed documents to get at least $2.275 million in default payments to THQ back. This will probably play out in court and get really ugly. While SPS owns the right to the names and characters, their exclusivity to the game with THQ makes it open for sale for the game.

Developers such as EA, Ubisoft, and Warner Bros. are looking to snatch it up. The auction will be finalized in bankruptcy court today and someone is going to get a highly-anticipated game out of the deal. And we’ll all still want it, regardless of who it goes to.

Update 3:20pm: Ubisoft has claimed Stick of Truth and THQ Montreal.

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