South Park Studios wants final say on THQ's sale of Stick of Truth
by John Keefer, Jan 22, 2013 2:00pm PSTThe bankruptcy auction of THQ's assets is happening today, but South Park Studios is objecting to any sale of South Park: The Stick of Truth without it having a final say in who gets the license.
The studio, which owns the license to the cartoon franchise, wants to approve any transfer of the use of the characters and name, or buy the game outright while only paying THQ costs already incurred, according to court documents filed late last week (via Polygon). It is also is seeking $2.275 million in default payments from THQ for use of the license. THQ replied on Monday that the license was exclusive, and therefore can be sold. The game is currently in development by Obsidian Entertainment.
Today's auction will be finalized by the bankruptcy court at a 9 a.m. hearing tomorrow. Companies such as Electronic Arts, Ubisoft, Warner Bros. and Double Fine are reportedly interested in the franchises (such as Metro, Saints Row, and WWE) and studios (Relic, Volition, Vigil and THQ Montreal).
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The bankruptcy auction of THQ's assets is happening today, but South Park Studios is objecting to any sale of South Park: The Stick of Truth without it having a final say in who gets the license.
The bankruptcy auction of THQ's assets is happening today, but South Park Studios is objecting to any sale of South Park: The Stick of Truth without it having a final say in who gets the license. : Shacknews
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