THQ Auctions off the Rest of Its Assets
As we all know now, THQ is no longer in the publishing business as it folded earlier this year. Not to leave its games in development without a home, THQ held an auction which saw many of its titles go to other developers and publishers. The remaining assets have just gone up for auction this month, with bids for six lots of its properties made during April 1-15th.
All in all, seventeen bids were made for THQ’s remaining assets. The bids raised between $6 and $7 million, a good amount, but far below the cost of development these games have seen at THQ. The good news is that the remaining games will still have the potential to see the light of day.
THQ arranged four of the lots to represent individual properties: Darksiders, Red Faction, Homeworld and MX vs. ATV. The remaining two lots featured several different original series and licenses held by THQ. The fifth lot in particular features the rights to 40 games, including failures like uDraw and commercial successes like Destroy All Humans! and Full Spectrum Warrior. The sixth lot features 36 licensed games from THQ, such as Stacking, Costume Quest and You Don’t Know Jack.
Who bought the properties? Unfortunately we won’t know until May. Earlier, THQ sold off its assets at auction to Ubisoft, Sega, Koch Media, Crytek and Take 2. Ubisoft piced up the rights to South Park: The Stick of Truth; Sega got Relic; Koch Media obtained Volition and the Metro franchise; Crytek nabbed Homefront; and Take 2 acquired Evolve.
THQ was established in 1989 as a toy and video game maker. It earned a reputation for licensed games, such as the World Wrestling Foundation. Recently, THQ was known for Saints Row, Darksiders, Metro and working with Guillermo Del Toro on a future project.
Are you saddened to see THQ go? Which of its licenses you have sold? and to whom? Speak your mind in the comments.