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South Park Studios fighting THQ for IP rights

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Legal stuff

South Park Studios has filed an objection in court to prevent the sale of South Park: The Stick of Truth in THQ's bankruptcy asset sale taking place later today unless certain conditions are met. South Park Studios wants the right to deny the sale unless they've given their approval to the bidder, get adequate assurance of future performance, and receive $2.275 million in allegedly defaulted payments.

South Park Studios asserts that, if these conditions are not met, they have the right to buy back the game themselves for the exact cost THQ has put into the project. THQ counters that they don't need the studio's approval to sell the IP as the license is exclusive to them. In regards to the debt, THQ states that they "are currently evaluating the amount South Park Studios is claiming we owe and anticipate working with them to resolve it."

This whole THQ business is just one sad and messy affair. We'll see just how all this will play out later today during the asset sale.

South Park Studios objects to THQ's sale of The Stick of Truth, seeks $2.275 million in default payments [Polygon]


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On Destructoid: South Park: The Stick of Truth   (42)   From our game database:

  • Watch Dogs, South Park, and more Ubisoft titles on sale at GamersGate - Dealzon
  • Ubisoft sold 1.6m copies of South Park: Stick of Truth - Vikki Blake
  • PSA: South Park: The Stick of Truth dropped to $5 on PS3 - Robert Summa
  • South Park: The Stick of Truth gets its first DLC pack - Chris Carter
  • South Park creators worked on Stick of Truth 'until the bitter end' - Steven Hansen
  • South Park: The Stick of Truth censorship 'not that big a deal,' says Matt Stone - Jordan Devore
  • Review: South Park: The Stick of Truth - Chris Carter
  • The South Park: Stick of Truth censorship screen is hilarious - Chris Carter
  • South Park: The Stick of Truth will be censored in Europe - Alasdair Duncan
  • More related stories
    #Censorship #Europe #PC #South Park #Ubisoft #Xbox 360
     
     


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