to access exclusive content, comment on articles, win prizes and post on our forums. Not a member yet? Join now!
CVG
News

THQ creditors seeking more than $200 million

Microsoft, Codemasters and Double Fine among those owed money

Creditors are seeking in excess of $200 million from bankrupt publisher THQ.

Zoom

Hundreds of companies have registered claims in THQ's bankruptcy case, ranging from $2.98 from a Tennessee tax assessor to $39 million from UK-based THQ Holdings Ltd, Polygon reports.

Among the claimants, Microsoft is seeking over $1 million in licensing and financing fees, Codemasters is seeking $1 million in unpaid royalties and stock, and Double Fine is seeking $595,000 in royalties and money owed for PlayStation Plus promotions.

Ex-THQ executives Jason Rubin and Jason Kay are also seeking $2 million and $2.1 million respectively, citing unpaid salary and severance, plus breaches of employment agreement.

Additionally, outstanding payments are owed to staff that worked work on Saints Row 4, Homefront 2 and Metro: Last Light.

Bankruptcy case counsellors told Polygon that no claims will be paid until the conclusion of THQ's case next month.

Earlier this week, the last of THQ's remaining game properties were auctioned off, with IPs like Darksiders, Red Faction and Homeworld helping to raise up to $7 million.

Comments