Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 27, 2014
arrowPress Releases
November 27, 2014
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Bankrupt THQ owes tens of millions in debt
Bankrupt THQ owes tens of millions in debt
April 26, 2013 | By Mike Rose

April 26, 2013 | By Mike Rose
Comments
    5 comments
More: Console/PC, Business/Marketing



A full list of THQ's creditors has been published, with hundreds of individuals and companies seeking tens of millions of dollars in debts.

The publisher was forced to sell off its studios and assets as part of bankruptcy plans earlier this year. Now that the company has sold everything off, it can begin paying back what it owes.

There are numerous notable inclusions in the list of creditors. Double Fine Productions, for example, is claiming $595,000 for alleged breach of contract [PDF], stating that THQ gave its games Stacking and Costume Quest away for free as part of a PlayStation Plus promotion, but did not give Double Fine adequate notice of the action.

Double Fine goes on to claim that it did not receive any of the profits from the PlayStation Plus payments.

Codemasters is claiming $1,002,714.25 from THQ [PDF], stating that it has unpaid royalties, as well as valuable stock of games like Body Count, Dirt 3 and F1 2011 sitting in a warehouse.

Meanwhile, former THQ executives Jason Kay and Jason Rubin [PDF] are claiming $2.1 million each as part of "Employment Obligations."

Both say they are owed payments from breaches of duties, priority wages, and salary commissions including vacation pay, severance pay and sick leave.

The full list of creditors can be found on the KCC website.


Related Jobs

Pocket Gems
Pocket Gems — San Francisco, California, United States
[11.27.14]

Software Engineer - Mobile, Backend & Tools
Grover Gaming
Grover Gaming — Greenville, North Carolina, United States
[11.27.14]

3D Generalist / Artist
Cloud Imperium Games
Cloud Imperium Games — Santa Monica, California, United States
[11.27.14]

Senior VFX Artist
Cloud Imperium Games
Cloud Imperium Games — Santa Monica, California, United States
[11.27.14]

Gameplay Engineer









Loading Comments

loader image