THQ creditors claim $200 million owed

thq

By on April 27, 2013 at 1:01 pm

THQ is bankrupt and all its assets have been auctioned off – end of story, right? Wrong. A huge list of creditors have made claims on the defunct publisher, according to a Bankruptcy Court of delaware filing [PDF], with a whopping total of $200 million allegedly owed.

Microsoft is claiming $213,772 in licensing fees for third-party peripherals and $888,652 for financing fees. UFC parent company Zuffa, LLC is asking for $1.9 million in unpaid royalty fees. Codemasters has filed a claim for $1 million in unpaid royalties and stock on various titles including Dirt 3 and Bodycount. LucasFilm is after royalties on mobile games. Even indie darling Double Fine Productions says it is out of pocket $595,000 in royalties.

On top of that, a tattoo artist is claiming $4.16 million for a copyright infringement suit; former executives Jason Rubin and Jason Kay say they’re both out about $2 million each; and various THQ child companies are claiming millions in loans and interest; and the ESA wants its money back for a reserved E3 2013 booth.

Polygon reports the claims may not be paid, but if they are, it won’t be until the end of May.

Source: GamePolitics

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4 comments (Leave your own)

still think that tattoo thing is utter bullshit. Ignoring the basic fact that the tattoo is now a part of the man’s public appearance, Carlos Condit would’ve been paid by the UFC or THQ directly for the use of his likeness in-game.

He should’ve adjusted his asking price and forwarded on the licensing profits to the tattooist himself, if he failed to include that business cost in his initial deal then its tuff titties for him.

Put it this way; a car-dealership sells you a car based on the cost of the engine alone, then the manufacturer later asks “where’s the money for the body work?” you know who would accept responsibility for the blunder? THE DEALERSHIP!

 

what’s this tatt thing?

 

tacitus42:
what’s this tatt thing?

Suing them for using digital representation of his artwork on the persons skin, much like Tyson’s guy sued the production of “The Hangover” for using his face tattoo, it’s 100% stupid.

 

Wow, now you are all making me feel guilty for looking for claiming my royalties as their logo is an exact copy of a typo I once made in typing class back in school on ye olde electronic ribbon typewriters.

I’m also looking for compensation for harddrive space that may, or may not have been saved/used for future THQ products.

 
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