THQ auction recap: Dead Island publisher buys Saints Row and Metro, Crytek picks up Homefront, Sega acquires Warhammer studio and more
It was indeed a sad day today as bits and pieces of THQ were sold off at an auction to the highest bidder. The publisher’s goal of keeping all of its studios intact were crushed as creditors clamored for THQ to be sold in pieces to maximize return on the now defunct publishing giant.
The most surprising news out of the auction was the announcement that Koch Media, parent company to Deep Silver acquired Volition and the Saints Row IP from THQ for $22.3 million. For those of you that don’t know, Deep Silver is Dead Island’s publisher.
Koch Media also picked up the Metro series for $5.8 million. The game will continue to be developed by third party Ukraine-based studio, 4A Games. Volition is currently working on Saints Row 4 and 4A Games is nearly done with Metro: Last Light which had a release date for March 2013. While there is no announcement if these titles will be delayed, its looking like the release date may hold.
Take-Two has acquired new IP ‘Evolve’ from THQ, currently being developed by Turtle Rock, co-developer of the Left 4 Dead series. Interestingly enough, Turtle Rock had put in a $250k bid to purchase the Evolve license, but was vastly out-bided by Take-Two when the publishing giant dolled out $10.8 million for the IP.
While there is no information on Evolve other than that it’s a co-op shooter, the new IP must have immensely impressed the likes of Take-Two in order for it to shell out over $10 million on an unproven license.
Sega has stepped up to acquire Relic studios, the same folks that brought you Warhammer 40k and is currently working on RTS title, Company of Heroes 2. Sega apparently paid $26 million for the developer and its IPs. Oddly enough, I find the Warhammer series being a nice fit with Sega.
Crytek has revealed that the studio has picked up the IP to Homefront for an estimated price of $500k (unverified), a franchise the developer has been working on. Homefront 2 is currently under development by Crytek on the CryENGINE.
While the Homefront IP is probably not all that appealing if judging off the first game, more than likely Crytek wanted to make good on all of its development cycles spent on Homefront 2.
Ubisoft also got in on the action when the publisher picked up THQ Montreal along with a new IP, Underdog and 1666 doe $2.5 million. The publisher also picked up the South Park: Stick of Truth IP for$3.3 million. However, according to reports South Park Studios is planning on fighting to take control of the Stick of Truth IP.
Lastly, there was some sad news revealed after the auction that the developers of Darksiders, Vigil studios was left without any bidders. THQ revealed that steps will be taken to layoff resources immediately.
However, there was some good news as Platinum Game’s head, Atsushi Inaba tweeted that he was interested in the studio and the Darksiders IP as long as he can get it on the cheap.
"In THQ studio and IP selling off auction, Darksiders is unsold? [We] wanna buy it…on the cheap…"
There may still be hope yet for Vigil and its staff.