Double Fine Optimistic it Can Reclaim Rights for Stacking and Costume Quest From THQ

February 28, 2013 -

Speaking to Polygon Double Fine expressed its desire to reacquire the console publishing rights to two of its games buried in a lot of intellectual property to be sold off as part of an auction related to THQ's bankruptcy. Double Fine owns the IP for Stacking and Costume Quest and the rights to publish the games on the PC platform, but THQ holds limited rights to publish both games on consoles.

"Double Fine owns the IP rights to Costume Quest and Stacking," Justin Bailey, vice president of Double Fine business development, told Polygon. "THQ retained limited distribution rights that we bid on during the previous process to reclaim them prior to their expiration. We are optimistic about regaining these distribution rights, as this process has already demonstrated that when there are parties interested in specific assets, those assets are worth more when sold separately."

Costume Quest and Stacking are part of "Lot 6 - Licensed Software" in the THQ auction listing - which set to occur in April. Like many of the games listed in this lot, the only thing for sale are the rights to publish on certain platforms, and not the actual IP.

When asked if Double Fine was talking to THQ about this, Bailey said:

"We continue to participate in the process, but we have not heard from them directly."

Some have said that it would might be better for THQ if some of the IP is separated out of the rather large list of mediocre offerings in Lot 6 because when IP is singled out it is more apt to generate more cash for THQ to pay down its debt..

We'll have more on this story as it develops.

Source: Polygon


 
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