Tag Archives: South Park Studios

South Park Studios Objects to THQ Sale

South Park Studios has formally objected to the inclusion of South Park: The Stick of Truth in today’s auction of THQ games. According to a formal objection filed in U.S. Bankruptcy Court, South Park Studios says its original deal with THQ excuses it “from accepting performance from or rendering performance to a party other than THQ.”

The document refers to South Park Studios’ original deal with THQ — referred to as a Deal Memo — which was signed on June 29, 2011. According to South Park Studios, THQ has “not provided adequate assurance of future performance of the Deal Memo in the hands of a prospective purchaser.” South Park Studios is seeking $2.275 million in defaulted payments from THQ and says the Deal Memo gives it “the option to acquire from THQ all elements of the South Park game and related products” as long as it “pays to THQ the actual costs incurred and paid by THQ.”

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Source: FULL ARTICLE at IGN Video Games