News has broken out about the sale of THQ's assets and it looks like many of the defunct publisher's signature franchises have been acquired. But, surprisingly, some seemingly bankable properties haven't been snatched up.
The sale of THQ's assets in federal bankruptcy court will be finalized today. Word is that the hearing begins at 3 p.m.
A developer at Relic Entertainment, makers of the Company of Heroes series, says Sega bought the studio from THQ.
GameStop pulled Metro: Last Light from its Impulse digital download service, telling GameSpot that the uncertain fate of its publisher, THQ, is the reason.
Sounds like Double Fine is interested in buying back a couple of games it made for THQ when the company goes to auction.
A bankruptcy judge yesterday did not approve the bidding procedures THQ proposed in selling off its assets, which THQ's creditors had complained was rigged to sell the whole thing to a private equity firm for $60 million. Now comes a report that Warner Bros. Interactive Entertainment is an interested buyer.
Creditors don't expect to get everything they're owed when a company enters any form of bankruptcy, but THQ's say they're getting screwed in the publisher's arrangement to sell off its assets and start over. Three creditors have filed objections, reports Gamasutra, and so has the government trustee overseeing the…
The publisher behind games like Saints Row and Homefront has filed for bankruptcy.
Being a comic book fan in the 80s I grew up thinking there was no problem that couldn't be solved by golden flaky crust or delicious cream filling. Apparently that doesn't apply to financial insolvency, as snack cake maker Hostess Brands files for Chapter 11 bankruptcy for the second time.
Game Crazy went belly-up earlier this year, removing one more retail alternative to GameStop from American shopping centers and malls. The sell-off of its remaining stock is on hold while two liquidators battle over who's bidding the most for it.
Formerly a household name in video games, the bankrupted publisher will end up paying creditors between 16 and 25 percent of what they were owed, under a plan approved by a Delaware judge on Friday.
Game Crazy, which shuttered numerous locations earlier this year under its parent company's bankruptcy reorganization, will now liquidate and then close all remaining stores beginning in two weeks, according to the store director of one in Oregon.
Cheyenne Mountain Entertainment started reading Chapter 11 last month, and now a court-appointed official has taken control of the company's assets, which includes Stargate Resistance. The game has been sold off and will continue to be supported.
Stargate Resistance couldn't ride to the rescue soon enough to save Cheyenne Mountain Entertainment, which announced yesterday over its forums that it has sought Chapter 11 bankruptcy protection. The company promises full continued support for the game, which released Feb. 10.
A federal judge reluctantly threw out a creditor claim against the former board of Midway, which alleged that the debt-saddled company pursued loans it couldn't pay and arranged a sale that screwed company stakeholders while enriching a well-connected few.
As part of parent company Movie Gallery, Inc.'s Chapter 11 bankruptcy reorganization, video game retailer Game Crazy stores are dropping like flies, with only 250 stores remaining open in the U.S. once the smoke clears.
Lawrence Kasanoff, the producer behind the Mortal Kombat movies, television show, and animated series has filed suit against Midway in U.S. Bankruptcy Court in order to make sure he retains series milking rights.
Former employees of the recently shuttered Factor 5 studio in California are taking the company to court, claiming that it fraudulently transferred assets, including source code for the next Rogue Squadron title.
Developer Ascaron Entertainment has filed for bankruptcy protection in its home country, Germany.
Mortal Kombat publisher Midway caught some heat from its creditors and a government-appointed trustee over some questionable bonuses attached to the sale of its properties and a publishing agreement with Wheelman co-publisher Ubisoft.
