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Double Fine considering purchase of THQ’s titles – report

Friday, 11th January 2013 12:25 GMT By Dave Cook

Double Fine is interested in buying one of THQ’s licenses, according to chatter from a source close to the matter.

Over on Twitter, Distressed Debt Investing stated:

The post has triggered speculation that Tim Schafer’s studio is looking at making an offer one one of THQ’s up-for-sale properties. The question is: which one?

This isn’t the first time Double Fine and THQ have mingled, as the publisher pushed Stacking and Costume quest on multiple platforms, so it could be that Double Fine is looking at where its properties stand given THQ’s current situation, or it is looking to buy a license from them.

Saint’s Row adventure game anyone?

THQ’s properties – including licenses for Saint’s Row, Red Faction and more – will go up for auction on January 22nd. Check out our report here.

Thanks CVG.

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16 Comments

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  1. LarsWestergren

    South Park? A lot of the successful Kickstarters companies have started to work together, like the Torment sequel combining people from the Eternity, Wasteland and Numenera Kickstarters.

    THQ isn’t a Kickstarter experienced company of course, but Obsidian are and they were working with the South Park people on the game before THQ were chosen as the publishers.

    #1 1 year ago
  2. jedieagle

    They are probably trying to get the licenses for Stacking and Costume Quest on consoles. Makes sense, since that would become another nice revenue stream :)

    #2 1 year ago
  3. NeoSquall

    @2 makes sense.

    #3 1 year ago
  4. Hirmetrium

    So, four of the five bidders on THQ so far are:
    1. Ubisoft
    2. Warner Bros
    3. EA
    4. Double Fine

    I dislike how slowly this information is leaking out, and I still don’t understand what licenses THQ does hold.

    #4 1 year ago
  5. friendlydave

    I hope this helps them, also how that good IP’s get treated right, liekwise with the studios.

    @4 Saints Row, Homefront, Tak, Viva piñata, Summoner, Titan Quest. Thats all I can think of, not sure how the one of games work. Also not to sure on how WWE and Warhammer 40K licenses work.

    #5 1 year ago
  6. Maximum Payne

    Imagine EA buy Homefront
    Then they will have BF,MoH,Crysis and that.
    Homefront 2 is developed by Crytek who is also in agreement with EA.

    #6 1 year ago
  7. Hirmetrium

    @4: the list I have at the moment on IP’s and stuff:
    Metro
    Homefront
    Homeworld
    Dawn of War (GW WH40k license)
    Space Marine (GW WH40k license)
    Company of Heroes
    Darksiders
    Red Faction
    Saint’s Row
    To add yours:
    Tak & Juju (worth very little no doubt)
    Summoner (worth very little)
    Titan Quest (also questionable worth)
    WWE
    Summoner
    Unsure ownership:
    Stacking
    Costume Quest
    Turtle Rock game/property

    Studios:
    Relic Entertainment (working on “ATLAS”, F2P game, suspected DOW3)
    Vigil Games (Working on unannounced titles)
    Volition Inc (Working on new saints row)
    THQ Montreal (Working on 1666)

    From what I understand, all these assets can be sold separately, “bundled” (i.e. Relic + COH/DOW IP’s) or somebody could buy out THQ entirely and strip away most of the exec’s to be replaced by their own.

    The bidders are:
    Ubisoft (Expressed an interest in Darksiders, Metro and Saint’s Row, Possibly THQ Montreal to get Ace in the Hole Patrice back)
    EA (seem to be interested in a bundle, have visited THQ sites)
    Double Fine (seem to be interested in something, suspected their published games)
    Warner Bros (no mention of intentions)
    Unknown party, likely to have money to throw around or have vested interest (Think Activision or 2K [remember their previous comments on THQ], maybe a studio looking to get some property back)

    There’s a question over how all this is affecting their foreign assets too, since bankruptcy filings are funny things.

    PS. 4A games, Metro’s developer, are independent and only publish through THQ, whom they agreed to give the Metro IP to (hence why its for sale). Was a big hooha about IP a while back.. (West/Zampella almost joined THQ but wanted IP ownership, which THQ would not give up)

    #7 1 year ago
  8. Sadismek

    @4 Nice round-up!

    It would be interesting to say the least if Double Fine actually gets it’s hands on anything from THQ’s catalogue.

    #8 1 year ago
  9. Phoenixblight

    Yeah I see Double Fine just picking up their titles nothing more than that.

    #9 1 year ago
  10. Eddie Rodrigues

    My hopes are for either Ubi or Double Fine to acquire the licenses or even the entire company…

    #10 1 year ago
  11. Phoenixblight

    Double Fine does not have that type of money to play with.

    #11 1 year ago
  12. Hirmetrium

    Hard to say Phoenix. THQ isn’t worth much, and Tim probably has kept a lot of money around due to his bad history with publishers. That said, I don’t think he has $60-70 million around to bid with :P

    What happens to THQ depends on whom the last bidder is IMO. They have a lot of established property that, well managed, is a gold mine. Somebody could buy them out and make a lot of money with their stuff or their development talent, no matter who they are (good talent and a catalog of IP is a tough deal to not justify when you have 70 million in a billion dollar business).

    #12 1 year ago
  13. Phoenixblight

    @12

    The creditors are aiming to try and get as much of their 100 million back. Double Fine doesn’t have that much money that is why they went on Kickstarter otherwise if their Kickstarter failed they would have to layoff their employees.

    #13 1 year ago
  14. Hirmetrium

    My understanding was that the combined, overall bids on individual assets needed to be in excess of $60 million to stop Clearlake’s purchase, no matter what the creditors wanted. And if somebody edges them out (and whatever they have left over, which is suggested to be a little more to ensure they win) creditors can’t do anything but accept the price.

    But you are right, its a pipe dream for Double Fine to buy anything out. Word is on Joystiq its for the console publishing rights on Stacking/Costume Quest.

    #14 1 year ago
  15. Phoenixblight

    @14

    Misread what you said so if you read it my mistake. Yes you are correct.

    I suspect they will be getting more than 60 million.

    #15 1 year ago
  16. burrsalem

    It’s been said here and reported now, but I’d place a large bet that Double Fine is merely seeking ownership of the IP it originally created, i.e. Costume Quest and Stacking.

    #16 1 year ago