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THQ owes claimants a reported $200 million in royalties, debt

Friday, 26th April 2013 16:42 GMT By Stephany Nunneley

A list of THQ creditors have been listed as part of its Chapter 11 Section 363 proceedings earlier this week.

According to a claims register, reported by Gamasutra, some of the claims stem from pending litigation cases and royalties owed.

Some of the royalty claims include Double Fine Productions for PS Plus releases of Costume Quest and Stacking for $595,000.

Codemasters also claims it is owed $1 million for royalties on Dirt 3 and other titles and peripheral licensing fees are owed to Microsoft in the amount of $214,000 plus an additional $888,652 in financing fees.

Former executives Brian Farrell, Jason Kay and Jason Rubin have also filed claims for money owed.

Farrell filed a claim for $6.4 million owed through a “termination without cause” clause in his contract; Kay is is claiming $2.1 million for “employment obligations,” and Rubin is also claiming $2.1 million for breach of contract over THQ not informing him of its financial instability when he was hired.

You can look over the entire list of creditors here, some of which are in upwards of $12 million.

GamePolitics did the math, and it appears the firm owes somewhere around the $200 million mark.

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5 Comments

  1. Cobra951

    Reveled? Doubtful. ;)

    Good luck collecting even a fraction of those numbers.

    #1 1 year ago
  2. Samoan Spider

    It’s always messy with these things, but ultimately it’s a case of ‘you get what you’re given!’

    #2 1 year ago
  3. DSB

    Brian Farrell shouldn’t get a single fucking cent.

    #3 1 year ago
  4. RandomTiger

    Sad to see Double Fine missing out on funds there, thats not a small amount of money for them.

    #4 1 year ago
  5. MidlifeAxe

    Some companies just wanting to get the royalties they earned. Fair enough.

    Don’t see why the executives that were responsible for the company think they’re entitled to all these millions of dollars.

    #5 1 year ago

Comments are now closed on this article.