IGN News - South Park Studios Objects to Stick of Truth in THQ Sale


Uploaded by IGNentertainment on 22.01.2013

Transcript:
South Park Studios, the production studio behind the South Park TV show, has formally
objected to the inclusion of South Park: The Stick of Truth in today’s auction of THQ
games.
THQ, publisher of series like Saints Row and Darkstalkers, is bankrupt and is selling off
its properties today.
You may remember South Park: The Stick of Truth was announced last year and is an RPG
being developed by Obsidian, maker of Fallout: New Vegas. It was to be auctioned off to another
publisher today.
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 is seeking $2.3 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."
THQ has responded to these claims, noting that because the license was exclusive, it’s
eligible for sale. The publisher says it will "provide an appropriate evidentiary record
at the Sale Hearing” and allow the court to determine whether or not The Stick of Truth
is eligible to be included in the sale.
The auction was scheduled for 3:00 p.m. Eastern Time today, January 22.
Exactly why South Park is trying to halt the sale of the game would just be conjecture
at this point.
We'll continue following this strange story right here at IGN.