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Sega chasing pre-order money from THQ

Sega chasing pre-order money from THQ

Company of Heroes 2 was released at the end of last month and has proved mostly successful with critics.

Sega is demanding $941,000 in pre-order money from bankrupt publisher THQ for Company of Heroes 2.

The claim was filed on July 2 and the amount constitutes what Valve paid out to THQ for pre-orders of the title bought through Steam. The sum was made up of 20,755 pre-orders made between September 2012 and January 2013.

Of the total amount, just over $500,000 has been identified as paid to THQ after it filed for bankruptcy. Sega has therefore claimed it has priority over other creditors for this money.

Sega is not the only company trying to recover debt from THQ. The list of other creditors includes Microsoft, Double Fine and UFC with the combined list owed more than $200m.

After a year of financial difficulty, THQ filed for Chapter 11 bankruptcy back in December and subsequently auctioned off its studios and IPs in a series of auctions. Sega bought up Relic Entertainment and the rights to Company of Heroes in January for $26.6m during THQ's first auction. Through the bid, they beat Zenimax who offered $26.3m

Several of THQs other assets found new homes at the same time including Saints Row developer Voilition which went to Koch Media, the rights to the in development South Park RPG went to Ubisoft and Crytek bought the rights to Homefront, allowing them to self publish the sequel that they were already working on.

Company of Heroes 2
was released with Sega as the publisher at the end of June to a warm critical reception. The final stages of the title's production were overseen by Total War developer Creative Assembly's studio director Tim Heaton, who is now heading up the studio following the departure of its former head Alex Peters.

3 Comments

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TheStockBroker 10th July 2013, 14:24 Quote
Quote:
Originally Posted by Meanmotion
Sega bought up Relic Entertainment and the rights to Company of Heroes in January for $2.6m during THQ's first auction. Through the bid, they beat Zenimax who offered $26.3m

Can you clarify the figures here please? Did Sega offer 26.6?
Pieface 10th July 2013, 14:27 Quote
I'm sure these articles are never proof read.
Baz 10th July 2013, 19:23 Quote
Quote:
Originally Posted by Pieface
I'm sure these articles are never proof read.

Calm down, just a missing digit. Sega did indeed offer $26.6m for Relic.
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