South Park Studios has formally objected to the inclusion of South Park: The Stick of Truth in today’s auction of THQ games. 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 Studios is seeking $2.275 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. THQ 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 is scheduled for 3:00 p.m. Eastern Time today.
Via Polygon
Andrew Goldfarb is IGN’s associate news editor. Keep up with pictures of the latest food he’s been eating by following @garfep on Twitter or garfep on IGN.
Source : ign[dot]com
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