THQ acquires rights to Juiced? - briefly
(hx) 09:37 PM CEST - Oct,07 2004
- Post a comment According to
this article at New York Newsday, the federal bankruptcy judge last night
approved a tentative agreement to allow bankrupt Acclaim Entertainment to sell
the rights of its anticipated street racing game
Juiced (demo)
to California video game publisher THQ. The deal is worth up to $10.5 million.
A federal bankruptcy judge last night approved a tentative agreement to allow bankrupt Acclaim Entertainment to sell the rights of its anticipated street racing game "Juiced" to California video game publisher THQ. The deal is worth up to $10.5 million. In federal bankruptcy court in Central Islip, Judge Stan Bernstein turned down a request by Electronic Arts, the world's largest game maker, to bid, telling the company it was too late.
Instead of releasing the game right away for the Christmas season, THQ, which paid $500,000 more than an earlier bid, agreed to continue developing it to eliminate some technical problems.
The deal was supposed to be completed last week, but since the filing, other parties have objected. Under the deal, $4.5 million would go to Scotland-based Fund4Games, which financed development of "Juiced" and said it never received payment from Acclaim. Fund4Games, though, said it's owed more than that, and that it should be entitled to royalties. Other objections were on the grounds that other companies should be given more time to review the game and make competing bids.
Update: (Oct.8th)
This THQ press release confirms the New York Newsday story yesterday that they have now bought the publishing rights to Juiced, the urban racing game from developer Juiced Games. THQ plans to release "Juiced" for the PS2, Xbox and PC in summer 2005.
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