The lights are on
Sega is seeking nearly $1 million from the bankrupt publisher THQ for money generated from Company of Heroes 2 Steam preorders.
Sega purchased Relic Entertainment and the Company of Heroes IP in January for $26.6 million as part of THQ's bankruptcy sales.
According to the claim, Sega says it's owed a total of $941,710.93 from THQ. Of that amount, the company says $508,877.85 should be considered priority in the bankruptcy because Valve paid that amount to THQ the day after THQ filed for protection. The documents list 20,755 preorders between September 2012 and January 24, 2013. Those preorders amounted to $1,345,301.29, but were reduced to the $941,710.93 figure following Valve's 30-percent take of Steam sales.
Our TakeHere's what news editor Mike Futter has to say about the suit: "As THQ's assets were acquired by a variety of other publishers, the estate of the once-mighty publisher had an obligation to relinquish all revenue rights to the dispensed properties. This suit is hopefully no more than a nuisance for Sega, which is entitled to presale revenues for Company of Heroes 2. Unfortunately, due to the bankruptcy proceedings, Sega still needs to contend with other creditors and force its way to the front of the line by evidencing the revenue obligation as part of the sale."
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