Itagaki Regains Rights To Devil's Third IP

by Jeff Cork on Jul 05, 2012 at 05:05 AM

THQ has returned the rights to Valhalla Studios' action game Devil's Third. According to the game's creator, Tomonobu Itagaki, he's anguished by the move but grateful for the IP transfer.

The game's future at THQ was in doubt back in May, with reports that the creator of the game's engine folded and that the publisher had doubts that the game would be profitable.

"THQ confirms that the company will not be publishing Devil's Third," the publisher told Eurogamer. "All of the game's IP rights have been returned to Itagaki-san and the Valhalla team."

Itagaki explained in an interview with Famitsu magazine that he's appreciative of former THQ president Danny Bilson's efforts to keep the game alive. In the end, however, both sides agreed that transferring the contract back to Valhalla would be best for both companies.

Devil's Third is still in development, and Itagaki says it's entering its final stages.