Yesterday Koch Media acquired the intellectual property rights for two of THQ’s popular franchises. It also acquired the Chicago based development studio Volition in a closed auction as THQ was dissolved and its properties sold off to various bidders.
The Metro and Saints Row franchises were sold to Koch Media, Deep Silver (their internal publishing powerhouse) will be leading all further development and marketing on these two franchises. Koch Media and Deep Silver are said to be planning to roll out future plans for each franchise in the coming months.
Reports indicate that the Volition Studio and Saints Row IP sold for $22.3 million and the Metro franchise for $5.8 million. In both cases Koch Media cast a higher bid than Ubisoft and won the auction.
CEO of Koch Media Dr. Klemens Kundratitz commented, “Koch Media welcomes the addition of these magnificent franchises to the Koch Media family of entertainment properties. With more than 200 games on notable platforms globally, and its proven success creating renowned franchises like Dead Island, Deep Silver is perfectly positioned to lead these brands into the next generation of interactive entertainment for fans around the world.”
“These franchises hold a special place in the hearts and minds of anyone who loves exceptional video games,” said Geoff Mulligan, COO of Deep Silver, Inc. “We’re thrilled to usher in a new era for these franchises and are proud to welcome the visionaries and talented forces at Volition on board.”
Read El33tonline’s report on THQ to find out more details about the auction.