THQ Inc. and four affiliated businesses filed for Chapter 11 protection Dec. 19 in the U.S. Bankruptcy Court for the District of Delaware (In re THQ Inc., Bankr. D. Del., No. 12-13398, petition filed, 12/19/12).
The press release further stated that debtor-in-possession financing of approximately $37.5 million will be provided by Wells Fargo and Clearlake. Looking to the debtor's future, THQ's president Jason Rubin stated, “We look forward to partnering with experienced investors for a new start as we will continue to use our intellectual property assets to develop high-quality core games, create new franchise titles, and drive demand through both traditional and digital channels.”
The creditors with the largest unsecured claims, and the amounts of the claims, follow: Wilmington Trust N.A., $101,902,173; World Wrestling Entertainment Inc., $45,076,041; Yuke's Co. Ltd., $17,771,188; Mattel Inc., $12,750,000; Viacom International Inc., $10,000,000; Jakks Pacific Inc., $4,000,000; Microsoft Licensing Inc., $2,911,684; Starcom MediaVest Group Inc., $2,628,869; Zuffa LLC, $1,928,772; Technicolor, $1,663,127; Pipeworks Software, $1,121,366; Sony Pictures Television, $793,662; Lucasfilm Ltd., $267,105; Acquia, Inc., $251,758; Binari Sonori S.R.L., $244,734; MediaVest Worldwide, $221,536; Transavision Ltd., $184,047; ImaginEngine, $165,057; Mosaic Sales Solutions, $114,370; Frame Machine, LLC, $110,364; Random House Inc., $100,000; Microsoft Ireland Operations Ltd., $97,534; Ms MCC Highland, LLC, $91,176; Machinima, Inc., $80,755; High Voltage Software, Inc., $72,000; WorkforceLogic LLC, $70,826; House of Moves, $65,467; Rokkan, LLC, $62,500; Winking Entertainment Ltd., $51,975; Lieberman Research Worldwide, Inc., $50,000; Media Planning Group USA LLC, $50,000; Deloitte & Touche LLP, $50,000, American International Relocations, $49,786; NBC Universal Television Distribution, $49,294; Games Workshop Ltd., $48,512; Electronic Entertainment Design, $44,000; Oxford Realty & Holding LLC, $42,515; Technicolor, $34,270; JCCE-Palomar, LLC, $34,258; and Hammer Creative, $32,500.
Michael R. Nestor of Young Conaway Stargatt & Taylor, LLP, Wilmington, Del., represents the debtor.
Full text of the Chapter 11 petition is available at: /uploadedfiles/BNA_V2/Images/From_BNA_V1/News/THQ(1).pdf
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)