Koch Media/Deep Silver officially announced today it has secured the intellectual property rights for two THQ franchises: Saints Row and Metro. It has also obtained Volition, the Chicago-based development studio responsible for Saints Row.
"These franchises hold a special place in the hearts and minds of anyone who loves exceptional video games," said Deep Silver COO Geoff Mulligan. "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."
Although Deep Silver doesn't mention the cost of these acquisitions, the Saints Row IP and Volition Studio sold for $22.3 million, according to documents obtained by Joystiq, while the rights to Metro 2033 and upcoming sequel Metro: Last Light sold for $5.9 million. Deep Silver will elaborate upon future plans for each franchise in the coming months.
KOCH MEDIA/DEEP SILVER ACQUIRES INTELLECTUAL PROPERTY RIGHTS FOR SAINTS ROW & METRO, ALSO ACQUIRES NORTH AMERICAN DEVELOPMENT STUDIO VOLITION IN CLOSED THQ AUCTION
Koch Media-owned Publisher Deep Silver Takes the Reins on the Two Dominant and Beloved Interactive Entertainment Franchises
Planegg, Germany / Larkspur, CA ? JANUARY 23, 2013 ? Koch Media, a leading independent producer and marketer of digital entertainment products in Europe and North America, announced today that it has secured the intellectual property rights for two of the most popular and successful THQ franchises, Metro and Saints Row, as well as Chicago-based development studio, Volition, as THQ continues to liquidate its assets in closed auctions this week.
Deep Silver, Koch Media's international publishing powerhouse, will lead all further development and marketing on the Saints