SouthPeak earnings report reveals acquisition of ... something involving TNA Impact
Remember way back in August when THQ picked up around 40 percent of Midway San Diego (following that whole full collapse thing), but left off the TNA Impact property? It would appear that the reason for this exclusion was due to SouthPeak Games snatching up the license, as revealed by a recent Q1 2010 financial report released by the company.
The "acquisition" is first noted in the report's "Highlights of the Quarter" section. "Acquired in bankruptcy certain assets owned by Midway relating to video games based on the TNA iMPACT wrestling brand." We asked SouthPeak who would be in charge of developing the next game in that series, said in the report to be released "this year" (2010), and found out that such information has yet to be announced, unfortunately. Currently, SouthPeak is only known to be publishing TNA Impact: Cross the Line for the PSP and Nintendo DS.
When we explored the SEC filing from Midway on the sale, the wording got much more ambiguous. One notable exclusion from the $100k purchase is, "the TNA License and Sellers' rights thereunder." When we asked SouthPeak to clear up exactly what the company bought, we were told that, while it "can confirm the details of the release and filing," no comment is currently available – though we were assured that we'll be hearing more details "soon."
The "acquisition" is first noted in the report's "Highlights of the Quarter" section. "Acquired in bankruptcy certain assets owned by Midway relating to video games based on the TNA iMPACT wrestling brand." We asked SouthPeak who would be in charge of developing the next game in that series, said in the report to be released "this year" (2010), and found out that such information has yet to be announced, unfortunately. Currently, SouthPeak is only known to be publishing TNA Impact: Cross the Line for the PSP and Nintendo DS.
When we explored the SEC filing from Midway on the sale, the wording got much more ambiguous. One notable exclusion from the $100k purchase is, "the TNA License and Sellers' rights thereunder." When we asked SouthPeak to clear up exactly what the company bought, we were told that, while it "can confirm the details of the release and filing," no comment is currently available – though we were assured that we'll be hearing more details "soon."






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Reader Comments (Page 1 of 1)
Darth Bradwart, The Dark Lord of the Sith-ATDF Co-Founder @ Nov 13th 2009 11:08PM
Oh, good. The people responsible for Two Worlds is now developing Midway properties.
The Aquacharger (PSN:Elvenmonk) @ Nov 13th 2009 11:21PM
And Monster Madness
player66 @ Nov 14th 2009 12:06AM
Don't forget Velvet Assassin. Oh wait, they published Ninjatown for DS. All is forgiven. SouthPeak rules!
The Aquacharger (PSN:Elvenmonk) @ Nov 14th 2009 12:11AM
Well I was saying Monster MAddness for a plus. IT wa sso good I bought the PC and PS3 version.
CheesePirateAssassin @ Nov 14th 2009 12:15AM
No need to be down on SouthPeak.
They've developed 2 fantastic DS titles (Big Bang Mini, Ninjatown).
Most smaller publishers and even some bigger publishers, publishers bad games here and there. Although, I'll admit, I got some enjoyment out of Velvet Assassin. I am a HUGE stealth fan, though, and the brutal difficulty in certain parts made me really enjoy it. It was unpolished overall, though.
Also, check out Edge of Twilight. It's being published by SouthPeak. The main character is voiced by Mike Patton. The soundtrack, other VO, and steampunk visual design, look fantastic.
CheesePirateAssassin @ Nov 14th 2009 12:16AM
*publish
Crayfish @ Nov 14th 2009 5:45AM
Wouldn't exactly be much point of THQ purchasing the TNA license anyway. Given their involvement with WWE. Hell, I wouldn't even be surprised if they had the opportunity and passed on it for that reason.
Shame it's stuck with South Peak though. Wrestling games by their very nature seem to be incredibly hit and miss in terms of quality, and a questionable developer doesn't give me any more confidence. Would rather see it with EA, or AKI from the old days
oxymoronx420 @ Nov 14th 2009 11:47AM
Southpeak hasn't made a good console game yet.
I'm still entirely baffled as to why they haven't gone bankrupt.
Granger @ Nov 14th 2009 1:10PM
Monster Madness wasn't half-bad, and Legendary is seriously underrated. Roogoo is one of the best XBLA puzzle games out there too (just light on content). I'll also throw some much needed affection towards Hail to the Chimp, it was very playable.