Heritage
Global Partners (“HGP”), a global leader in asset advisory, auction
services and a subsidiary of Heritage Global Inc. (OTCQB: HGBL), today
announced that reflecting a very strong response from interested
potential buyers – including leading domestic and international game
development interests – its upcoming auction sale of all video game and
related intellectual property rights to the “Amalur” fantasy universe
(38 Studios), “Rise of Nations,” and “Rise of Legends”” (Big Huge
Games), and other related video game technology assets, is being moved
to December 11, from its original November 13-14 sale dates.
Richard J. Land is Court-Appointed Receiver for the assets of 38
Studios, LLC, 38 Studios Baltimore, LLC, Mercury Project, LLC and
Precision Jobs, LLC, overseeing the Receivership (Rhode Island Superior
Court Case Nos. P.B. 12-4095, P.B. 12-4096, P.B. 12-4097, P.B. 12-4098)
sale of all video game and video game related intellectual property
rights owned by Rhode Island-based 38 Studios, which was founded by
Major League Baseball pitcher Curt Schilling.
Bid Deadline
The deadline for submitting initial bids as per the court approved Bid
Procedures, is 5 pm ET on December 4, 2013. A Potential Bidder
must deliver fully-completed and signed copies of the Participation
Requirements by email to: (a) Receiver, Richard J. Land, Esq., (rland@crfllp.com),
and (b) Nick Jimenez (njimenez@hgpauction.com).
Assets offered include:
-
Intellectual property rights in the “Amalur” fantasy universe
including:
- “Project Copernicus” an in-development Massively Multiplayer
Online Role Playing Game (MMORPG) including a 10,000 year world history,
completed character “races” and playable “zones.”
- Sequel rights to the critically acclaimed “Kingdoms of Amalur:
Reckoning,” including development concepts, game artwork and designs.
- Merchandise rights and revenue streams associated with the Xbox 360,
PS3 and PC title “Kingdoms of Amalur: Reckoning.”
-
Intellectual property rights in Big Huge Games’ properties including
the classic PC strategy title “Rise of Nations” as well as “Rise
of Legends.”
-
In house developed video game technology including the “Big Huge Games
Engine” and 38 Studios’ gaming, social media and development platform
codenamed “Helios.”
38
Studios Auction - online auction sale led by Heritage
Global Partners
Date [note new date/time]: December 11, 2013 (Begins 10 am ET)
Nick Jimenez, Executive Vice President of Heritage Global Partners,
stated, “We are delighted by the strong interest coming from game
developers and investors. In response to inquiries, we have a special
team working on authenticating what assets are included for each game.
In addition to the strong response leading to the postponement of the
auction, we have committed to ensuring all interested parties have
sufficient access and time to evaluate the technical materials in
advance of the sale.
“Additionally, through the examination of the data contained on the 38
Studios servers, we have discovered a completed, but unreleased game for
Mac users titled ‘Rise of Nations: Tactics.’ We only became aware of
this game this past week through our own due diligence efforts,” added
Mr. Jimenez.
Led by auction industry pioneers Ross and Kirk Dove, Heritage
Global Partners is one of the leading worldwide asset advisory and
auction services firms, assisting companies with buying and selling
assets. HGP specializes in asset brokerage, inspection, and valuations,
industrial equipment and real estate auctions, and much more. HGP is a
subsidiary of Heritage
Global Inc.
Copyright Business Wire 2013