Tomonobu Itagaki — the former Dead or Alive creator who reimagined the Ninja Gaiden franchise — has retrieved the rights to his current project, Devil’s Third, from THQ after it was dropped from the publisher’s development lineup.
The good news is that THQ is doing right by Itagaki and returning the rights and allowing the Valhalla Game Studios to decide the IP’s fate. Devil’s Third has had a rocky development, first losing its middleware engine developer, and now losing its publishing deal. Itagaki is clear that there is no bad blood between him and THQ, and considering the publisher’s recent financial struggles, it should come as no surprise that some games would be negatively affected.
Let’s hope that Itagaki and Valhalla can find a new publisher.