Max Payne 3 - Multiplayer

Max Payne 3 - Multiplayer

Preview by Luke

Kinect Star Wars

Kinect Star Wars

Review by Cav

The Walking Dead

The Walking Dead

DLC Review by Mirne

Is THQ Going Bye Bye?

News from Tom - Tuesday, 17 January 2012 @ 10:31am

Is THQ Going Bye Bye?

If you follow anyone involved with the game industry on Twitter, you may have read something about the closure of THQ, the cancellation of Dark Millennium Online and a very poor share price. THQ Australia has now come out and said that all is well (except the stocks).

THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO. As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids' boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.

We can all give a sigh of relief. Or can we? The spiel is a bit ambiguous regarding the MMO (we all know it's Dark Millennium) and it's recognised that THQ has been going through a rough patch.

It then continues:

Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the #5 publisher overall, #4 third party, with reported sell through growing over 18% in a market that was down almost 6%. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.

While that sounds hunky-dory, this chart tells otherwise (I blame Homefront). Personally, I'd hate it if THQ was planning to sell itself off. They own the rights to Company of Heroes, Homeworld and the Games Workshop licence. Still, the potential ruination of the 40k universe by DMO may be averted.

Be alert for updates, as I'm sure this isn't over yet.



Discuss in official forum

Have your say

Guest posting temporarily disabled due to spam.



Latest from Forum

poison_element @ 1:22am 1 Feb

[url="http://www.computerandvideogames.com/333943/thq-threatened-with-stock-exchange-delisting/"]THQ threatened with a stock delisting[/url]

[url="http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1328018958069&chddm=98532&chls=IntervalBasedLine&q=NASDAQ:THQI&ntsp=0"]They have been on a steady decline for a while now[/url]

Their market cap is just under 50 million which is probably the same as a lot of AAA game budgets these days.

John @ 1:24pm 30 Jan

Thq Australia just made 14 employees redundant!

John @ 1:18pm 30 Jan

Thq Australia just made 14 employees redundant!

BrutalGod @ 12:55pm 19 Jan

Looks like someone made a pile of cash short selling THQ stock.

Moondogg @ 11:56am 18 Jan

With some of the recent aquisitions THQ of made this is likely just false. Anyway any licences/projects that THQ had that anybody cares about would get picked up by another dev/publisher if this were true anyway.