Wednesday, December 19, 2012

THQ - Chapter 11 Filed

I’m really starting to feel the age of reckoning is coming. THQ has announced that they have filed for Chapter 11 bankruptcy. THQ currently owns 4 studios that developed Darksiders, Saints Row, and currently in development for South Park: The Stick of Truth (do want!), and a sequel to Company of Heroes.

The publisher is attempting to sell and restructure as needed in order to keep profits afloat. Basically they’re pulling an AmericanAirlines. The company is not going to stop current production and they have full intent on recouping their losses. This is more of a step to prevent the really bad bankruptcy that could happen with the way the gaming market has been lately.

Everyone will still keep their jobs for the time being, there just might be some new faces in the executive line-up and some different owners. We’re still getting The Stick of Truth, and another Darksiders. Past that, it’s up in the air.

2 comments:

  1. Oh boy, that's sad news indeed. I've been a fan of one of their games, especially the Dawn of War. Anyway, I'm sorry for being a bearer of bad news, but I heard an update stating that THQ is completely done. The company's game development studios and properties were sold individually at auction to bidders including Ubisoft, Sega, and Crytek. However, the fans have nothing to worry about as the games are not going to disappear.

    Jaden Allred

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    1. I was reading an article about this over at VentureBeat this morning. While it's sad to see THQ go, at least their properties will live on in some form or another. And who know; maybe they'll be revamped in good ways.

      Thanks for the comment!

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