THQ is done

Jarrod · Posted: Mon Jan 16, 2012 4:42 am�� Post subject: THQ is done

Ongoing developments being discussed here. Long and short of it;

- THQ has been in an financial shit hole for awhile for making one poor business decision after another. Their doom has been inevitable for some time.
- They've scrapped Warhammer 40K: Dark Millennium Online, their next big MMO.
- They've cancelled every game projected to launch in 2014 onwards.
- They apparently returned an IP to Disney with no attempt at reimbursement.
- They're talking with Asian studios about acquisitions/licenses/etc.

All games for 2014 onwards cancelled, simply put, means the company is not forecasting any game production at that point in time. Thus, the company is not interested in producing games, and is instead looking to pack up shop and sell stock.

THQ is over.

Here's a list of studios/ips that THQ own, that will have to elsewhere or disappear into the night.

- Relic Entertainment (Homeworld, Company of Heroes, various Warhammer 40,000 games)
- Vigil Games (Darksiders series. Was working on WH40K MMO)
- Volition (Saints Row, Red Faction)
- Homefront franchise, last of which was apparently getting a sequel at the hands of Crytek
- inSANE, made by Volition, and directed by Guillermo del Toro
- THQ Montreal, a huge studio founded with Assassin's Creed creator Patrice Desilets
- Devil's Third, Itagaki's new game

Some stuff might see a release. Metro: Last Light, Darksiders II, and everything scheduled for 2012 will definitely be released for sure. 2013 titles like Devil's Third and inSANE? Really hard to say. If they think the investment is worth the final pay out, then yes. If they figure its better to cut their losses given this ship has well and truly sailed, either might get cut given they're still a year away.

Who knows where people will end up.
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myzz · Posted: Mon Jan 16, 2012 7:16 am�� Post subject:

Interesting. I wonder what's going to happen with the future UFC games after undisputed 3 :O
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Vervain · Posted: Mon Jan 16, 2012 9:48 am�� Post subject:

Wow, they really managed to fuck that up.

With all the complaints that Microsoft isn't churning out enough exclusives, this would be the perfect time for them to buy up some IPs/studios and fix that. They definitely have the money for it.
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Mike\ · Posted: Mon Jan 16, 2012 9:56 am�� Post subject:

After picking up Rare, MS would have to be a bit weary about picking up new studios though

LeonJ · Posted: Mon Jan 16, 2012 9:59 am�� Post subject:

No loss really to me really, I haven't played a THQ game for a long long time.
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Vervain · Posted: Mon Jan 16, 2012 9:59 am�� Post subject:

Benza · Posted: Mon Jan 16, 2012 10:13 am�� Post subject:

Spacecow · Posted: Mon Jan 16, 2012 10:48 am�� Post subject:

Shame to hear about the 40k brand which they did a lot of good stuff with. Dawn of War was an excellent RTS and I thoroughly enjoyed Warhammer: Space Marine and was looking forward to a sequel.
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StorminNorman · Posted: Mon Jan 16, 2012 10:57 am�� Post subject:

Wow, Saints Row 3 must have flopped hard.
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GooberMan · Posted: Mon Jan 16, 2012 11:00 am�� Post subject:

ITT: StorminNorman shows a thoroughly naive view of the world by thinking 2.6 million sales of one game can prop up a global corporation with offices on several continents.
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Vervain · Posted: Mon Jan 16, 2012 11:01 am�� Post subject:

StorminNorman · Posted: Mon Jan 16, 2012 11:05 am�� Post subject:

ITT GooberMan takes everything he reads with absolute seriousness.
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GooberMan · Posted: Mon Jan 16, 2012 11:23 am�� Post subject:

ITT: StorminNorman fails at sarcasm. Twice.

</derail>
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Spacecow · Posted: Mon Jan 16, 2012 11:35 am�� Post subject:

ITT: We don't write 'ITT' anymore because it is clearly in this thread and not another.

Going back to the topic at hand...
I'd envisage Relic being bought by a decent publisher, surely? As I said their 40k stuff was top notch.
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Benza · Posted: Mon Jan 16, 2012 11:38 am�� Post subject:

yeah I don't see Voalition going under either, Saints Row is way too big.
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Frozencry · Posted: Mon Jan 16, 2012 11:46 am�� Post subject:

Pretty crazy news. Hopefully Relic, Volition and Vigil continue onwards somewhere else in healthier fashion, as all three are really excellent developers.
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admeister · Posted: Mon Jan 16, 2012 11:47 am�� Post subject:

Yeah, I can see another company such as MS or Sony snapping up Volition, they've been doing a great job with the Saints Row series. I'd like to see the Red Faction series continue too, but we'll see.

Hopefully Itagaki's game will make it through this, I've been looking forward to seeing how Devil's Third turns out.
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grim-one · Posted: Mon Jan 16, 2012 12:03 pm�� Post subject:

2007: Stock price $30
2009: Stock price $5
2011: Stock price $5
2012: Stock price 66c. Market cap $45million

GFC hit these guys hard. Looks like they really struggled over the last year. A buyout isn't impossible, they cap isn't terribly high.

Here's hoping Relic get to keep doing their WH40K thing.
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sobriquet835 · Posted: Mon Jan 16, 2012 12:07 pm�� Post subject:

I'm hoping Volition stays as a 3rd party dev. I'd hate for people to miss out on stuff like Saints Row due to exclusivity. But yeah, they're a cert to get picked up, seeing as they came up with Geo-Mod as well, which was a big deal at the time.

Pagan's Mind · Posted: Mon Jan 16, 2012 12:11 pm�� Post subject:

I hope Devil's Third makes it out of this.

DancesInUnderwear · Posted: Mon Jan 16, 2012 12:13 pm�� Post subject:

Saints Row....

Hopefully those guys can get a second chance somewhere. They're clearly too mentally unstable to work a normal job.
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Vervain · Posted: Mon Jan 16, 2012 12:24 pm�� Post subject:

Venom_TAG · Posted: Mon Jan 16, 2012 1:21 pm�� Post subject:

Wonder where the WWE games will be heading.
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Mike\ · Posted: Mon Jan 16, 2012 2:05 pm�� Post subject:

Vigil is all I care about D:

Benza · Posted: Mon Jan 16, 2012 2:25 pm�� Post subject:

you don't want a survival horror game made by Guilmero Del Toro?
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