THQ Wipes Out Games Planned For 2014 To Ready Itself For Sale, Says Insider

Final8y

Final8y

Final8y

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Rumour spreading fast via Twitter on Sunday holds that THQ has cancelled its entire 2014 slate of releases to position the company for sale.

Kevin Dent, a games industry veteran, tweeted late yesterday that THQ had cancelled an MMO it was developing under licence from The Games Workshop, meaning Warhammer 40,000: Dark Millenium Online (pictured above). Dent went on to say that the publisher had also cancelled all projects due for release in 2014 and was in the process of returning intellectual property to their licensors.

The purpose, Dent alleges, is to ready THQ for sale. “I am hearing everything (in 2014 is canceled), they need to preserve cash,” he said. Dent noted THQ’s stock price is around 66 cents; it was about $US6 this time last year.

Games THQ publishes under licence include the Warhammer 40,000 series as well as the WWE and UFC lines, both of which are under exclusive licence. Other games THQ publishes include the Red Faction and Saints Row series. In October 2010, it opened a studio in Montréal, luring away Patrice Désilets from Ubisoft, where he had been creative director of Assassin’s Creed.
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http://www.kotaku.com.au/2012/01/th...r-2014-to-ready-itself-for-sale-says-insider/
 
Why would it cancel games to sell the company? Surely anyone buying them would want a solid product development portfolio already in place? Otherwise you're just buying a name? And lets face it, THQ is not really a name anyone would want to buy!
 
dbmzk1 said:
Why would it cancel games to sell the company? Surely anyone buying them would want a solid product development portfolio already in place? Otherwise you're just buying a name? And lets face it, THQ is not really a name anyone would want to buy!
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I guess it doesn't saddle any new owners with un wanted releases and then have to support those.
 
dbmzk1 said:
Why would it cancel games to sell the company? Surely anyone buying them would want a solid product development portfolio already in place? Otherwise you're just buying a name? And lets face it, THQ is not really a name anyone would want to buy!
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Indeed, it just reduces it to selling their back catalogue effectively which is hmmmmm.
 
What a waste. I really liked THQ. I hope if they get taken over it's by ubisoft or similar.

If they get absorbed by activision or EA it will be a sad day for gaming. It still fustrates me that two giant "villains" in the games industry are allowed to flourish in such a way due to the uninformed masses.

I can only hope that one day they'll go too far and destory themselves and that any good developer will be able to get far away from the wave that will follow.
 
The interesting one for me would be if Valve came in to pick up the pieces. Would set them up nicely for an expanded console line, most of the PC games are already on steam and I would finally be able to play WWE and UFC on PC :D
 
gropingmantis said:
Lets hope the new owners don't stop Steamworks games being sold on Steam in the UK.
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This tbh. I've no love lost with THQ over this debarcle.

Jokester said:
Indeed, it just reduces it to selling their back catalogue effectively which is hmmmmm.
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The DoW and CoH games still shift big numbers, and they've published a few gems like Metro and Titan Quest.

They haven't cancelled everything in production, just the 2014 releasing titles that a probably mostly not far out the starting blocks.
 
RollerBall said:
What a waste. I really liked THQ. I hope if they get taken over it's by ubisoft or similar.

If they get absorbed by activision or EA it will be a sad day for gaming. It still fustrates me that two giant "villains" in the games industry are allowed to flourish in such a way due to the uninformed masses.

I can only hope that one day they'll go too far and destory themselves and that any good developer will be able to get far away from the wave that will follow.
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So you'd rather have them bought out by the company which seems to think every single pc gamer pirates their games, puts on drm after drm after drm on their games, and have awful customer service than the two companies which only rush out games and don't have the greatest customer service.
Right.
Not saying I like any of them.. just seems a tad silly.
 
RollerBall said:
What a waste. I really liked THQ. I hope if they get taken over it's by ubisoft or similar.

If they get absorbed by activision or EA it will be a sad day for gaming. It still fustrates me that two giant "villains" in the games industry are allowed to flourish in such a way due to the uninformed masses.

I can only hope that one day they'll go too far and destory themselves and that any good developer will be able to get far away from the wave that will follow.
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lolwut? Ubisoft???? You actually want ubisoft to buy them???? The arch enemy of PC gaming?!
 
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