THQ in bad shape

Stelly · 6 Nov 2012 at 09:14

It looks like we might have one of the first publishing casualties of this year:

http://www.gamesindustry.biz/articles/2012-11-06-thq-faces-bleak-future-of-sale-or-bankruptcy

Troubled publisher THQ is likely facing a sale or bankruptcy, following continued poor financial results.

The company has appointed Centreview Partners to find "strategic and financing alternatives" for the company - a term associated with the search for a sale. Following second quarter financial losses of $21 million yesterday, the firm refused to take calls from investors on the advice of Centreview.

Shame really I quite liked Saints Row and Darksiders, was also looking forward to Metro Last Light

Stelly

KautoStar · 6 Nov 2012 at 09:15

What does this mean for coh 2 isn't that THQ?

Stelly · 6 Nov 2012 at 09:18

KautoStar said:
What does this mean for coh 2 isn't that THQ?

I'm hoping that both COH 2 and Metro will get picked up by another Publish since they are both close to release...

Stelly

Admiral Huddy · 6 Nov 2012 at 09:19

It is,

The company has delayed three games - South Park: The Stick of Truth, Company of Heroes 2 and Metro: Last Light - and refused to offer guidance.

I'm sure someone else will take the franchise but the other hand, who'll offer the support?

'Wes · 6 Nov 2012 at 09:19

Oh dear, i hope Metro survives.

physichull · 6 Nov 2012 at 09:19

Admiral Huddy said:
It is, I'm sure someone else will take the franchise.

And hopefully not ruin it....

Richdog · 6 Nov 2012 at 09:20

Damn this sucks, how can they be bankrupt when they are the publisher of such popular hit games?

4T5 · 6 Nov 2012 at 09:22

second quarter financial losses of $21 million

Good effort.

The company has delayed three games - South Park: The Stick of Truth, Company of Heroes 2 and Metro: Last Light - and refused to offer guidance.

COH 2.

Stelly · 6 Nov 2012 at 09:27

Richdog said:
Damn this sucks, how can they be bankrupt when they are the publisher of such popular hit games?

Can you name any big hits since Saints Row?

Stelly

Shamikebab · 6 Nov 2012 at 09:30

Such a shame, I've bought a lot of their games

elmuzzy66. · 6 Nov 2012 at 09:32

Well if thq gose **** up then ea or activison to buy the scrapps. I would die if ea bought the coh franchise

Energizer Bunny · 6 Nov 2012 at 09:34

They were supposedly relying on Darksiders 2 to save them and it didn't sell at all well.

Pity as they have some good IP in their portfolio. As has been said the good titles and developers will get sold off in an insolvency situation.

Yaayuh! · 6 Nov 2012 at 09:37

That doesn't sound good

:(Rhodri:) · 6 Nov 2012 at 09:42

Be a huge shame to see THQ go, they've got a lot of good developers under them.

Marine Iguana · 6 Nov 2012 at 09:49

Great, I hope someone picks up CoH2 was looking forward to that just hope it's not EA gives me shivers just thinking about it as I won't purchase it then.

nitram100 · 6 Nov 2012 at 10:17

Energizer Bunny said:
They were supposedly relying on Darksiders 2 to save them and it didn't sell at all well.

Pity as they have some good IP in their portfolio. As has been said the good titles and developers will get sold off in an insolvency situation.

If it came with co op I would have bought it.

Pestilence · 6 Nov 2012 at 10:29

Damn, what a shame. Always liked THQ's games.

Stelly · 6 Nov 2012 at 10:45

Energizer Bunny said:
They were supposedly relying on Darksiders 2 to save them and it didn't sell at all well.

Pity as they have some good IP in their portfolio. As has been said the good titles and developers will get sold off in an insolvency situation.

Yup I bought it and the graphics were aweful! I loved the first one.

Stelly

Diplexbullet19 · 6 Nov 2012 at 10:47

How is this possible? its like bullfrog all over again

SickoJay · 6 Nov 2012 at 10:58

Doesn't sound good!

Its a real shame.