More on THQ
Financial calls with gaming publishers are typically lengthy. From start to finish, they tend to run around an hour. According to those who listened in to THQ’s call today, the publisher talked for 12 minutes. They wouldn’t even allow for questions. In those 12 minutes, the notes for which you can read by hitting the […]
Despite the game’s negatively mixed critical reception, THQ never lost faith in their Homefront product. This FPS offering seemed to do fiscally well in the face of mostly low review scores. The company’s publisher constantly insisted that there was more to the title’s universe to be explored. But that doesn’t necessarily mean that they believed Kaos Studios […]
THQ has officially “filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Delaware,” according to a brand new press release. The company has been struggling for a long time now, and it appears that THQ has been forced to enter into an Asset Purchase Agreement with the Clearlake Capital Group. The […]
Things have just gotten a bit darker for the troubled game publishing giant that is THQ. The company, in the wake of poor financial reports, has seen significantly decreased stock value over the last few months. It’s now so low that NASDAQ has given them a time limit to improve before removing the THQ listing. […]
So now, rather than keeping THQ intact and letting them go at least partially about their business under the wing of a huge capital firm, they face the risk of being torn apart by an auction being held this January 22nd. All of their most valuable properties are up for grabs, including some high end titles like Darksiders, Company of Heroes, Saints Row, and Metro. Not a bad line-up considering the financial trouble they’ve stumbled upon.
Warner Bros. is amongst the nine companies who have approached THQ for at least a partial buyout of one of their properties. EA, who THQ turned over their UFC license to last year, is also in the hunt for a new franchise or two. Might as well pick them up for a bargain price.
The only way for THQ to make it out of this intact is if the bids from the buyers exceed the price offered by the Clearlake Capital Group. In the cutthroat world of business, I have no doubt that EA and Warner Bros. will be able to cooperatively strip THQ of its most valuable properties and leave a decent publisher out in the cold. January 22nd will be the day of reckoning for THQ, but things are not looking up at the moment.
Seems rather ironic that their last huge release starred Death, doesn’t it?
How about it? Let Volition, Relic, and Vigil games continue to work on their franchises with the limited resources, or do we let a huge entity like EA take them an possibly turn them into something for the better or for the worse? Should EA and Warner Bros. give jobs to the developers who made these brand names valuable in the first place?