Over the course of the weekend, specifically on January 15th, rumors began to pop up concerning the future fate of THQ, the game publishing company. THQ is responsible for titles like Saints Row, Homefront, Darksiders, UFC, all of the wrestling games you play today, Red Faction and, perhaps less famously, the uDraw Tablet. Kevin Dent, IGDA Mobile SIG lead, began Tweeting some potentially condemning news for the publisher.

According to Dent, THQ cancelled all of the games they were planning to launch in 2014 and are looking to sell themselves off to new owners, effectively going away as we know them today. He divulged the information in a series of Tweets spread over several hours (check his timeline, the man tweets like a maniac!).

THQ’s PR company has denied all of these allegations. For the sake of maintaining the feel of what they released to VG247 as a statement regarding these happenings, here it is in its entirety as offered by the gaming news site:

THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO…

As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.

Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the #5 publisher overall, #4 third party, with reported sell through growing over 18% in a market that was down almost 6%. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.

Amidst the boasting of what’s to come for the publisher is some news that, in my opinion, should delight more diehard gamers; THQ plans to focus on “high-quality core games.” That means we can expect more from the company that brought us Darksiders and Saints Row: The Third.

In the face of falling profits, that’s good news.

[via Twitter]