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THQ Wipes Out Games Planned for 2014 to Ready Itself for Sale, Says Games Insider

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

Kevin Dent, a games industry veteran, tweeted late yesterday that THQ had canceled an MMO it was developing under license from The Games Workshop, meaning Warhammer 40,000: Dark Millenium Online (pictured above). Dent went on to say that the publisher had also canceled 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 $6 this time last year.

Games THQ publishes under license include the Warhammer 40,000 series as well as the WWE and UFC lines, both of which are under exclusive license. 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.

Kotaku has contacted THQ representatives for comment. Any they make will be updated here.

WTF???

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É o que dá disparar para tudo o que mexe...

Se aproveitasse o talento que tem para lançar apenas alguns bons jogos em vez de muitos mais ou menos, talvez conseguissem ganhar dinheiro.

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THQ Says it has "Not Cancelled" its 2014 Lineup

Over the weekend, a giant rumour popped up claiming that major publisher THQ was effectively done for. Specifically, it suggested the company's entire 2014 lineup had been shelved, and that its major MMO project based on the

Warhammer 40K franchise had been binned.

Today, THQ refutes those rumours.

The company's statement in full reads:

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.

Ignore the second paragraph, it's all marketing. It's the first you should focus on. Specifically, the first sentence.

One thing, the fact there'll be some kind of 2014 lineup, is very clearly stated. No room for argument. The exact future of Dark Millennium, the forever-in-development MMO based on Warhammer 40K, is not clearly stated. It's downright ambiguous.

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  • 3 weeks later...
  • 10 months later...

Aí está o fim anunciado:

THQ files for bankruptcy

Struggling publisher files for Chapter 11 bankruptcy and has entered into asset purchase agreement with bidder to sell all of company's assets, including four wholly-owned studios and games.

Beleaguered Saints Row publisher THQ has filed for Chapter 11 bankruptcy, the company announced today. It has entered into an asset purchase agreement with a bidder to acquire "substantially all of the assets of THQ's operating business." This includes the company's four wholly-owned studios and games in development.

"The sale will allow THQ to shed certain legacy obligations and emerge with the strong financial backing of a new owner with substantial experience in software and technology," the company said in a statement.

@http://www.gamespot.com/news/thq-files-for-bankruptcy-6401772

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Espero bem que façam. O 1 é ainda um dos melhores RTS de sempre.

Pela notícia, a empresa não desaparece, vai ser vendida e depois reanalisam os projectos mas como é a sequela dum grande jogo duvido que não continuem.

Edited by justiceer
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A noticia diz que há um "bidder" que está envolvido num acordo para vender a maior parte da propriedade da THQ. O CoH deverá estar incluído.. Agora depende de quem for esse "bidder". Se for uma EA.. well, shitstorm incoming.

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  • 1 month later...

The Letter The CEO Sent Employees Today.

Today, THQ was officially sold and auctioned off. Within the next few weeks, the company will be no more.

The company's assets have been divided, pending final court approval: Sega agreed to purchase Relic (Company of Heroes), Koch Media has agreed to purchase Volition (Saint's Row) and the Metro property, Crytek has agreed to buyHomefront, Take-Two will purchase the unannounced game Evolve, and Ubisoft will buy THQ Montreal and the South Park game.

Here's the letter that THQ's CEO and president sent to all employees, passed along to us from a former THQ employee:

To All THQ Employees:

We now have the answers we've been seeking through our financial restructuring and
Chapter 11 case. While much will be written, here are the facts of the bids and auction
that occurred t:

  • Yesterday morning, we received a competing bid for the operating business,
    along with Clearlake's offer, and numerous offers for separate assets.
  • During an auction process that lasted over 22 hours, the final conclusion was
    that the separate-asset bids would net more than a single buyer for the majority
    of the company.
  • Shortly, we will, present the results to the U.S. Bankruptcy Court, which must
    concur with our assessment.
  • The proposed sales of multiple assets is as follows :
  • Sega agreed to purchase Relic
  • Koch Media agreed to purchase Volition and Metro
  • Crytek agreed to purchase Homefront
  • Take 2 agreed purchase Evolve and
  • Ubisoft agreed to purchase Montreal and South Park

We expect these sales to close this week.

Some assets, including our publishing businesses and Vigil, along with some other
intellectual properties are not included in the sale agreements. They will remain part of
the Chapter 11 case. We will make every effort to find appropriate buyers, if possible.

What this means for employees

We expect that most employees of the entities included in the sale will be offered
employment by the new owners. However, we cannot say what these owners may
intend, and there will likely be some positions that will not be needed under the
new ownership. You should receive notice this week or early next week if the new
owners intend to extend employment to you. Please note that the terms of your new
employment, including pay and benefits, may be different from the current terms of
your employment with THQ.

If you are an employee of an entity that is not included in the sale, we regret that
your position will end. A small number of our headquarters staff will continue to be
employed by THQ beyond January 25 to assist with the transition. THQ has sufficient
resources to pay these employees for work going forward, and we will be contacting
these employees immediately to ensure their continued employment during this
transition period. We are requesting the ability to offer certain severance pay to
minimize disruption for employees of non-included entities as they determine the next
steps in their careers.

We know you will have many questions about this news. We'll be meeting tomorrow
when we return to talk through this announcement and to answer any questions you
have. You will receive a benefits fact sheet and FAQs with answers to some questions
that may be on your mind. Please review these materials closely.

A personal note

The work that you all have done as part of the THQ family is imaginative, creative,
artistic and highly valued by our loyal gamers. We are proud of what we have
accomplished despite today's outcome.

It has been our privilege to work alongside the entire THQ team. While the company
will cease to exist, we are heartened that the majority of our studios and games will
continue under new ownership. We were hoping that the entire company would remain
intact, but we expect to hear good news from each of the separate entities that will be
operating as part of new organizations.

For those THQ employees who are part of entities that are not included in the sale, we
are confident that the talent you have displayed as part of THQ will be recognized as you
take the next steps in your career.

Thank you all for your dedication and for sharing your talent with the THQ team. We
wish you the best of luck and hope you will keep in touch.

Sincerely,

Brian Farrell
Chief Executive Officer

Jason Rubin
President

http://kotaku.com/5978429/this-is-the-letter-that-thq-sent-to-employees-today

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Má gestão! Uma companhia tão grande que não consegue lançar um top seller...

Fica-se pelos wrestlings, openworlds de segunda e FPS daqueles que ninguém joga e ninguém se lembra que alguma vez existiram.

Para uma companhia tão grande, é muito pouco. Se calhar se não atirassem para tudo e se focassem numa grande franchise, talvez conseguissem...

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Má gestão! Uma companhia tão grande que não consegue lançar um top seller...

Fica-se pelos wrestlings, openworlds de segunda e FPS daqueles que ninguém joga e ninguém se lembra que alguma vez existiram.

Para uma companhia tão grande, é muito pouco. Se calhar se não atirassem para tudo e se focassem numa grande franchise, talvez conseguissem...

Mas os jogos de wrestling deviam ter boas vendas. Até porque os jogos estavam muito bons.

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Não são eles que publicam os warhammer?

Nunca joguei nenhum, mas tenho ideia que são muito bem conceituados...

É mais "fama" que proveito.

Eu sou fã, adorei os Dawn of War todos (1 e 2) e até os tenho todos originais, mas parece que fica sempre aquém das expectativas...

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