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Latest News

THQ running out of cash, seeking 'strategic alternatives'

by Andrew Yoon, Nov 05, 2012 2:30pm PST

Related Topics – THQ

One of the side effects of delaying your entire slate of upcoming games is the lack of money. With Metro: Last Light, Company of Heroes 2, and South Park: The Stick of Truth all delayed, THQ is running out of money--and fast.

"Clearly, THQ faces a number of opportunities and challenges," THQ's Brian Farrell said in a recent financial report. "We also face challenges operating with limited capital resources in the highly competitive market for games, and we are working diligently to resolve those challenges."

The company is now seeking "strategic alternatives" to help the company stay afloat. According to VentureBeat's Dean Takahashi, that usually means the company is looking for buyers. A consulting firm, Centerview Partners, will help THQ determine the company's future course.

Unfortunately for THQ, Darksiders 2 did not help the company's bottom line. Sales were below expectations, in spite of having shipped 1.4 million copies.

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By: Shacknews x Show Full Post

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Andrew Yoon posted a new article, THQ running out of cash, seeking 'strategic alternatives'.

One of the side effects of delaying your entire slate of upcoming games is the lack of money. With Metro: Last Light, Company of Heroes 2, and South Park: The Stick of Truth all delayed, THQ is running out of money.

Nov 05, 2012 2:30pm PST

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Andrew Yoon posted a new article, THQ running out of cash, seeking 'strategic alternatives'.

One of the side effects of delaying your entire slate of upcoming games is the lack of money. With Metro: Last Light, Company of Heroes 2, and South Park: The Stick of Truth all delayed, THQ is running out of money. : Shacknews
Thread Truncated. Click to see all 49 replies.
- Really looking forward to Company of Heroes 2 and the South Park RPG. Can't say I've bought many THQ game... : Evan_C
- I wonder if Darksiders 2 would have been better served with keeping the game scope at the same size of th... : snubble100
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  how sad it is when shipping 1.4million units is still not enough. : mobab
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  Gee, I wonder why Danny Bilson left in May 2012. Of course, the flipside is that Jason Rubin has to clea... : the archvile
  - Jason Rubin is insane, they've been in a death spiral forever and I don't get why such an experienced guy... : node
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  As soon as they do an all-in-one GOTY of Darksiders 2 - I'm in. Until then - they'll see no money from... : abrasion
  - I'm wondering why the first DLC is taking forever. : Mad Brahmin Disease
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  shit, no good. I bought a ton of their stock @ 80 cents a share (and with reverse 10 to 1 split it's trad... : judge
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    Dude, why? Terrible idea, there've been no good signs from these guys in forever. They make some good gam... : node
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      SR4 was awesome! : Degenerate
      
      err, SR3! shut up : Degenerate
- THQ should just take whatever money they have and bet it on a horse. It is probably their best chance. : Lucy Labia
- that's a bummer because CoH2 and SP are almost certainly going to be great : geedeck
- Just come out with Saints Row 4 already : retardhumper
- Die. Die, die, die, die, die, die. Die. Ty THQ. : Mystery0000
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  If THQ dissolves, what happens to Relic? WHAT HAPPENS TO HOMEWORLD? : Creepin_Jeezus
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    Somebody buys them, or they refor, or they dissolve and spread their talent throughout the industry like ... : node
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      But what about the IP? I will cry tears of blood if Homeworld goes System Shock on us. : Creepin_Jeezus
      
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      Well they still own it, whereas SS is a mess. : node
      
      #2029
      
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      By: Creepin_Jeezus x Show Full Post
      
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      I'm just thinking worst case scenarios where THQ ham handedly force relic to sell homeworld, or dissipates the developer entirely and sells the assets to investors or something terrible like that.
      
      Nov 06, 2012 3:44am PST
      
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      I'm just thinking worst case scenarios where THQ ham handedly force relic to sell homeworld, or dissipate... : Creepin_Jeezus
      
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      Yeah, fair enough. I can't see anyone buying THQ outright. Hopefully a smart publisher snaps up relic as ... : node
      
      I guess if we're lucky, EA might buy homeworld and turn it info a facebook strategy game!!!! :D HEADS : Creepin_Jeezus
  - Don't forget Volition as well....and the last ditch hope anyone has of a new Descent or Freespace game di... : SolrFlare
  - :: cries :: : squigiliwams
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  MY DAWN OF WAR 3. WHERE IS IT : Gylis
  - WHAR DOW3 GIVE ME MORE SPACE MARINES : TheStupidOne
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  They have killer franchises, what's up with the delays?! Ship'n'patch! : Mad Brahmin Disease
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    Dude they really don't. Darksiders 2 didn't hit the numbers for what it cost. Saint's Row and WWE are the... : node
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      well killer as in being good, not necessarily sales numbers. : Mad Brahmin Disease
      
      Ya. That was always their issue though. It was like with each game they said "This game is good, this'll ... : node
    - They've still got hope for the Wii U version! I'm crying here :( : one random winner
- noooooooooooooo :( : moshman
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  Its too bad as they make pretty good games. Maybe Valve picks them up?!?! : FreshwaterAU
  - I don't think that's the kind of thing Valve would want to do. Seems incompatible with their business mo... : one random winner
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    God no, why would they ever do that? : evildanish
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      They could pick up the homeworld IP and release homeworld 1 and 2 on steam. I think we should all perform... : fadetofunk
      
      It would take them like 10 years to develop it, judging from their usual pace. : Kub666
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    Microsoft should grab them and make them Windows/Xbox exclusives. : Mad Brahmin Disease
    - Like that was a good idea with Rare ROFLAO : agentboolen
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  I wonder what the issues are? screams of bad project management. they have the goals in mind, the titles ... : Downforce
  - MARKETING : Mad Brahmin Disease
  - I think they assumed they'd be able to afford larger teams at the outset of the projects when things were... : one random winner
- NOOOO I need more 40k games! : hatchet165
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  Just release the South Park game already, no real gamer is going to buy it and its based off a tv show (w... : agentboolen
  - I looked up "real gamer" on wikipedia....wasn't there. Do tell... : xpogox