THQ responds to sale allegations

Leigh Harris
THQ responds to sale allegations

After allegations that THQ has cancelled its 2014 lineup in preparation for a potential sale, the company has made an official statement.

While the statement doesn't directly deny the prospect that THQ is positioning itself to sell the company, it does point to the recent restructure (of which the closure of THQ's two Australian studios were a part) as being the reason behind some of the recent moves the company has made which may offer the appearance being purported.

The statement from THQ 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.

Kotaku originally reported tweets by Kevin Dent, who works generating capital for startups with the IGDA Mobile section, which suggested the cancellation of a Games Workshop MMO as well as THQ's entire 2014 lineup and reported that the company is "offering themselves to Asian firms to increase value."

While a buyout at this level could be a possibility, and THQ's streamlining has aimed at reducing the total number of titles to focus on 'core' franchises and reducing risk, it's easy to conflate actions designed to strengthen a company during hard times and actions designed to make a company attractive.

Dent's information appears to have not been particularly solid either, as the THQ statement led him to tweet a relieved message saying it was "good news" that THQ hadn't made any decisions about the MMO or about the 2014 lineup, suggesting that his avenues of information don't supercede the word from the horse's mouth.

 

To register for the MCV Pacific News Digest, head to the registration page: http://www.mcvpacific.com/user/index/register/journey/register

Advertisement

Tags: THQ , mmo , sale , rumours , closure , 2014 , IGDA , Kevin Dent

Follow us on

  • RSS

Add a new comment

You need to be logged in to post comments. If you do not have an account then please register.

Comments

0 comments

There are no comments yet, be the first to add one!