THQ Files For Bankruptcy, Major Games Still Coming

Posted by Bob Muir on Dec 20, 2012 in Videogames |

Saints Row The Third

It’s been a rough year for THQ, and though the recent Humble THQ Bundle raised some good money for the publisher, it seemed inevitable. THQ has filed for Chapter 11 bankruptcy in Deleware, entering an Asset Purchase Agreement with Clearlake Capital Group to transfer ownership of all of their assets, including all games in development and their four owned studios. Ouch.

Of course, bankruptcy is often a step that needs to be taken for a company to get its affairs in order and not disappear into the ether. It doesn’t always work, but THQ has some talented developers under its roof, so here’s hoping they find a way to make things work. And it’s not affecting the release of their upcoming major games, such as Metro: Last Light and South Park: The Stick of Truth. THQ also half-confirmed rumored sequels like Saints Row 4 (woo) and Homefront II (ugh), as well as new games only bearing names: 1666 (with direction from Assassin’s Creed creator Patrice Desilets) and Evolve (from original Left 4 Dead makers Turtle Rock).

That’s a solid line-up of games, so hopefully things work out for THQ! A word of advice: maybe cut down on some of the over-the-top advertising? Their booths and marketing stunts at E3 really impressed me, but it didn’t really change much about the games I was checking out.

Source: Destructoid


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