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Argonath RPG Community => Speakerbox => World and local news => Topic started by: Matt Murdock on January 24, 2013, 06:24:23 pm

Title: THQ dissolved, assets split apart
Post by: Matt Murdock on January 24, 2013, 06:24:23 pm
THQ as a company is basically done. Yesterday saw the announcement of what companies were buying THQ's assets. Ubisoft, Sega, and other companies quickly came in to scoop up the current THQ assets and licenses. Gamers breathed a little easier knowing "Saints Row" and the "WWE" franchises (among others) would continue.

This morning the U.S. Bankruptcy Court approved the sale of assets from THQ to the various companies that ponied up the cash. The sales should close today, and would put THQ's total proceeds in at $72 million. When adding in the companies current remaining assets, the total amount of cash they should have is around $100 million.

Brian Farrell, CEO of THQ, issued this statement: "While we had hoped that the restructuring process would allow the company to remain intact, I am heartened that the majority of our studios and games will continue under new ownership."

It's good to hear that studios won't have to be closing. It's bad enough that various THQ employees who can't get in on the sale are losing their jobs, it'd be even worse if studios were closing and losing people in the transition.

Jason Rubin, who recently became the new president of THQ, issued this statement: "I was brought in eight months ago to help turn this ship around," Rubin said, "and while I'm disappointed that we could not effect a sale for the entire operating business, I am pleased that the new buyers will be providing jobs to many of our very talented personnel. When we first announced the sale process, I said I would be happy if the company's games and people had a bright future, even if it meant I did not have a job at the end of it. And I still feel that way."

Don't remember THQ for how they ended, nearly broke and selling off everything. Remember all the great games they produced over the years.

http://www.pushsquare.com/news/2013/01/thqs_assets_are_divided_deep_silver_snatches_saints_row (http://www.pushsquare.com/news/2013/01/thqs_assets_are_divided_deep_silver_snatches_saints_row)

http://www.usatoday.com/story/tech/gaming/2013/01/23/thq-dissolved-assets-split/1860267/ (http://www.usatoday.com/story/tech/gaming/2013/01/23/thq-dissolved-assets-split/1860267/)

List of THQ games (http://en.wikipedia.org/wiki/List_of_THQ_games)
Title: Re: THQ assest sale gets approvel from court, THQ effectively done as a company
Post by: Batta on January 24, 2013, 06:26:42 pm
No more Saints Row I hope..

No more Company of Heroes??  :(


Quite sad anyway.
Title: Re: THQ assest sale gets approvel from court, THQ effectively done as a company
Post by: Matt Murdock on January 24, 2013, 06:37:38 pm
No more Saints Row I hope..

No more Company of Heroes??  :(


Quite sad anyway.
http://www.ign.com/articles/2013/01/23/thq-dissolved-saints-row-company-of-heroes-darksiders-devs-acquired (http://www.ign.com/articles/2013/01/23/thq-dissolved-saints-row-company-of-heroes-darksiders-devs-acquired)

Man I can't even imagine Saints Row being produced by Deep Silver, its like GTA being made by EA.  :(
Title: Re: THQ dissolved, assets split apart
Post by: SugarD on January 24, 2013, 11:27:33 pm
This is very unfortunate...

I took a look at their list of games just now. It seems they haven't produced many noteworthy games since the N64 and PS2 eras. That is likely why they are sadly headed to such a spiraling downfall.
Title: Re: THQ dissolved, assets split apart
Post by: Cross on January 25, 2013, 03:02:46 am
THQ.. have so many good memories with that company.
UFC tournaments, Company of Heroes, Metro and the list goes on.
Title: Re: THQ assest sale gets approvel from court, THQ effectively done as a company
Post by: Pandalink on January 25, 2013, 04:42:11 am
Man I can't even imagine Saints Row being produced by Deep Silver, its like GTA being made by EA.  :(
The developer hasn't changed.
Title: Re: THQ assest sale gets approvel from court, THQ effectively done as a company
Post by: Matt Murdock on January 25, 2013, 04:39:27 pm
The developer hasn't changed.
But Publisher has, That's still like EA producing GTA, instead of take two.
Title: Re: THQ dissolved, assets split apart
Post by: Huntsman on January 25, 2013, 05:44:27 pm
They never made any goods games anyway, with an exception of Worms
Title: Re: THQ dissolved, assets split apart
Post by: Batta on January 25, 2013, 05:52:22 pm
They never made any goods games anyway, with an exception of Worms

Red Faction, Saints Row and Company of Heroes were great successes despite the opinion you can have about them.
Title: Re: THQ dissolved, assets split apart
Post by: Huntsman on January 25, 2013, 05:54:34 pm
Red Faction, Saints Row and Company of Heroes were great successes despite the opinion you can have about them.

Yeah, i forgot about the Company of Heroes , it's good, and yeah Homefront. But other games are.. well.. crap.
Title: Re: THQ dissolved, assets split apart
Post by: [WS]Jacob on January 25, 2013, 05:58:16 pm
They never made any goods games anyway, with an exception of Worms
You forgot Bratz :lol:
Title: Re: THQ dissolved, assets split apart
Post by: Batta on January 25, 2013, 05:58:54 pm
Yeah, i forgot about the Company of Heroes , it's good, and yeah Homefront. But other games are.. well.. crap.

Even the best Houses may have released crap games. Just take a look to the publications of the main ones, that could surprise you :)
Title: Re: THQ assest sale gets approvel from court, THQ effectively done as a company
Post by: Pandalink on January 26, 2013, 04:43:15 pm
But Publisher has, That's still like EA producing GTA, instead of take two.
:wow: don't even say that bro.

They never made any goods games anyway, with an exception of Worms
Dawn of War?
Title: Re: THQ dissolved, assets split apart
Post by: Matt Murdock on January 26, 2013, 05:07:35 pm
Yeah, i forgot about the Company of Heroes , it's good, and yeah Homefront. But other games are.. well.. crap.
Saints Row 3 is awesome, that's the only series to get anywhere near GTA(despite watchdogs coming this year from Ubisoft). Maybe you never even played it?

:wow: don't even say that bro.
Ikr.  ;)

Post Merge: January 28, 2013, 05:03:15 pm
http://www.stuff.co.nz/southland-times/technology/8231459/The-five-games-that-sank-THQ (http://www.stuff.co.nz/southland-times/technology/8231459/The-five-games-that-sank-THQ)
Title: Re: THQ dissolved, assets split apart
Post by: ~Legend~ on January 28, 2013, 07:51:14 pm
Will always remember THQ from my childhood... playing WWE or something like that? :p
Title: Re: THQ dissolved, assets split apart
Post by: Ragdoll on January 28, 2013, 07:56:19 pm
Will always remember THQ from my childhood... playing WWE or something like that? :p
Army Men.. D:
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