THQ's released a statement following growing whispers this weekend that it's cancelled its entire 2014 games line-up in a move to position the company for sale.
He also claimed the firm is in the process of returning intellectaul property to their licensors in an effort to conserve cash, and ready THQ for sale.
THQ's said in a statement:
"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."
THQ currently has several high profile projects on the horizon, including Hollywood director Guillermo del Toro's trilogy of horror games, a new IP from Assassin Creed creative director Patrice Désilets, Tomonobu Itagaki action game Devil's Third and the next title from Left 4 Dead studio Turtle Rock.
Comments
19 comments so far...
StonecoldMC on 16 Jan '12 said:
And relax . . . . .
Darksiders 2 and Metro: Last Light are coming
!
KMakawa on 16 Jan '12 said:
What a week its going to be.. Monday already filled with giggles. >.<.
El Mag on 16 Jan '12 said:
According to Larry, the tramp that sleeps in a shed on the local allotment and is married to a turnip, the world ends this year anyway. So thinking about 2014 games is just silly in the first place THQ.
Then again he also said Crystal Palace would win the FA Cup and David Cameron would be revealed as actually being a Japanese made robot.
megavic on 16 Jan '12 said:
Doesn't fill me with hope though, rather than pledging their continued support for W40K MMO they just state they haven't made any decisions.
Normally in business that means there is a decision to be made...
JakeyBaby on 16 Jan '12 said:
Larry's never lied to me once!
sonic_uk on 16 Jan '12 said:
I hope not as probably being the only person in the world that enjoyed the Homefront Campaign (not interested in Multiplayer) I want to continue to story, plus there are some other awesome games that Thq published like Metro 2033 which has the Last Light sequel coming I want to play.
Its always sad when a major publisher folds (unless it was Activision) and unfortunately this is a sign of the times at the moment with the economy the way it is right now. I hope the rumours aren't true or at least if they are that Thq secure a buyer.
Barry316 on 16 Jan '12 said:
Larry's lied to me. If he turns off the light and asks to play 'touch my carrot' DON'T!
TheLastDodo on 16 Jan '12 said:
Good to hear
b*****ks. Let someone else make em FFS
gmcb007 on 16 Jan '12 said:
THQ has had a rollercoaster ride for the last few years mainly due to their sometimes illogical moves. I mean the murdered Red Faction with deciding caves was the next big thing. Saints Row is starting to show a decline in quality as well. The Third is definitely smaller than the 2nd game plus it actually feels like most of the good content will be available through pre planned DLC.
Yellow6 on 16 Jan '12 said:
Was that a sly dig at rbt2
Yellow6 on 16 Jan '12 said:
Normally in business that means the decision has already been made....and they don't want to tell you until the new owners show up and fire 50-80% of the staff.
dookiephonic on 16 Jan '12 said:
'Canning 2014 games', wooo thats a lot of cancelled games, mind you it is THQ.
Queen Skillage on 16 Jan '12 said:
Nah, if people call rbt they do it to his old wrinkled face...after they get him up out his chair.
rbt2 on 16 Jan '12 said:
I've just been alerted by this. And by the great man himself.......Magnifico!
Well Magnifico, looks like the end of a beautiful, virtual friendship.
We could've been good, me and youse.
Not no more though.
Love me, love my club.
The end.
Or is it?
I dunno.
El Mag on 16 Jan '12 said:
I thought Ian Wright was brilliant.
That's all you're getting!
rbt2 on 16 Jan '12 said:
Too late for all that, Magnifico......No! That's too informal now. It's El from now on......Hold up! That's even more informal.
El Magnifico it is then!
Well anyhoo.....what were we talking about again?
Oh that's right.
What were we talking about again?
El Mag on 16 Jan '12 said:
The usual thing really, Coronation Street being on and not being allowed to even breath loudly while it's on.
I think.
rbt2 on 16 Jan '12 said:
For your imformacion (that's information in Spanish, btw), I'm watching Wigan v Man Citeh during the adverts actually.
Whipped?
Moi?
I don't fink so.
LordVonPS3 on 19 Jan '12 said:
Anyone from THQ visit these forums?
Aren't you based in Woking, Surrey?