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Gaming => Video Game Generation => Topic started by: Izret101 on December 19, 2012, 05:42:36 PM



Title: THQ files for bankruptcy
Post by: Izret101 on December 19, 2012, 05:42:36 PM
http://www.theverge.com/2012/12/19/3785022/game-developer-thq-files-for-bankruptcy-will-sell-off-assets-and-games

They claim nothing is going to change though...
Doesn't really make much sense to me....


Title: Re: THQ files for bankruptcy
Post by: Tynstar on December 19, 2012, 05:45:41 PM
That's what happens when you put a ton of money into a controller that is shit. The uDraw was an epic fail.

Saints Row and Darksiders are the only good things they have.


Title: Re: THQ files for bankruptcy
Post by: bickman2k on December 19, 2012, 05:58:56 PM
So, was the Humble Bundle a cash grab or a last chance effort?


Title: Re: THQ files for bankruptcy
Post by: Sirgin on December 19, 2012, 08:46:42 PM
So, was the Humble Bundle a cash grab or a last chance effort?
Humbled by defeat...

I wonder who's going to buy up the Darksiders franchise. Definitely popular enough to warrant more games.


Title: Re: THQ files for bankruptcy
Post by: SirPsycho on December 19, 2012, 08:51:39 PM
Damn, the South Park game isn't even out yet. At least its a licensed property and not original, should make it easier in case everything completely sinks.


Title: Re: THQ files for bankruptcy
Post by: InvadErGII on December 20, 2012, 10:22:40 AM
I have a good friend who is a producer at Volition...really, really hoping he lands on his feet. It's really a great studio.


Title: Re: THQ files for bankruptcy
Post by: wildbil52 on December 20, 2012, 11:22:14 AM
Saints Row and Darksiders are the only good things they have.

I feel like they have a decent presence on the PC.  Metro 2033 is pretty cool.  So is Space Marine, Dawn of War II, and Company of Heroes.

I think they were counting on Red Faction to be relevant again and it just never happened.


Title: Re: THQ files for bankruptcy
Post by: blcklblskt on December 20, 2012, 01:28:04 PM
http://www.ps3trophies.org/news/news-8635-THQ-Files-For-Bankruptcy--Unannounced-Games-Revealed.html

They're filing for Chapter 11 bankruptcy, so they'll continue to produce games.  South Park will still come out!  (I hope)


Title: Re: THQ files for bankruptcy
Post by: Link41 on December 20, 2012, 01:40:28 PM
Hopefully the WWE games find a good home, and not EA or Activision...


Title: Re: THQ files for bankruptcy
Post by: Shadow Kisuragi on December 20, 2012, 01:48:09 PM
http://www.ps3trophies.org/news/news-8635-THQ-Files-For-Bankruptcy--Unannounced-Games-Revealed.html

They're filing for Chapter 11 bankruptcy, so they'll continue to produce games.  South Park will still come out!  (I hope)

...you guys do realize that the only REAL change here is that they've declared bankruptcy, and another firm is backing them financially? The contracts need to be renewed, and some will likely not be, but it sounds like the majority of titles won't be nixed.


Title: Re: THQ files for bankruptcy
Post by: SirPsycho on December 20, 2012, 02:01:29 PM
Chapter 11 is just a debt restructuring, but sometimes it ends up being so bad that Chapter 7 follows shortly afterwards.


Title: Re: THQ files for bankruptcy
Post by: Izret101 on December 20, 2012, 05:15:54 PM
http://www.ps3trophies.org/news/news-8635-THQ-Files-For-Bankruptcy--Unannounced-Games-Revealed.html

They're filing for Chapter 11 bankruptcy, so they'll continue to produce games.  South Park will still come out!  (I hope)

...you guys do realize that the only REAL change here is that they've declared bankruptcy, and another firm is backing them financially? The contracts need to be renewed, and some will likely not be, but it sounds like the majority of titles won't be nixed.

http://www.theverge.com/2012/12/19/3785022/game-developer-thq-files-for-bankruptcy-will-sell-off-assets-and-games

They claim nothing is going to change though...
Doesn't really make much sense to me....

Quote from: Original Article
President Jason Rubin added that "We have incredible, creative talent here at THQ. We look forward to partnering with experienced investors for a new start as we will continue to use our intellectual property assets to develop high-quality core games, create new franchise titles, and drive demand through both traditional and digital channels."


Title: Re: THQ files for bankruptcy
Post by: Cobra on December 20, 2012, 07:23:22 PM
I think we all saw this one coming. Wonder if they'll bounce back...
Almost feel as if a game company memorial page is in order... how many once great studios are now gone?


Title: Re: THQ files for bankruptcy
Post by: Izret101 on December 20, 2012, 07:32:16 PM
Midway/Acclaim/Westwood Studios

I can't think of any other that i care(d) about at the moment.


Title: Re: THQ files for bankruptcy
Post by: Vancha on December 21, 2012, 03:50:38 PM
Well now, seems like Ubisoft may be getting some of THQ's franchises in the future. I'm actually quite happy to see that happening.

Always sad to see a big name going down though, just like Midway a phew years ago and I fear more will go down when the next generation fully started


Title: Re: THQ files for bankruptcy
Post by: Shadow Kisuragi on December 21, 2012, 04:03:51 PM
Midway/Acclaim/Westwood Studios

I can't think of any other that i care(d) about at the moment.

The number of studios that have gone down in the past year is over 30...


Title: Re: THQ files for bankruptcy
Post by: Izret101 on December 21, 2012, 04:44:26 PM
Since you didn't list the other 27 i guess i was right not to care?


Title: Re: THQ files for bankruptcy
Post by: Shadow Kisuragi on December 21, 2012, 06:24:41 PM
http://www.ign.com/articles/2012/12/11/20-studios-we-lost-in-2012

Quote
Hudson Soft
Sony Liverpool (Psygnosis)

Spellbound Entertainment
ImaginEngine
Zipper Interactive
Rockstar Vancouver
Big Huge Games
BigBig Studios
Black Hole Entertainment
THQ San Diego
Multiverse Network
Monumental Games
38 Studios
Ubisoft Vancouver (Action Pants)
HB Studios Halifax
Paragon
Bright Light
Dark Energy Digital
4mm Games
Hogrocket

3 of my favorite game developers closed shop this year, and 3 others in this list directly affected people I worked with.


Title: Re: THQ files for bankruptcy
Post by: blcklblskt on December 21, 2012, 06:29:56 PM
Hudson closed!?!?!?!?!  When did this happen?


Title: Re: THQ files for bankruptcy
Post by: Izret101 on December 21, 2012, 06:41:39 PM
Konami owns them now.


Title: Re: THQ files for bankruptcy
Post by: Haoie on December 22, 2012, 03:16:04 PM
Another one bites the dust! In the future everything will be produced by 1 company?!


Title: Re: THQ files for bankruptcy
Post by: bombatomba on December 22, 2012, 06:34:03 PM
I think the THQ bundle is only about $24 on the Steam sale.  Think I'll buy into that.

Oh yeah, sucks about THQ.


Title: Re: THQ files for bankruptcy
Post by: Sirgin on December 22, 2012, 07:57:17 PM
Another one bites the dust! In the future everything will be produced by 1 company?!

I expect 10 years from now only the three console manufacturers to remain, together with maybe a dozen or so of the biggest publishers. They'll probably each own a ton of studios developing for them. If graphics fidelty continues to rise, expect the cost to develop a triple A title to rise even further.

On the other hand, there seems quite a growing indie scene developing lots of interesting/niche games. At the same time I think we'll see a growing number of "cheap" or even free game engines, like unity, that'll allow those indie developers to start creating a game immediately instead of wasting time writing their own tools.


Title: Re: THQ files for bankruptcy
Post by: Leynos on December 23, 2012, 02:08:13 AM
Guys they are not going away as it's chapter 11. They have a backer so THQ will still be making games. MGM and Marvel have done the same before. They are still around.

I look forward to Darksiders III


Title: Re: THQ files for bankruptcy
Post by: SirPsycho on January 08, 2013, 06:35:22 PM
Well, THQ is going to officially cease to exist and its properties are going to be spread out throughout the industry with other publishers now.

This is a sad, sad day.

http://www.kccllc.net/thq