NEWS - Monday, January 16, 2012


THQ denies mass shelving rumour

"THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO," THQ’s Australian PR arm wrote in a statement.
 
"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."
 
Troubling whispers
 Over the weekend, IGDA mobile SIG head Kevin Dent rumoured on Twitter that THQ had dropped its entire 2014 line-up, including "the Game Workshops MMO," Vigil’s Dark Millenium Online.
 
In addition, it’s being claimed the publisher is offering itself for sale to "Asian firms" in order to increase its value.
 
Dent added that "word is spreading that THQ has returned IP to Disney AFTER paying the advance, with no refund."
 
The rumours built on growing concerns over THQ’s waning financial performance. Over the past year, the company closed five development teams, and made a number of staff cuts. Red Faction and MX vs ATV Alive were both shelved during 201 after disappointing sales. However, it also poured resources into a new studio in Montreal, headhunting top local talent.
 
THQ development teams were among the first to receive Wii U kits, and several launch titles were expected; it also holds the UFC and WWE licenses, and saw success - now waning - with its Wii tablet add-on, uDraw.
 
The publisher has five major studios and at least ten games in the works, including Darksiders 2 and Metro: Last Light scheduled for northern summer; a publishing deal for Obsidian’s South Park: The Game, Guillermo del Toro’s inSane trilogy, and Tomonobu Itagaki’s Devil’s Third, as well as the highly anticipated Dark Millenium Online.

GamesIndustry cites anonymous sources for word that the Vigil-developed MMORPG is for sale.
 
Value
 THQ’s market capitalisation - the total dollar value of its publicly available shares - is $45.41 million. It is likely any offer to purchase the publisher would be much higher than that, resulting in a significant pay out to current investors - so expect interest in THQ stock to increase if a sale is on the cards.
 
At time of writing, THQ shares are on a slight rise at 67 cents in after hours trading. On Tuesday, THQ saw a spike to 80 cents per share - possibly on the back of insider rumours of a sale - but hit a 52 week low at 65 cents on Friday.
 
The company’s highest share price over the last year was $6.53 in early February 2011, but apart from a small bump in late October and early November, around the release of Saints Row: The Third, the company’s trade value has been on a steady decline in the 12 months since.


Source: http://www.vg247.com

Comments

Site Statistics

Registered Members: 44,710
Forum Posts: 725,814
Xbox One Titles: 1,353
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,732
Member Reviews: 10,339
News Articles: 14,578
Screenshots: 31,609
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Playdates Canada July, 2018 playdate info.
Post by Kiesey
2 Replies, 111 Views

Manette Xbox One Xfest18
Post by oryanphine
2 Replies, 418 Views

Xbox One X Mountain Dew
Post by oryanphine
0 Replies, 295 Views

Xbox Playdates Canada June 2018 schedule
Post by Kiesey
1 Replies, 435 Views

Xbox One X Black Panther
Post by oryanphine
3 Replies, 753 Views

Xbox Playdates Canada May 2018 schedule
Post by Kiesey
4 Replies, 719 Views

Is anything happening in XBox One land?
Post by DJ tx
7 Replies, 979 Views

Xbox One S Jojeux Anniversaire
Post by oryanphine
1 Replies, 672 Views

Xbox One X Steelbook
Post by oryanphine
1 Replies, 718 Views

Xbox Playdates Canada April 2018 Schedule
Post by Kiesey
4 Replies, 1004 Views

Xbox One X World of tanks
Post by oryanphine
2 Replies, 1139 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
7 Replies, 1388 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 1192 Views

Xbox Playdates Canada - February Playdates Schedule
Post by Kiesey
8 Replies, 1547 Views

Xbox Prototype Communicator
Post by oryanphine
1 Replies, 1963 Views

© 2000-2018 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics