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

Site Statistics

Registered Members: 80,136
Forum Posts: 725,965
Xbox One Titles: 6,340
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,576
Member Reviews: 10,339
News Articles: 16,546
Screenshots: 39,085
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News


Power Wash Simulator Gets Alice In Wonderland DLC

Power Wash Simulator Gets Alice In Wonderland DLCThis topsy-turvy Special Pack features a wide range of level aesthetics, from opulent maximalism to introspective minimalism, featuring elements such as ornate interiors and fabrics, unique furnishings, custom themed cutlery, crockery and more.







See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 24663 Views

2021: XBA is still here
Post by shrew king
38 Replies, 201505 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 123208 Views

Xbox Series X or S
Post by Nato King
5 Replies, 140553 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 130396 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 152152 Views

Xbox one no signal
Post by debrartin
0 Replies, 142029 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 211398 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 165649 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 261515 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 148152 Views

Squad Up
Post by samslophead
0 Replies, 251356 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 177956 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 307292 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 166169 Views

© 2000-2024 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