THQ files for bankruptcy

Yeah, expected tho.

It was their last chance to ever bounce back. Let's hope they do so now that they have a buyer.

Sad indeed Can't say we didn't see this one coming but that doesn't improve the situation, hoping for the best!

Fucking hell, not surprising but very depressing indeed. The big games biz is bleeding so bad right now, and a new generation won't make it any better.

ballllllllllllllllllllllllllllllllllllllllllllls. hope either the studios get bought up or the entire publisher does...

Looks like THQ as a whole has been bought up

Quote

THQ's four owned studios and games in development - Metro: Last Light, Company of Heroes 2, South Park: The Stick of Truth, and the Saints Row title formerly known as Enter the Dominatrix - are still moving forward under the new ownership of Clearlake Capital Group, a company that's buying out THQ's assets for $60 million.

http://www.eurogamer.net/articles/2012-…-for-bankruptcy

Good news! Really looking forward to some of their future games. I hope they do well from now on!

That's very good news! Awesome.

Let's hope everything turns out for the best, it would be a shame with all that talent... and they have a very good lineup for next-year!

Guess this is positive:

Quote

THQ noted that it "does not intend to reduce its workforce as a result of the filing, and employees will continue to work their usual schedules and receive normal compensation and benefits, pending customary Court approval."

Good news

Quote from Mazy

Fucking hell, not surprising but very depressing indeed. The big games biz is bleeding so bad right now, and a new generation won't make it any better.

This isn't really true... We need a new generation really bad. This prolonged console cycle is what is hurting AAA very bad. There's just too many things wrong with it on the business, bureaucratic and technical front. A new console is going to do wonders. I cannot wait and we've stopped all focus on current gen because of it.

It's really just weeding out old theories and old mentalities of thinking... which is a great thing, yet sad thing at the same time for those caught in the crossfire.

Also, as far as THQ is concerned, i wonder if we're going to get anymore royalty checks lawl

Guys its been bought up by a venture company that then sells it on either piece by piece or as a whole. The article on Forbes, I think, explains it.

Quote from Kedhrin

This isn't really true... We need a new generation really bad. This prolonged console cycle is what is hurting AAA very bad. There's just too many things wrong with it on the business, bureaucratic and technical front. A new console is going to do wonders. I cannot wait and we've stopped all focus on current gen because of it.

It's really just weeding out old theories and old mentalities of thinking... which is a great thing, yet sad thing at the same time for those caught in the crossfire.

Also, as far as THQ is concerned, i wonder if we're going to get anymore royalty checks lawl

Can't see how a new generation of more expensive consoles will help solve those issues at all? It's gonna take a while until the installed based reach current gen's level anyway, pair that with higher production costs and you got a recipe for disaster

What is hurting AAA games are AAA games themselves and stupid design/production decisions, not the hardware.

hope the turtle rock game survives all of this.

Quote from Minos

This isn't really true... We need a new generation really bad. This prolonged console cycle is what is hurting AAA very bad. There's just too many things wrong with it on the business, bureaucratic and technical front. A new console is going to do wonders. I cannot wait and we've stopped all focus on current gen because of it.

It's really just weeding out old theories and old mentalities of thinking... which is a great thing, yet sad thing at the same time for those caught in the crossfire.

Also, as far as THQ is concerned, i wonder if we're going to get anymore royalty checks lawl

Can't see how a new generation of more expensive consoles will help solve those issues at all? It's gonna take a while until the installed based reach current gen's level anyway, pair that with higher production costs and you got a recipe for disaster

What is hurting AAA games are AAA games themselves and stupid design/production decisions, not the hardware.

Aye, that's what I'm thinking. Making a game for the new consoles in the early years, even if they're cheaper and have a stronger focus on digital, then it's going to take a long time to reach the same install base you have from this gen, coupled with the costs rising a bit.

But who knows, if the new consoles become a free-to-play circus, it could very well shake up things even more.

Regarding THQ, then this situation also seems like fallout from that entire uDraw gamble that completely blew up in their face, manufacturing shitloads (millions I think) of hardware that simply didn't sell. It's kinda incredible that they've been able to keep going for this long. Hope Company of Heroes 2 is amazing and sells a ton.

Oh man, uDraw. I'd forgotten about that. A disaster of epic proportions.

All we can do is buying their games, and CoH2 + Metro will be mine

OT (or in relation to console talk):

i'm hoping that the new generation of consoles become a more hybridized version of a regular computer. i'm speculating what would happen if instead of new consoles, we'd see a new console standard, so that people would be able to build their own "consoles" and just certify them online to see if they match up with the specifications necessary. Then you could have different versions of the console standard that would do nothing but upgrade the requirements for the certification process, and you could have games that were made specifically for a standard. I know it wouldn't be that easy, but it would be a plausible solution.

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it's sad to see THQ go, but like others said before, the warning signs were there. here's to hoping that the new buyers won't make THQ into the new activision, because i'd hate to see metro 2133, 2233, 1933 released a year apart... ok, that's a lie, i would love that. but still.