News - Games publisher THQ files for bankruptcy

[HEXUS]

Shares dive 74 per cent on NASDAQ after announcement.

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[hesham1516]

Very sad to hear this... THQ made some fantastic games so I will be sad to see them go.
Hopefully someone other than EA and Ubisoft buy the assets as they will ruin what is left of those core games. They will enforce the use of Origin or UPlay and water down content in favour of DLC to milk the cash cow.

[Sprite]

I'm hoping it won't affect the release of CoH 2 too badly

[directhex]

Chapter 11 isn't "we're ****ed, lock the doors" - that's chapter 10.

Chapter 11 is "we're ****ed, declare bankruptcy so we can renegotiate our contracts with out creditors, stat". You've likely flown with an airline or shopped in a store that filed for Chapter 11 (or the UK equivalent, e.g. GAME) at some point in its life. Or watched a movie, for that matter - MGM filed for chapter 11, and released Skyfall and The Hobbit.

The best way for THQ's investors to make their cash back is for them to have some tearaway successes - their best chance for that is for CoH2 and Metro:LL to ship and be brilliant.

[hesham1516]

I'm hoping it won't affect the release of CoH 2 too badly

I don't belive it will have any effect at all, as they have only filed for bankruptcy. They will be allowed to continue business as usual but only to pay back debtors so sales of their core IP and any huge sales they continue to have have a chance to save them.

[stanonwheels]

Go on Gabe, buy THQ. You can make daft wrestling games and COH.

[Brewster0101]

I'm hoping it won't affect the release of CoH 2 too badly

+1 - Since the failure of command and conquer this is the last good RTS on this genre left.

[hesham1516]

http://www.thq.com/uk/go/article/vie...om_jason_rubin
Looks like they are safe for now

[KrisWragg]

Was looking forward to seeing how much fun the South Park game would be, hope it still gets released

[crossy]

Not that keen on the title since, as the article itself says "THQ announced that it had filed for Chapter 11 bankruptcy protection" - so unless there's a length restriction on titles can we get a correction? Otherwise, it smacks a little of the sort of pseudo tabloidisms that The Register is fond of.

Funnily enough I bought CoH a long time ago, but didn't have a decent enough PC to run it properly at the time, so it got put at the back of the cupboard for later. I'll have to dig it out and give it a spin.

I'm sorry to say that if THQ fails Chpt11 then I'll miss the next Saint's Row the most. I really "get" it's humour so I was kind of looking to see what SR4 would be like, since they were promising that it'd be even more outlandish than SR3, (which makes GTAIV look too much like hard work, and utterly po-faced to boot imho). Sad I know ...

[tekgun]

This sucks, I like quite a few of THQs games, and it's made worse by having those grubby parasites EA and Ubisoft sniffing around.

[jim]

Seemed fairly inevitable after they announced the Humble Bundle.

[Kumagawa]

Very sad to hear this... THQ made some fantastic games so I will be sad to see them go.
Hopefully someone other than EA and Ubisoft buy the assets as they will ruin what is left of those core games. They will enforce the use of Origin or UPlay and water down content in favour of DLC to milk the cash cow.

THQ started the whole Disc Locked Content **** you can see how bad it is with Saints row 3! Neither Ubisoft or EA can make THQ's nickel and diming worse.

[=assassin=]

I'm currently enjoying Saints Row The Third after getting it relatively cheap, would be a shame not to see a sequel.

[directhex]

Seemed fairly inevitable after they announced the Humble Bundle.

Oh? Their share price went up 33% from HiB

[jim]

Oh? Their share price went up 33% from HiB

I know it had a beneficial effect - not suggesting it was causal, rather symptomatic. Seemed like a desperate measure to get some quick cash in.

Given the average price, they were giving away a load of games, including their most recent big-hitter (only 12 months after release), for about £3.50. That's way beyond even Steam sales and the like.