THQ Simultaneously Files Chapter 11 Bankruptcy, Secures Buyer for Company's Assets [UPDATED]

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#151 Posted by darthslughorn (47 posts) -

Thank god THQ is owned by the group that also owns the Jacuzzi brand and Buy.com. A good sign, due to the turnaround success of these brands.

#152 Posted by FesteringNeon (2158 posts) -

@Napalm said:

@admanb said:

@Napalm said:

@FMinus said:

Figure of speech, meaning - [Relic is] the best thing THQ has and should be handled that way.

I always find it funny when somebody puts one developer under THQ on a pedestal and goes, "nah, man, these guys will SAVE THQ! No man, you're not listening! These guys can DO IT!"

And they continue to name off a franchise or series that like twelve people played and say that's how it'll be done. *makes farty noise with tongue*

It's more that they're studios that make quality, profitable games. They just don't make games profitable enough to cover THQ's disasters.

From what I understand, it was uDraw that basically sunk them.

I've purchased 2 sets.. I might pick up more. Who knows what they'll be worth sealed one day... :/ Probably $5? maybe..

#153 Posted by CaptRocketblaze (173 posts) -

Saints Row is all that matters. Save it, world... pay no heed to the cost.

#154 Posted by dudeglove (7688 posts) -

A bit of an unnecessary zing at the end there, Navarro.

#155 Edited by FMinus (389 posts) -

@Napalm said:

@FMinus said:

Figure of speech, meaning - [Relic is] the best thing THQ has and should be handled that way.

I always find it funny when somebody puts one developer under THQ on a pedestal and goes, "nah, man, these guys will SAVE THQ! No man, you're not listening! These guys can DO IT!"

And they continue to name off a franchise or series that like twelve people played and say that's how it'll be done. *makes farty noise with tongue*

Way to put words in my mouth.

I'm not saying Relic will save THQ, I'm just hoping Relic doesn't end up gone in the whole process that THQ is going through. Out of all the studios under THQ, Relic is the one that makes games that I like the most and so far they haven't disappointed. Volitions Freespace was great, Red Faction and Saints Row I can do without, same for Darksiders and Vigil, altho I wish all of them the best possible scenario. That said, back to your argument, I think Relic nets THQ the most cash out of all studios. 40k has a lot of fans, and Relic is the de-facto Warhammer 40k developer, CoH sold a ton, so did Homeworld, they are highly regarded among the RTS community and if we would to lose Relic, it would be a tragedy on the scale of losing Rockstar or Epic.

Also I think most if not all Relic games were profitable, doesn't mean its games alone can save THQ. It's the same deal with GM and Opel. Opel selling quite fine over here in Europe, but is being dragged down by GMs other manufacturers and bad numbers, thus getting closed.

#156 Posted by DukesT3 (1892 posts) -

Damn, was kind of hoping Rubin could save this company.

#157 Posted by RonneyFan05 (25 posts) -

this is not a done deal, a "stalking horse" makes it more likely but the court still has to agree that there is not a better option for the creditors.

#158 Edited by Ghostiet (5225 posts) -

Stay classy with your zingers, Alex.

#159 Posted by MonkeyKing1969 (2570 posts) -

I hope in ten years the *new* THQ is laughing and saying, "Wow that was close, but it all worked out. We kept our people working, we went on to make/published some sick games, and it all worked out for the best."

Other developers (or publishers) I would care less about. But, it seems like THQ just got knee-capped by the uDraw and then could not recover fast enough to keep ahead of debt. Sure, it was their choice and uDraw was dumb idea for teh other consoles. Yet, I can understand it how that choice could have been made. In the end I just would hope people keep their jobs and things can turn around.

#160 Edited by MetalMoog (907 posts) -

This doesn't surprise me at all. If their track record of releasing broken games like the WWF/WWE franchise shows it's no wonder they aren't doing well financially. Maybe it means people have wised up and don't buy into their sub-par mediocre product anymore? Release a WWE game that works online and isn't plagued with lag and you might be more successful. When I see THQ on a game, it usually means I'm in for a decent game with some good ideas but some game breaking issues that will have me quit playing it and trade it in shortly. I usually avoid anything by THQ altogether.

#161 Posted by silentxero (6 posts) -

Man, this has been such a tough year on game developers and studios. First 38 Studios, massive layoffs all over other developers and now THQ. Wow, this really sucks. I hope they can reorganize and keep their developers employed.

#162 Posted by Sooty (8082 posts) -

@Viking_Funeral said:

@cannonballBAM said:

The list of american publishers is dwindling.

American publishers are still dominating market sales right now.

Call of Duty and Madden go a long way apparently.

#163 Posted by leebmx (2216 posts) -

@jta04: Delayed reply, not been on the 'bomb for a bit. But thanks that was exactly what I wanted to know. So basically if I understand you right these Clearlake guys have come along and said to the creditors that we will pay 60mil for THQ and give you (the creditors) 10mil if you let THQ go Chap11 and renegociate the debt (the details of which I guess are not known.

I suppose to the creditors its a good deal because they get some money now (is that the $10mil?) and the prospect of more because THQ has been taken over by someone with slightly deeper pockets who might make a better fist of things in the long run as opposed to letting everything go tits up now and having to fight over meagre scraps after the secured people have got theirs?

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