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Posted
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Exclusive: Publishing giant THQ have today announced to its staff that it will be closing down its studios.

 

An insider source confirmed to N-Europe this morning that THQ's staff have been informed of the company's imminent closure this morning.

 

THQ were established in 1989 and have since been responsible for producing numerous critically acclaimed titles, including fan-favourite De Blob and the WWE series, and are set to publish Deadly Creatures for the Wii next month.

 

THQ closed several studios back in November due to financial difficulties - sadly, it appears that the company couldn't get past their troubles.

 

It is not yet known how many jobs will be lost or which games will be cancelled, but a formal announcement should follow according to our source.

 

 

http://n-europe.com/news.php?nid=12820

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Posted

What what WHAT?

 

First reaction: not to critisize your journalistic integrity Tellyn, but how reliable is that source of yours?

 

Second reaction: Deadly Creatures is pretty much done, so that'll still come out. Studios will live on under the flag of other game companies, I suppose.

Posted
  Noku said:
First reaction: not to critisize your journalistic integrity Tellyn, but how reliable is that source of yours?

 

Don't worry, no offence taken. :heh: And...

 

Reliable. Put it this way, they have no reason to lie.

Posted

Another one bites the dust, a sad day in gaming. Just goes to show that no company is safe in this recession. I guess EA will probably pick up some of the games or something.

Posted

Crap.

 

List of THQ-affiliated devs:

 

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Posted

I thought THQ were huge? Didn't expect them to be in such serious difficulties!

 

  Jimbob said:
Just goes to show that no company is safe in this recession.

 

Yeah exactly. There has been news about how the gaming industry has been doing well throughout the credit crunch, but we are gradually seeing more and more companies succumb. :(

Posted

Im thinking license overload. Almost every game theyve ever published was based on a cartoon, tv show, movie, official sports license, etc, which i imagine costs them a pretty penny if/when the game doesnt sell.

Posted

i just hpe this won´t affect the release of Dawn of War 2 seeing as THQ are the publishers of the game.

Still sad too see one of the big good ones go away.

 

  Noku said:
... we better all hope it's because they put all their money into the fine banking system of Iceland.

 

I wouldn't call it banking system, more of a money distributing system to everyone else except the people who gave it to them.

Posted

One can only hope that the franchises and projects that weren's headed to the Wii, will be restructured towards Wii development. I want RF on me Wii.

Posted
  Noku said:
Merging with? Into? Speculate away mister dakota-san!

 

Haven't Ubisoft teased of a buyout? That said, i can't see much value in THQ for Ubi though.

Last year, EA were on the hunt for a big publisher, namely Rockstar. Could THQ be second best? And I'm sure Activision with their new found love of the annual update would relish the license heavy output of THQ.

 

/speculation.

Posted

Just read this, Neogaf's user Vashu:

 

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Well, I've just contacted THQ and they say this news is false. Probably just an attempt to get more pagehits, not thinking about possible consequences (marketvalue). Sure, jobs can be cut due to the current economic problems, but from what I was told THQ is still holding up fine.

 

So... Who should I believe?:blank:

 

Not to doubt your jornalistic integrity, Tellyn, like Noku said, but are you really sure your source is reliable? As in, they gave you accurate info in the past?

Posted

I would like to also challenge this I have just signed up after what seems as a blatent attepmt to get page hits from the gamespot forums, and I have done much searching and it seems to be utter rubbish, and in all honesty if this source is as good as you say and the company is closing, what would revealing said soure affect? It's not like the person can lose a job over it seeing as they would be losing it anyway.

Posted
  Meo said:
Just read this, Neogaf's user Vashu:

 

 

 

So... Who should I believe?:blank:

 

Not to doubt your jornalistic integrity, Tellyn, like Noku said, but are you really sure your source is reliable? As in, they gave you accurate info in the past?

 

Not to mention the fact that I haven't seen this covered in many other places. I'm not actually sure how many THQ games I've got in my collection - but I'm thinking not many!

Posted
  Vashu said:
Well, I've just contacted THQ and they say this news is false. Probably just an attempt to get more pagehits, not thinking about possible consequences (marketvalue). Sure, jobs can be cut due to the current economic problems, but from what I was told THQ is still holding up fine.

 

Too many good games coming out, so they are not going anywhere (but up :p).

 

Rumor debunked.

 

PS: There's also a reason why no big site has picked this news up yet. ;)

 

  Quote
This isn't true. I have it on good authority after checking into it that there is some validity to this. I do doubt all of THQ is shutting down, but I would not expect the day to be over without hearing of them closing a studio or division of THQ.

 

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Hm, that's not the response I got.

 

it was

 

............no comment.

 

  Vashu said:
Well, the one I contacted is doing the PR (Product manager) but he can be trusted. I'm still waiting for a friend of mine who works at one of the studios to come online though.

 

And what was the response you got Deepbrown?

 

The reason no one else reported it, is because it's exclusive. It's also a rumour and not coming from a huge site, people are reticent to trust it. Whether it's true or not, we'll see, but it wasn't posted blindly and it's our job to keep you informed.

Posted

My guess is Tellyn's reporting from gossip/news/staff speculation from developer Juice in Warrington (has Tellyn ever mentioned he knows anyone from there?). The problem with any staff gossip is that its wildly blown out of proportion or as far from fact as possible.

 

Its either the beginings of a merger/buyout (quite possible with the low stock price of THQ) or a few more developers, including Juice, are being closed.

 

I can't see them just shutting up shop.

 

  Hellfire said:
The reason no one else reported it, is because it's exclusive. It's also a rumour and not coming from a huge site, people are reticent to trust it. Whether it's true or not, we'll see, but it wasn't posted blindly and it's our job to keep you informed.

 

Actually, you've raised a good point. Since this is rumour, far from substantiated, shouldn't both the headline on the main page and here in the forum state 'Rumour'... I'm just thinking of you guys, i really wouldn't want you to look like a bunch of gossips.

Posted

I would say unless this is 100% solid truth then revealing more on such a story would certainly be no problem what so ever as it would affect no one doing so except yourself and if anything make you look even better for getting such an exclusive story................ on the other hand if it is indeed false based on exactly how you worded it the only person that will come out looking bad is you report mere rumour as fact with nothing to back it up.


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