120°
Submitted by NYC_Gamer 1028d ago | news

THQ shares drop by almost 50% amid bankruptcy fears

VG247:THQ posted its financial report last night, suggesting that all was not well at the Californian publisher. Aside from stating losses of $21 million, the company also announced delays of Company of Heroes 2, Metro: Last Light and South Park. The move has made investors nervous. (Industry, THQ)

Credit url: vg247.com
Gr81  +   1028d ago
It
Will get worse for THQ and other like dev studios. It is sad, but I feel a great wave of economic ruin coming to wash away many game studios for next gen.
bumnut  +   1028d ago
It is sad, I like a lot of THQ games. It will be a sad day for gaming when only EA & Activision remain :(
ShaunCameron  +   1028d ago
Um. Don't forget Zenimax (Bethesda) and Take-Two (Rockstar, 2K). But yeah, especially if you only play games on Sony's and/or Microsoft's consoles. That's 4 Western publishers. Couple that with 2 Japanese publishers, Capcom and Square-Enix, and that's the next-gen scene in a nutshell.
#1.1.1 (Edited 1028d ago ) | Agree(1) | Disagree(0) | Report
BitbyDeath  +   1028d ago
Nextgen is said to cost less due to hardware supposedly being more inline with one another.
Venox2008  +   1028d ago
yea..... cost less.. :D :D :D
Hufandpuf  +   1028d ago
Please don't go under before Company of Heroes 2 and Metro Last Light release. At least go out with a bang!
Detoxx  +   1028d ago
Indeed. Metro looks amazing
NYC_Gamer  +   1028d ago
THQ killed themselves by spending funds on that drawing crap....THQ went spending crazy on licensed movie/cartoon software like some alcoholic at the bar..... THQ should have just created their own quality original software.....
#3 (Edited 1028d ago ) | Agree(13) | Disagree(0) | Report | Reply
ShaunCameron  +   1028d ago
Actually it was the UDraw thing for the HD consoles that began their downfall. After its success on the Wii, they thought they could duplicate that on the HD consoles. But the crowd didn't buy it. And them recently banking on Darksiders 2 to be a megahit just might have been the final nail in the coffin. It just didn't have that kind of appeal to pull it off.
Prcko  +   1028d ago
ffs,SAVE RELIC,SAVE IT PLZZ!!!
beerkeg  +   1028d ago
For once I agree with you. Save Relic.
Bumpmapping  +   1028d ago
Cool
bumnut  +   1028d ago
?????
mcstorm  +   1028d ago
Should make it interesting if they do go into administration as i can see microsoft coming in to buy them and making some of the big ips there own.

I think the last thq game i bought was homefront and not really played any of there games since the n64 days.

I hope they get saved as i dont like to see any developers go bust as we have had to many this gen as it is.
DOMination-  +   1028d ago
Honestly i think ms have enough first party now with 20 studios.. But somebody will pick up voalition and relic Im sure and maybe the witcher devs could buy the metro devs due to their geography.
Erudito87  +   1028d ago
darksiders 2 on pc was pretty shoddy
Tzuno  +   1028d ago
metro last light then you can go bankrupt :)
Zha1tan  +   1028d ago
they have made some really lackluster games as of late with a couple being the exception so well in this conservative consumer climate if you dont sell quality, a brand or market your game to enough idiots you go under.
prototypeknuckles  +   1028d ago
I hope they dont did yet, I want darksiders 3 & 4 for fury and strife
Skate-AK  +   1028d ago
I don't think it will. Darksiders 2 sold bad for them and the CEO doesn't even think Darksiders is a good franchise anyways.
orchi   1028d ago | Spam
ironfist92  +   1028d ago
If it wasnt for Darksiders and Metro, I couldnt care less about THQ.

Solution? Make more games like Darksiders and Metro, and less shovelware crap
Hufandpuf  +   1028d ago
The only problem is that both those franchises don't sell too well.
ALLWRONG  +   1028d ago
Too bad, I like THQ more than I do Activision and EA.
palaeomerus  +   1028d ago
Poor Volition and Relic. I'ma miss 'em.
ufo8mycat  +   1028d ago
Lackluster games from THQ - so couldn't care less :)

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