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THQ issues statement regarding its future

Statement from THQ regarding business rumors:

“THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO. As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.

Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the #5 publisher overall, #4 third party, with reported sell through growing over 18% in a market that was down almost 6%. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.”

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4 Responses

  1. AJ Starr says:

    In other words… hundreds of millions of dollars in losses has caused them to rethink focusing on decent games instead of a load of crappy ones, but they’re so far in the hole that it’s probably too late since they’re not thinking far ahead anymore.

    Bankrupt within 2 years, guaranteed.

  2. JD Storm says:

    if you throw enough crap at a wall, something’s bound to stick.

  3. says:

    They use so much wording and filler to make things sound good, maybe they are doing alright then, lawls!

  4. Fisha695 says:

    Sad to think that by 2014/2015 there is likely to be only 2 or 3 video game (console gaming) companies total, whereas 10-15 years ago there were well over 100.

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