Obsidian's interview with Kotaku this week explained that Viacom was funding stick of truth but now is funded by THQ. Well, wording may say "overseen" or whatever.
Regardless a 1st half 2013 release probably means stick of truth is safe.
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THQ files Chapter 11 Bankruptcy, Clearlake enters w/ purchase agreement [OP Update 2]
- Thread starter Mr.Awesome
- Start date
Obsidian's interview with Kotaku this week explained that Viacom was funding stick of truth but now is funded by THQ. Well, wording may say "overseen" or whatever.
Regardless a 1st half 2013 release probably means stick of truth is safe.
jobber
Would let Tony Parker sleep with his wife
WWE would get their license back and buy the studio that created WWE xx for THQ. Vince wanted to get into video games a while ago but didn't have the cash for it at the time. He does now!
He's going to flood the market with Randy Orton action adventure games
Marine 4: The Game
He's going to flood the market with Randy Orton action adventure games
Marine 4: The Game
Shao Kahn Brewing a Stew
Banned
It is indeed safe:
Saints Row, Homefront, Company of Heroes, Metro 2033 and South Park are all safe.
Evolution_1ne
Banned
didn't homefront do well?
edit: I guess so
edit+: Crytek are doing homefront 2?
edit: I guess so
edit+: Crytek are doing homefront 2?
It is indeed safe:
Saints Row, Homefront, Company of Heroes, Metro 2033 and South Park are all safe.
Very good news
Lasthope106
Member
Much sooner than I expected. Damn. ;_;
Hope they come out of this one ok.
Hope they come out of this one ok.
Lionel Mandrake
Member
I really hope the studios manage to stay together. It'd be a real shame to lose groups like Volition.
unknownhero
Member
This totally sucks, i feel for anyone working at or with THQ right now. I was hoping they would at least last for another year.
*bro-fist*
Serioulsy.
Most case law has indicated that licences are executory contracts, but its still a contested issue.
checkeredknight
Member
I don't play many THQ games it seems, but it always leaves me with a bad taste in my mouth whenever I see companies in this industry going under. Sony Liverpool devs, Eurocom and now this. When the health of the industry is tied to the health of your future earnings, it gives a very different feeling then when I used to sit on the sidelines and watch. Hope everyone at THQ makes a fast recovery. There are more jobs out there, but it'll be sad to see them become no more.
Of all the memories to have of the company, for some reason this sticks in my mind. I never expected to see their logo on the front of a Sonic game!
Of all the memories to have of the company, for some reason this sticks in my mind. I never expected to see their logo on the front of a Sonic game!
It is indeed safe:
Saints Row, Homefront, Company of Heroes, Metro 2033 and South Park are all safe.
Saints Row and South Park being safe is the best news.
Honestly those 2 would be safe no matter what. They're too valuable as IPs to just fade away.
Master Thespian
Member
God, I hope not. Vince has been terrible at everything non-wrestling he (or his wife) has ever tried. Shit, he's not even that good at making a wrestling product.WWE would get their license back and buy the studio that created WWE xx for THQ. Vince wanted to get into video games a while ago but didn't have the cash for it at the time. He does now!
He's going to flood the market with Randy Orton action adventure games
Marine 4: The Game
WWE would get their license back and buy the studio that created WWE xx for THQ. Vince wanted to get into video games a while ago but didn't have the cash for it at the time. He does now!
He's going to flood the market with Randy Orton action adventure games
Marine 4: The Game
Yuke's wasn't owned by THQ, though I'm certain they would want to work with whoever obtains the production rights.
TheVoidDragon
Member
Has there been any sort of news about the new Saints Row? I hope it's next-gen.
What does "safe" mean in this case though? Safe as in they continue development up until release at the original devs and for the games it's as if nothing happened, or safe as in the IP is sold off and it's up to the buyer whether they keep the original team, appoint another team or cancel the game? I guess it's probably too early to know yet, but I hope it's the first outcome.
AHA-Lambda
Member
So when should I start buying up old THQ games before they go OOP?
I already own most of them on Steam so im safe.
Nealand Liquor
Member
I hope yukes isn't involved with the wwe games after this. Imo they have been horrible for a number of years and only getting worse, to be fair I haven't played 13 though. I do hope that whomever does get the wwe rights puts an effort to get the aki people back on board.
Oh SHIT.
Haha, remember this?
Jason Rubin said:
"The company" in this case being Clearlake, and "goals" being "flipping THQ's core IPs for a profit", I assume.
exmachina64
Banned
It'd be good for laughs at the very least, if THQ could shed most of its debt. Valve would take the last step and become a full publisher.
ThatStupidLion
Member
so is it smart to buy THQ stock soon? before it gets bought?
I would be surprised if someone else didn't bid on them.
Stock is frozen I think.
No, that wouldn't be smart. It isn't getting bought. It's going into bankruptcy. Current shareholders are most likely going to be wiped out completely.
Wow, the WWE is the second largest creditor. THQ owns them over 45 million
http://chapter11cases.com/largest-unsecured-creditors-of-thq-inc/
http://chapter11cases.com/largest-unsecured-creditors-of-thq-inc/
They are fucking insane if they think a sequel will sell twice as much as the first game (2.4 million copies of Homefront shipped). Also, if you're going to do a game about America occupied, it should be a game about a modern day Civil War - that would actually be interesting and slightly more plausible than a North Korean invasion (but only slightly).
ii Stryker
Banned
I get the feeling that Mike Kulas had seen this coming which is why he left after SR3 was all but in the can.
THQ will join the ranks of Acclaim, Midway, Atari, etc. etc.
THQ will join the ranks of Acclaim, Midway, Atari, etc. etc.
Pachterballs
Banned
How can a company that sells that many games, go bankrupt like THQ has?
Bad management, a big bomb(uDraw).
Jake Tower
Banned
Rubin is gonna Gordon Gecko the company.
Green Yoshi
Member
Nintendo should buy THQ, so the WiiU would be more attractive to core gamers. But that would be very untypical for Nintendo, they don't do such things.
victreeb3l
Member
Preparing myself for Relic to be bought by a company I hate deeply.....
@$%& this life.
Oh is that all?
@$%& this life.
Oh is that all?
Of all the major publisher bankruptcies, this one is the most surprising. Though THQ has been on the ropes for a while, Saints Row, Metro, Darksiders, Company of Heroes, Dawn of War, and Homefront are all franchises that have more worth than the current financial situation would have you believe. I sincerely hope they do end up in the hands of somebody who cares about them, and won't just acquire all the licenses and tarnish them with poor management.
EternalGamer
Banned
Mr.Awesome
Banned
Anyone know what the bid was by Clearwater?
pieatorium
Member
nvm i got my lyrics mixed up :O