...to note I mean that in the very short term sense.
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THQ files Chapter 11 Bankruptcy, Clearlake enters w/ purchase agreement [OP Update 2]
- Thread starter Mr.Awesome
- Start date
...to note I mean that in the very short term sense.
Shao Kahn Brewing a Stew
Banned
Not very realistic. Nintendo won't fuck around the PC market (where THQ makes a lot of their revenue) and Microsoft will make nothing making the few IPs Xbox exclusive, and I don't think they'll invest in PC market as well.
Warner Bros, EA or Activision are the big three to acquire them. More realistic answer: IPs will be split up. EA may and will take WWE. Activision may take Warhammer and South Park. etc etc.
Slim to none
zomgbbqftw
Banned
It is impossible, there is no way that Clearlake keep hold of THQ, it's just not their business model.
The two options are:
1. Clearlake load up the new subsidiary, THQ, with preferential debt and sell them as a whole company to the highest bidder.
2. Clearlake break up the company and sell the assets one by one after signing sweetheart deals with key talent.
Of these two, the second option is the most likely.
I mean, I agree with you, but like I can't promise this 100%.
I changed "a bit" to "incredibly" though.
TheVoidDragon
Member
I'm not too sure what most of this means. Is it a good or bad thing? I was hoping the IPs wouldn't be sold off, i think other publishers would ruin them.It seems like they are planning on carrying on as normal for now, which is good i suppose.
Clay Davis
Member
I'll be sad to see them go, but I hope someone comes in and buys volition as well as some of their more lucrative titles.
saints row and red faction need to be saved. they are too important to be left to fade into obscurity.
saints row and red faction need to be saved. they are too important to be left to fade into obscurity.
metalslimer
Member
No one is going to acquire THQ outright. I think the question should be who is likely to buy their IPs and I think everyone would be interested in something like Saints Row.
AHA-Lambda
Member
.
Sad to see them go down tbh. They were one of the few AAA publishers not regurgitating the same old crap every year.
I also really hope South Park comes out of this alright.
ThoughtsOfSpeaking
Banned
Goodbye to the company that made some of the most fun videogames this generation.
Say what you want about the company but they were a good counterpoint to the shooter and cinematic crap being pushed by every other publisher.
Games like saints row and darksiders just won't exist elsewhere, not without MAJOR revisions to their formulas.
Thq was like an American sega, just without the talent. I will miss them.
Say what you want about the company but they were a good counterpoint to the shooter and cinematic crap being pushed by every other publisher.
Games like saints row and darksiders just won't exist elsewhere, not without MAJOR revisions to their formulas.
Thq was like an American sega, just without the talent. I will miss them.
I'd be floored if that wasn't the case. Also I'd suspect that whoever worked on the contract on the WWE's side would also be looking for a new job if that happened.
The IP will not remain under one roof for very long, eventually it's going to be sold off. The only real question is how long Clearlake intends to run THQ before it starts the sale.
Haha, fair point.
We'll find out when EA releases a press release about signing a WWE license.
EternalGamer
Banned
Rubins was smart. He got on board with just enough time to earn a golden parachute while putting in a minimal amount of work and recieving none of the blame.
Shao Kahn Brewing a Stew
Banned
As a follow-up, I did add this to the top of the OP as well with a note that you follow this part of the industry way more than I do.
Good question.
They are closed? Sold? Sold separately?
Relic and their Montreal studio are in Canada. Apparently they have a External Development Group in China as well.
Oh I'm sure they'll see the light of day, but if the worst happens and THQ is gone, then published by who?
Different publishers could mean very different things for both of those games.
Well, they wouldn't have bought them unless they intend to keep THQ's valuable assets in pristine condition.
At least... not doing so would be very odd.
Busta SMurk
Member
Yeah, so THQ has 2 studios in Canada. One in Vancouver and the other in Montreal. I'm not so sure what the studio in Montreal was up to, but Relic in Vancouver looks pretty busy:
http://en.wikipedia.org/wiki/Relic_Entertainment
I'm no so sure these studio's are part of the deal with Clearlake based on some of the information in the article.
So what happens to these studios then?
http://en.wikipedia.org/wiki/Relic_Entertainment
I'm no so sure these studio's are part of the deal with Clearlake based on some of the information in the article.
So what happens to these studios then?
As long as Metro Last Light is ok.
I think they get bought, but don't file for Chapter 11 bankruptcy.
I'm not an expert, but I'm assuming Canada doesn't have the same bankruptcy laws as the U.S.
tamaster92
Member
Good luck to the amazing and talented studios at THQ.
Volition, relic et al
Volition, relic et al
MuddyDonut
Member
Ah yes our great resident financial expert zomgbbqftw
Sentenza
Member
Unlikely, and even if that was the case they would be as good as dead.
Sapphire Dreams
Member
This is Midway all over again, this gen is just depressing...
Deadly Cyclone
Pride of Iowa State
THQ is still around and will be for a while...
zomgbbqftw
Banned
Ah yes our great resident financial expert zomgbbqftw
D:
Ah yes our great resident financial expert zomgbbqftw
zomgbbqwtf, he has a funny name, but he knows banks an' shit.
Activision is never getting Warhammer. Games Workshop is protective as fuck of the brand and Activision has the sigma of running franchises into the ground and not knowing what the fuck to do with licensed products.
And Microsoft has looked into buying THQ this year but the debt involved probably soured the deal.
YuriLowell
Member
So what does this mean for all future THQ games?
Busta SMurk
Member
Ahhhh yes, you are right. I missed that. All assets are being acquired by Clearlake, and the studio's in Canada are subjected to the same bankruptcy filings. Now what happens in a case like this, i have no freaking idea. I'm presuming they would file separately in Canada?
The ones that are in the development process and can be released relatively soon will get finished and released. Anything in pre-production will likely be halted.
metalslimer
Member
It was successful initially on the Wii. The PS3/360 versions failed miserably and it seems the Wii version petered out too after a couple months of success. I saw some on sale for 15 bucks the other day and was almost tempted just for gift.
IdreamofHIME
Member
It's a very different thing, apples and oranges etc.
THQ the brand will survive, but who gives two shits about them? They will clear out anything of value like Volition, Relic and Vigil, probably drop their WWE license too. Those are what concerns gamers, the actual people within the corporation making the games.
It's gonna be like the fall of Midway and Acclaim.