DeuceGamer
Member
The writing's been on the wall for some time. It's sad because they have some very interesting IP's that should have done good, if they were handled properly.
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THQ's stock drops 50% after earnings implosion, [Tanks 22%+ again, worth $7.95M]
- Thread starter Nirolak
- Start date
AranhaHunter
Banned
THQ owns:
Those seem to be some good IPs that could be purchased on the cheap by Sony, MS, Nintendo, Acti, EA, Ubi, etc. If I were in a position of charge in one of the above companies, I would look into that.
- Darksiders
- Saint's Row
- Red Faction
- Metro
- Warhammer
Those seem to be some good IPs that could be purchased on the cheap by Sony, MS, Nintendo, Acti, EA, Ubi, etc. If I were in a position of charge in one of the above companies, I would look into that.
ElectricBlanketFire
Member
Get the Dudebro guys to do it.
snowdog1971
Banned
Would be a great idea for them, but what happens to a company's debt when bought out by another company..? No idea how these things work tbh.
They've got some very strong IPs too including Saint's Row, WWE, Red Faction, Darksiders and Metro.
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
IIRC they abandoned the licensed gaming business (or other companies brought it in-house) and pushed their own IPs under Bilsen. This is probably a gross over simplification. And, oh yes, the uDraw.
metalslimer
Member
That's exactly it, the shovelwhare emporiium collapsed harder than anything I've ever seen and 99cent games don't bring in nearly as much revenue. Thus the core games initiative over the last few years but they didn't have an established base of IPs to work with like EA with Battlefield and the sports games.
Oh yeah and combine that with uDraw HD being a miserable failure and you have a company that will be bankrupt any day now.
THQ doesn't own Warhammer.
Meatvillain
Banned
This really sucks.
Baron_Calamity
Member
They might be able to find a publisher and transfer the publishing from THQ but I doubt they are willing to buy THQ.
100 million.
2013 is going to be THQ's last year. At least, be alive enough to release the South Park RPG.
They don't have enough cash to make it to calender 2013. Unless they've paid Obsidian all they need to finish it and plan for it to be released for downloads only. Its not going to happen
Well, in 2007 EA proclaimed that EA was on a burning oil platform due to the licensed games industry imploding and having no worthwhile owned IPs, so they rebuilt with a focus on owned IPs, higher quality games, and profitable online components/services like DLC.
THQ stayed on the platform much longer and had way less cash to absorb the cost of shifting.
EA had the cash reserves to spend $2 billion making this shift while still having billions left over for example. THQ has like $20-$30 million left.
They cancelled it in favor of Saints Row 4, but they're releasing (or were) Saints Row 3 with all the DLC.
OldJadedGamer
Banned
THQ doesn't care about the 47%.
dragonflys545
Member
Bring back AKI for wrestling games!
metalslimer
Member
The biggest problem is they don't have the money to market South Park thus I don't see how they can ever release it.
snoopeasystreet
Member
I could see either Square or Warner picking them up. They have the most to gain from getting teams like Volition and Vigil.
Warhammer is licensed.
Red Faction is dead and worthless. (same as Metro I'd say, hardly any value)
Darksiders, without the studio and the comic artist attached seems pretty worthless too, it was never profitable
The only good one is Saints Row.
Relic IPs (CoH, Homeworld), don't think anybody will find PC RTS attractive these days. they were never big either.
Homefront, this is same as MoH imo, the original sold some decent numbers on top of aggressive marketing (even then it didn't break even) but I think people learned they lesson even if the sequel is great.
At this point they need cash to finish up their games and release it. More than a global buy, they should search for consoles exclusivity, to be sure the games will be finished, and market them at a low cost. IMO that's were it makes sense for MS, sony and/or Nintendo to take a look.
Baron_Calamity
Member
Yea, they are still hiring like crazy for that one.
legacyzero
Banned
DAREALGUMMY
Member
Man...there goes another one.
There are a lot of reasons, but basically it boils down to mismanagement. Overspending on expensive long term licensing fees, including licenses that they were not actively making games on. The uDraw tablet fiasco. Spending far too much money to try and become play with the big boys with their attempt at a AAA FPS developer with Homefront. Spending far too much on studio aqcuisition to the point where between on year and the next their staff ballooned to three times as many employees as the year before.
Any of these would be bad mistakes. Most of these mistakes were made right around the same time as each other. The fact that Farrell is still CEO astounds me.
tamaster92
Member
Sad to see this, relic, volition, 40k games, South Park, metro, hell even darksiders. THQ make some top notch games.
someguyinahat
Member
This is so sad, not even the picture of the red balloons would be amusing at this point.
Would still be amusing
El Pescado
Member
Quick! Someone grab the WWE license and give it to AKI/Syn Sophia!
Smiles and Cries
Member
THQ will be missed
please. it's more like a 'poof' at this point.
I demand Valve buy Relic and their IP.
ItWasMeantToBe19
Banned
This is a major oversimplification, THQ has released many other products which sold horribly and lost far more money. uDraw HD was just the last straw of THQ realizing they weren't going to find a savior.
metalslimer
Member
I get the feeling THQ definitely won't be publishing a game like that that isn't a sure investment.
razgriz417
Member
Fuck you Bilson!!!!
I really don't want THQ to fold, I love Relic and Volition too much, god I hope they pull through or are bought out. Really don't want great studios like that to be ripped apart :/
I really don't want THQ to fold, I love Relic and Volition too much, god I hope they pull through or are bought out. Really don't want great studios like that to be ripped apart :/
DAREALGUMMY
Member
Yes, but Metro is so close. We're only a couple months away! I need more Metro 2033 in my life.
chaosblade
Unconfirmed Member
I think it was a really bad idea to pass on Big Huge Games, and they'll probably pass on Vigil and Volition. Getting some talented western studios under their belts is the only way they're going to get big, quality western exclusives. EA, Activision, Ubisoft, etc aren't going to do it, and multiplatform games are not going to sell WiiUs in NA over PS4s and Xbox3s.
I wouldn't be surprised if Microsoft or EA leads on picking THQs corpse or outright buys them for the studios and IPs.
Well, I mean, any project that is basically finished will make it to market by one publisher or another.
It's things after these next three games that are at danger (along with the existence of the studios).
Shoulda gone with my proposed title.