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Rumor: THQ Cancels Their 2014 Line-Up & MMO, Looking For Buyers [Up: THQ Responds]

JJConrad

Sucks at viral marketing
Not at all. All three of these companies already have full slates of releases and have actually cut down on new IPs and iterations on their medium-sized franchises (see Nirolak's commentary on EA going from a 70-game publisher to a 25-game publisher.) All of THQ's assets are essentially redundancies for any of these publishers; they'd wind up firing most of the staff and sitting on most of the IPs, which would be a huge waste of money even at these bargain basement prices. The best two candidates I've seen mentioned in the thread are WB and Square-Enix.

WB has a relatively strong business going but their slate of titles is pretty thin (MK, FEAR, and Batman being their only big releases at the moment), which means they're well-positioned to take on 4-5 new major franchises and work them into their rotation. They're also the arm of a major conglomerate, so they can afford to take on a bunch of ongoing projects at once and spend the time to correctly curate and cull them without running into the same kind of cashflow issues THQ did.

Square-Enix has redefined itself as a primarily Western publisher thanks to its purchase of Eidos, but it still only has about 4-5 viable franchises in its current state, covering a very narrow genre range. Absorbing THQ would give SE a successful open-world franchise as well as teams who work in strategy and 3D action, and a nearly-finished MMO they can ship. There'd be basically no redundancy (in terms of product niches) between Eidos and THQ here, Square-Enix has already demonstrated a (kind of remarkable) ability to smoothly incorporate a Western publisher's operations into their fold, and it'd help SE achieve their goal of entering the upper echelons of Western publishers.

Past those two I'm not thinking of anyone else who'd have good reason to buy the whole package, but I might be forgetting someone, and there are a lot of people who could easily buy up the individual studios one by one -- Vigil, Volition, and Relic should all be worthwhile at the kinds of prices they'll be offered at.
Disney could be a potentially good suitor. They already have a relationship. It would depend on how much they're looking to expand.
 

Nirolak

Mrgrgr
So what was the proximate cause here? I mean, I know there's been a lot of financial problems long brewing, but was the final straw the uDraw PS360 stuff?

Cash crunch.

They signed up a Wells Fargo lone that had milestones and they have to pay back by the end of the fiscal year.

They won't have enough cash to market their games effectively next year or pay staff when their games bomb because of it.

But yes, uDraw, poor catalog sales, and likely bad UFC pre-orders are killing them to the point where they know they can't hit their sales milestones.
 
Bollocks. THQ have put out some fantastic and unique content this generation. Hopefully Volition and Relic remain untouched, but that looks unlikely.
 

Totobeni

An blind dancing ho
This sucks for fans of a lot of the IPs that were under THQ, but I never had interest in any of them except for Darksiders. So as long as Vigil can continue to find a publisher for any Darksiders games, I'm good.

Still..bad scenarios that can happen here for you..Like

1-Publisher buy THQ IPs and studio but already have RPG developers so shut down Vigil and let it's own studio to make new Darksiders games.

2-THQ sells Vigil to someone then sells Darksiders IP to someone else.
 

EatChildren

Currently polling second in Australia's federal election (first in the Gold Coast), this feral may one day be your Bogan King.
So what was the proximate cause here? I mean, I know there's been a lot of financial problems long brewing, but was the final straw the uDraw PS360 stuff?

Most probably, yes. They were a huge financial investment and tanked unbelievably badly. The price keeps dropping and still nobody wants them.

But yes, uDraw, poor catalog sales, and likely bad UFC pre-orders are killing them to the point where they know they can't hit their sales milestones.

The next UFC is pre-ordering quite well here, actually. Nothing amazing, but still quite good. I checked it the other day.
 

Nirolak

Mrgrgr
Most probably, yes. They were a huge financial investment and tanked unbelievably badly. The price keeps dropping and still nobody wants them.

Any signs of how UFC is doing on your end btw?

That used to sell 4 million, then went down to 2.6 million, and if this one dropped much further...

Edit: I see you've answered already!

Is this the sigil 40k mmo?

Vigil yeah, the Darksiders people.

The studio was actually created to make it.
 

Opiate

Member
So what was the proximate cause here? I mean, I know there's been a lot of financial problems long brewing, but was the final straw the uDraw PS360 stuff?

It wasn't specific to any game, it was specific to cash. Cash is always the final arbiter.

They've simply run out of cash and cash equivalents. They could pay their loans back but then they couldn't make payroll.

Edit: I see this has already been answered.
 

zinder

Member
Well this sucks. Hope Volition and Vigil games survive. Would hate to see them sinking....


Also, doesn't THQ own 4A Games aswell (Metro)? Please don't let this affect Last Light :(
 
They have quite a few talented teams and a handful of popular ip. I'm optimistic that a lot of these guys will land on their feet at other publishers. Hopefully pubs with better business sense.

You have to wonder how much they lost on a game like Space Marine.

Edit: seems Gabestradamus was right about taking toxic loans.
 

Nirolak

Mrgrgr
Well this sucks. Hope Volition and Vigil games survive. Would hate to see them sinking....


Also, doesn't THQ own 4A Games aswell (Metro)? Please don't let this affect Last Light :(

They're just publishing 4A.

They own the rights to Last Light though.
 
How big/rich is Zenimax? Would they have any interest in picking up any of the studios?

I think if THQ wanted to sell studios and IPs seperately then the company itself Zenimax would grab Volition and SR, but who knows if THQ wants that. By selling Volition, Relic, and Vigil they greatly reduce their overall value

Despite Microsoft moving to a smaller 1st/2nd party structure I wouldn't be surprised to see them snag Vigil and Volition. I doubt they would want the Darksiders IP but would get the SR one. Having a SR exclusive game, early in the next gen cycle could do big things. Vigil doing a new IP with similar structure to Darksiders would fill a genre MS has never been able to.
 
So what was the proximate cause here? I mean, I know there's been a lot of financial problems long brewing, but was the final straw the uDraw PS360 stuff?
I think their whole 2011 line-up bombed or underperformed. Homefront, Space Marine and Saints Row didn't do so good in the end. Red Faction and uDraw bombed hard. And their line-up for 2012-2013 isn't filled with million sellers either.

They wanted to compete with the big boys, but just don't have the right games for it.
 

zinder

Member
Any signs of how UFC is doing on your end btw?

That used to sell 4 million, then went down to 2.6 million, and if this one dropped much further...

Edit: I see you've answered already!



Vigil yeah, the Darksiders people.

The studio was actually created to make it.


UFC 3 will sell well seeing how much this sport has grown and how much marketing this game is getting. It's been 2 years since the last one as well. Probably won't sell as good as the first one though.
 

Acosta

Member
BTW, how reliable is the source?

I know THQ has been in deep trouble for a while and this makes sense, but still...
 

yencid

Member
So this means that the 4 horseman story wont continue past the point of the first darksiders game right? I mean darksiders 2 takes place along darksiders one so...
 
Good god someone save Relic.

SOMEONE SAVE RELIC RIGHT GOD DAMNED NOW

EA will probably end up with them, and we all know about EA....

analrapist-400x245.jpg
 
Really terrible news. I hope all the studios find new homes that suit them.

As much as I like the idea of folding Vigil into Retro, I don't think Nintendo has bought up a western company since...Retro.
 

Nirolak

Mrgrgr
BTW, how reliable is the source?

I know THQ has been in deep trouble for a while and this makes sense, but still...

Philip Kollar and Arthur Gies seem to believe him, and they should both have enough sources to know whether this is true or not.
 
So this means that the 4 horseman story wont continue past the point of the first darksiders game right? I mean darksiders 2 takes place along darksiders one so...

I'd be very surprised if someone didn't pick up Darksiders, the creator might even buy the rights back from THQ considering he's planning comic books and a movie.
 

chris3116

Member
As for THQ, I was never a fan of them except of their wrestling games. Infact, I'd like to see where the WWE will go for their video games. Could EA or Activision snap the licence?

Hell if Nintendo actually bought Vigil they'd probably just fold the staff into Retro Studios since both are based out of Austin.

Could be true? Retro did hire some former Vigil artists.

http://www.neogaf.com/forum/showthread.php?t=458438&highlight=retro+studios

I would not be surprised if Retro offers more jobs.
 
Square-Enix likely picked up True Crime to fill their open world gap. That will be rebranded and marketed as their own exclusive sandbox game.

True, but Saint's Row is already a somewhat successful proven franchise. But good point.

Relic's work on RTS might interest them though, given they don't really have anything in that genre, but they might not see the genre as worth the investment either.

To some degree I think it's just about diversification for its own sake. In a vacuum, SE might not be interested in an RTS, but given the opportunity to pick up an efficient developer who makes steadily profitable efforts in that space for a song, it might be worthwhile just as a way to establish a steady moneymaker in one more place outside their current coverage.

SE/WB are the two best picks though, I agree. WB is probably the better of the two I'd say, since they seem very eager to grow their interactive branch and, as you pointed out, are in need of new IPs and have the money to spend.

Yep, I agree. The more I think about it, WB would be a very good fit -- I had forgotten that WB had already just gone through this process with Midway and seem to have emerged pretty effectively with MK, so like I was saying with SE I think WB also have the demonstrated ability to make a deal like this and actually convert their new assets successfully.
 
If they fall over that means all of their games would disappear from digital distributions wouldnt it? If someone doesn't own the IP and the game rights then they get pulled immediately I am pretty sure.
 

Totobeni

An blind dancing ho
No shit. That would be the worst.

Activision already shat on and cancelled and sold Ture Crime so I don't think they care about sandbox games.

EA have ridiculous strategy and want to have hand in every genre(and steals fans of the top games in every genre),so by getting SR and Volition they might get some of Rockstar market ..so maybe :(
 

Corto

Member
Damn. Well in the "silver-linings" column, there's a good chance we'll see a Going Out of Business sale on Steam.

Their games are always among the ones heavily discounted on Steam sales already. I own pretty much all of their games that would interest me bought at rebate prices.
 
Don't they have a lot of good selling games ? What happened to them ?
They spend a lot of money on stuff like Homefront, uDraw PS360, RF:A, Blob 2 and Space Marine without attracting the necessary audience.

Relic is one of the best studio of all time ! EA please stay away !!!
This! EA, MS and the likes keep your filthy hands from them and kill off other studios please.

You are so mistaken. First few hours is action packed, and after that... SO GOOD. Perfect blend of action and zelda and awesomness and badassery.
Gave it a fair shot, bored me, went on. If I can reduce my backlog one of these days I might give it another try.
 

TheNatural

My Member!
A little note about THQ. I was looking for some cheap fitness games on Wii the other day, was going to look into getting UFC Personal Trainer, and looked up info on it and basically THQ released a bum game that freezes up to the point where the Wii has to be physically shut down by unplugging the system. There are hundreds of complaints about this and they've done nothing about it. They releases a game who's quality control literally lacked to the point where the game literally breaks the system.

There are videos of WWE 12 out there where wrestlers are contorting themselves in ridiculous ways because of how glitchy it is.

Other lolz include the Homefront promotional debacle, where they released hundreds of balloons that promptly flew into the Pacific Ocean. They turned Saints Row 3 into a DLC machine instead of a complete game. I played the first UFC game, and the novelty of it was great and the gameplay was good, but no one got the fact that running though 20 menu screens to get to actually play isn't fun.

THQ is the Acclaim of 2012. The company itself deserves to go under for it's complete lack of quality control, and you can tell they're under the gun trying to get games released without making sure they're not broken.

When I say THQ deserves to go under, that doesn't mean the development studios necessarily do. Volition is the gem in this crap heap, and I'm hoping Rockstar Games picks them up and lets them work on the next GTA or lets them keep making a Saints Row type alternative game under the Rockstar banner. RIP THQ.
 
I'd be very surprised if someone didn't pick up Darksiders, the creator might even buy the rights back from THQ considering he's planning comic books and a movie.
Joe Mad is also doing work for Marvel on the side (where he originally made his name).

Imagine if Disney acquired them and put them to work in hopes of finally creating some decent action-adventure Marvel games.
 
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