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THQ's stock drops 50% after earnings implosion, [Tanks 22%+ again, worth $7.95M]

grimshawish

Banned
Dec 30, 2011
9,162
0
0
Not unexpected. They basically boarded up the windows and unplugged the telephones whilst putting a sign on their front door proclaiming:

"Everything is fine. We'll be back in 6 months."

; and a for sale sign just above it.
 

metalslimer

Member
Jun 9, 2012
26,528
0
0
Nintendo will buy it.
Nintendo isn't dumb enough to blow their money on something that will lose them money. They should think about some IP and studio acquisitions (Darksiders?)

Oh and I said THQ wouldn't make it through the end of next year, well now I'm not sure they will make it through the middle of next year.
 
Nov 8, 2010
10,115
1
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I swear if they fuck up Metro LL I'm going Berserk.

This company is just unbelievable. I'm still pissed at them killing off De Blobs developers.
 

Pooya

Member
Aug 12, 2009
19,861
0
970
hope someone picks up CoH2 and Relic, don't think they will last till then.
 

Goldenroad

Member
Jun 14, 2012
8,422
0
0
Canada
I really don't even know what games they have on the horizon right now. Is that Saints Row 3 expansion/sequel still in the works? I know they canned that Insanity game and have said they are done with Red Faction. What's the next release THQ has lined up? It seems like it may be worth buying just as some sort of historical document.
 

Jtrizzy

Member
Jun 20, 2007
8,667
0
0
North Carolina
Couldn't Matt and trey or comedy central self fund the game and find a new publisher? I'd think they easily have 30 million laying around. You'd have to think the game will be successful enough to make their money back at least.
 

iceatcs

Junior Member
Jul 9, 2007
10,615
0
1,110
London
Nintendo isn't dumb enough to blow their money on something that will lose them money. They should think about some IP and studio acquisitions (Darksiders?)

Oh and I said THQ wouldn't make it through the end of next year, well now I'm not sure they will make it through the middle of next year.
I'm sure Nintendo would love South Park, Darksiders, WWE and Saint Row IP.
 

ezekial45

Banned
Aug 4, 2006
24,276
1
0
33
San Francisco, California
At one point they were the third largest game publisher by revenue.

They've since ceded to position to Ubisoft and are sinking way down the chart.
Yes, I know - but they made claims they would have an even bigger presence after their rebranding. I mean, what about their studio in Montreal working on the AC guy's new game?
 
What are their debt levels like?
At least $100 million, but we're looking at a bunch of bad debt from licensing fees as well.

I'm not sure if that's been written off already though.

I think the $100 million is the only capitalized debt however, so that might be the only extra part someone who buys them would have to pay.

Yes, I know - but they made claims they would have an even bigger presence after their rebranding. I mean, what about their studio in Montreal working on the AC guy's new game?
Well, I mean, Saints Row 3 was quite successful.

They just don't have the money to try and turn themselves around anymore.

The publishers who take up their brands and studios in the liquidation sale will probably be quite happy.
 

Alrus

Member
Apr 4, 2010
9,787
0
595
Belgium
Nobody will buy them outright, there's no point in doing that. Easier to wait till they go completely bankrupt then shop for their valuable IPs. Kind of like WB did with Midway.

THQ's fate is pretty sad considering they have a few successful brands and they still couldn't save themselves...
 

kms_md

Member
Nov 2, 2011
700
0
0
Why would anyone buy it now and incur its outstanding debt? They will be bankrupt soon enough and any valuable studios/IPs will be had for pennies on the dollar.

Edit - beaten by a minute
 

Neo C.

Member
Mar 2, 2007
7,877
0
0
At one point they were the third largest game publisher by revenue.

They've since ceded to position to Ubisoft and are sinking way down the chart.
How did this happen? I remember the time when they made good profits with movie license games and lots of casual games. I understand the industry was tough for them (casuals moving to smart phones), but still...