Jump to content

THQ Chapter 11


Aussiezoom
 Share

Recommended Posts

As we bid farewell to a great publisher THQ as it circles the drain.its carcess is being picked clean.

 

In a letter sent by THQ CEO Brian Farrell and president Jason Rubin to employees has stated that at least five other publishers will be buying the company's games

 

As it closes its doors, Polygon has reported.At the hearing held in Delaware overnight, a number of studios acquired some of THQ's hottest properties (PDF):

 

Sega bought subsidiary studio Relic for US$26.6 million, acquiring the Company of Heroes franchise and bringing in some Warhammer veterans

 

Ubisoft bought THQ Montreal for US$2.5 million, which includes 1666 and Underdog, and South Park: The Stick of Truth for US$3.3 million

 

Take Two bought the intellectual property for upcoming game Evolve for US$10.9 million, outbidding the game's actual developer, Turtle Rock Studios

 

Koch Media, which owns Deep Silver, bought Volition, including the Saints Row franchise, for US$22.3 million, and the Metro franchise for US$5.9 million

 

Crytek bought the Homefront franchise for US$544,218.

 

Other THQ assets were not included in the sale; the company still hopes to find other buyers, but employees working on those titles will be made redundant.Farrell and Rubin concluded:The work that you all have done as part of the THQ family is imaginative, creative, artistic and highly valued by our loyal gamers. We are proud of what we have accomplished despite today's outcome. It has been our privilege to work alongside the entire THQ team...

 

Thank you all for your dedication and for sharing your talent with the THQ team. We wish you the best of luck and hope you will keep in touch.

Edited by Aussiezoom
Link to comment
Share on other sites

 Share

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.