THQ files for bankruptcy, continuing to make games

by Ben Salter Featured 9 Comments 31 Votes 4447 Views 20/12/2012 Back to News

THQ has filed for Chapter 11 bankruptcy. However, it will continue to operate as normal and release all planned games during the bankruptcy process.

Those games include Metro: Last Light, South Park: The Stick of Truth, Company of Heroes 2 and Homefront II.

All studios remain open and development is continuing as normal.

"The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent," said CEO Brian Farrell.

Chapter 11 means it has secured funding from an outside investor. MGM, the distributor of Skyfall, used a similar method of refinancing two years ago.

By Ben Salter

Link to us http://PS3.mmgn.com/News/thq-files-for-bankruptcy-continuing-to-m
Vote for this article Log in with Facebook

THQ files for bankruptcy, continuing to make games Comments

Leave a comment Log in with Facebook
www.thq.com/...

Regarding who buys up the IP held by THQ.
Nintendo should buy all of those games mainly to piss off PS3 and XBOX fans.

kangle4 said: Nintendo should buy all of those games mainly to piss off PS3 and XBOX fans.


agree they would probaby act the someway they did when the found out Bayonetta 2 is a Wii U exclusive
FFFFUUUUUUU
Guess it sort of explains the latest humble bundle, a last grab for cash maybe.

This really sucks, THQ might not be a massive name like Activision or EA but they are one of the last great publisher/developers and who aren't dicks putting crappy DRM on their games, they know steam is enough.
We'll never see Saints Row 4 :*O

Oh wait GTA.

kangle4 said: Nintendo should buy all of those games mainly to piss off PS3 and XBOX fans.



Then they will have a deal with The "PC Master Race"

Company of Heroes 2, It better get finished.
really sad loved saints row the third :'(
damn i was really impressed with WWE 12 and WWE 13. I wonder who will take over the wrestling franchise now.
I could never foreseen this happen 5 years ago! Damn you economy!

Post a comment

Leave a comment Log in with Facebook

Recently Read

Featured PS3 Content

GOTY 2015: Best Game Of 2015

GOTY 2015: Best Game Of 2015

22/12/2015 Polls 16 14
Friendly Fire Show 122: The Finale

Friendly Fire Show 122: The Finale

Podcast 21/03 Articles 15 6
Friendly Fire Show 121
Podcast 15/03 Articles 5 3
Australian game sales approach $3b, mostly digital
maxiboy 13/03 News 10 10
Target store in SA displays games in plain packaging

Target store in SA displays games in plain packaging

maxiboy 13/03 News 6 11
Friendly Fire Show 120: I swear, by the Sun and Moon...
Podcast 02/03 Articles 7 1
Friendly Fire Show 119: Weekend at Tano

Friendly Fire Show 119: Weekend at Tano's

Podcast 23/02 Articles 5 1
Friendly Fire Show 118: R.I.P. Tano

Friendly Fire Show 118: R.I.P. Tano

Podcast 11/02 Articles 4 3
Friendly Fire Show 117: It

Friendly Fire Show 117: It's not goodbye, it's Halo!

Podcast 01/02 Articles 8 4

Community Content

Fallout-themed excuses to get the day off

Fallout-themed excuses to get the day off

09/11/2015 Blog 22 0

MMGN Updates

Status
Updating..
Username

Rapsody228 is now Level 13!

Rapsody228 15 hours ago
Username

commented on Australian game sales approach $3b, mostly digital

Ahmed225 2 days ago
Username

commented on Friendly Fire Show 122: The Finale

tenggoro 6 days ago
Username

CybaCowboy wants Red Dead Redemption - Undead Nightmare, Red Dead Redemption, Dead or Alive 5, Gone Home and other 3 games

CybaCowboy 15/05/2016
Username

jonalyn wants Mighty Bomb Jack

jonalyn 14/05/2016
Username

jonalyn got Mighty Bomb Jack

jonalyn 14/05/2016
Username

aaronp0622 wants Grand Theft Auto V, Grand Theft Auto V

aaronp0622 14/05/2016