Today, THQ was officially sold and auctioned off. Within the next few weeks, the struggling video game publisher will be no more.
Continuing an internal reorganization that has seen casual titles tossed out in favor of a focus on more core video gaming titles, THQ has jettisoned its ValuSoft division. ValuSoft, per its name, was the publisher's "value" label, which is a polite term for shovelware that grandmas bought from Walmart for their…
Saints Row and Red Faction publisher THQ is cutting jobs, studios and games in a major way today, "strategically realigning" hundreds out of work and putting an end to the MX vs. ATV franchise.
Publisher THQ had some good news and bad news to deliver today, starting with the not-so-great results from its last financial year. The publisher lost a cool $136 million USD. But it had some good news for fans of Metro 2033, Homefront and the very successful uDraw gaming tablet that hit the Wii last year.
The people who publish video games Red Faction, Saints Row, UFC Undisputed and, soon, Homefront are putting the old THQ out to pasture. At least, that's where the logo is going. This is the new "THQ."
Games now cost between $50-60. That's a lot of money for something that in many cases is done with after 4-6 hours. It's nice to see publishers THQ looking at whether that's the right way to do business.
So says THQ bossman Brian Farrell, who calms one of our fears about Sony and Microsoft's venture into the motion control space with PlayStation Move and Project Natal, respectively. His company, at least, sounds uninterested in straight up Wii ports.
THQ's recent Martian hit Red Faction Guerrilla will get a sequel sooner than you may have expected, with the publisher's CEO announcing that a follow-up is in the works. And you'll get a look at it at this year's E3.