THQ is dead.

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thq-logoTHQ wasn’t sold to another company when it filed for bankruptcy; that plan fell through and a month later they’re dead. Fortunately many of THQ’s top properties and studios  found new homes but not everyone was so fortunate. The most significant casualty of all this is the end of Vigil Studios who developed the DarkSiders franchise.

Here’s what was sold, who bought it and for how much:

  • Relic Entertainment (Company of Heroes) was purchased by Sega for $26 million
  • Volition (Saints Row, Red Faction) was purchased by Koch Media (publisher of Dead Island) for $22.3 million
  • Evolve” developed by Turtle Rock Studios (Left4Dead 1 & 2) was purchased by Take-Two Interactive for $11 million
  • “Metro” franchise was purchased by Koch Media for $5.8 million
  • South Park” license was purchased by Ubisoft for $3.2 million
  • THQ Montreal (incl. Patrice Desilets) was purchased by Ubisoft for $2.5 million
  • Homefront” franchise was purchased by Crytek for $500,000

Honestly this covers most of what I’ve come to know THQ for and it’s good to know that most of it is going somewhere. Legacy IP like Red Faction and Homeworld will be auctioned off at a later date.

Good bye Toys Headquarters. Thanks for giving a valiant effort towards the end of your life.

THQ files for bankruptcy. Has new owner.

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thq-logoTHQ is dead, long live THQ.

THQ filed for bankruptcy and found itself a new owner all in the same day. My reaction? That’s a lot of paperwork.

I’m pleased that THQ can continue living along with its successful studios and franchises. Just look at what they have coming up:

  • Company of Heroes 2
  • Saints Row 4
  • Metro: Last Light

And that’s just three titles that I can think of off the top of my head.

For the nitty gritty details and findings from this bankruptcy/sale, may I suggest this NeoGAF post.

Ziff Davis Files for Chapter 11

posted in: Game News | 0

Ziff Davis, owner of 1UP, Games for Windows, EGM and GameVideos.com, filed for Chapter 11 AKA bankruptcy protection. The company has been in trouble for quite some me now and this latest piece of news does not exactly bode well for the publisher.

In addition to the troubling news, is the announcement of 1UP’s Bryan Intihar leaving for a “game development” gig. He’s the “Sports Guy” and was Previews Editor for quite awhile. He’s known for his hilarious loudness on several podcasts and he will be missed. A few people blame it on the 1UP Yours curse. I tend to agree.