THQ Files For Chapter 11 Bankruptcy

[Loose]

The publisher behind games like Saints Row and Homefront has filed for bankruptcy.

THQ is going to Chapter 11, the company said in a press release today. They'll continue to operate as normal—in other words, all future games will continue as planned—as they go through the bankruptcy process.

"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," CEO Brian Farrell said in the press release.

"We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition. We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible."

THQ emphasized that this bankruptcy will not affect any of the games they currently have in production, a library that includes Metro: Last Light, South Park: The Stick of Truth, and Homefront II.

"All of the company's studios remain open, and all development teams continue," the press release reads. "The company remains confident in its existing pipeline of games."

 

[MidniteJay]

So Devil's Third is safe? I haven't heard squat about the game since THQ started having problems. I hope it's not vapor ware. Shame that this had to happen to them though

 

[courtdog]

Microsoft needs to go head and cop that

 

[storyteller]

So besides South Park...do they have any franchises I still care about?

 

[KevCo]

So besides South Park...do they have any franchises I still care about?

Only if ur a wrestling fan

 

[Bud Bundy]

meh

 

[Wild self]

This is gonna keep on happening in the next console generation.

 

[CTech83]

I saw this coming. Hopefully someone picks up Darksiders from them

 

[Ill-Mind]

So Devil's Third is safe? I haven't heard squat about the game since THQ started having problems. I hope it's not vapor ware. Shame that this had to happen to them though

They gave the rights back to Itagaki a while ago, so he's looking for a publisher right now

 

[Heelish]

and I had no idea South Park had any more video games past the racing game

 

[Dirty Mcdrawz]

metro last light is still being release so i'm good

 

[MikelArteta]

For making me buying wack ass wcw thunder as a child thq deserves this

 

[LastEmperor2k2]

Good someone else can hopefully by the WWE license and make No Mercy 2013

 

[StarClout]

Please somebody buy the WWE license, throw Yukes in the bushes, and bring AKI back to make new WWE games

 

[CTech83]

Good someone else can hopefully by the WWE license and make No Mercy 2013

I stopped watching wrestling like 10 years ago, but i'd buy that shyt in a heart beat.