THQ files for bankruptcy, continuing to make games

by Ben Salter Featured 9 Comments 31 Votes 4248 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://pc.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 PC Content

Mortal Kombat X - Buying It?

Mortal Kombat X - Buying It?

4 days ago Polls 4 6
Watch the Star Wars Battlefront ''reveal'' trailer

Watch the Star Wars Battlefront ''reveal'' trailer

Gryllis 11 hours News 0 2
Star Wars Battlefront is 60 frames on all platforms
Gryllis 11 hours News 1 4
Star Wars Battlefront has no single-player campaign
Gryllis 11 hours News 3 3
7 GTA V mods that absolutely need to happen
Tano 1 day Articles 2 8
Homeworld Collection has been remastered for PC

Homeworld Collection has been remastered for PC

Gryllis 1 day News 1 1
Top 10 Star Wars games of all-time

Top 10 Star Wars games of all-time

Gryllis 1 day Articles 22 26
GTA V PC Cheats

GTA V PC Cheats

Tano 1 day Articles 15 19

Community Content

Work Experience at The MMGN Office

Work Experience at The MMGN Office

12/01/2015 Blog 10 0

MMGN Updates

Status
Updating..
Username

Annie6562, Apple24, louisetice, Kakaduplum commented on The Gunman Double Pass Giveaway

Annie6562 1 hour ago
Username

voiletmay, cheyne04 commented on The Gunman Double Pass Giveaway

voiletmay 7 hours ago
Username

commented on 7 GTA V mods that absolutely need to happen

zurczner 7 hours ago
Username

zurczner, Doyl commented on GTA V PC breaks Steam record for concurrent players

zurczner 7 hours ago
Username

zurczner, Shenron commented on Top 10 Star Wars games of all-time: The Force is strong with these ones

zurczner 7 hours ago
Username

commented on Homeworld Collection has been remastered for PC

Zinker 1 day ago
Username

commented on 7 GTA V mods that absolutely need to happen

Zinker 1 day ago