THQ files for bankruptcy, continuing to make games

by Ben Salter Featured 9 Comments 31 Votes 4281 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

Most Anticipated August Game

Most Anticipated August Game

5 days ago Polls 5 6
AC: Syndicate’s Evie isn't a response to Unity drama
Gryllis 1 day News 0 4
First Total War: Warhammer gameplay footage

First Total War: Warhammer gameplay footage

Gryllis 1 day News 0 4
Yooka-Laylee is being published by Team17

Yooka-Laylee is being published by Team17

Gryllis 1 day News 0 5
Fallout 4 building features 'akin to Minecraft'

Fallout 4 building features 'akin to Minecraft'

Tano 1 day News 0 6
30 Big timed exclusive games that didn’t cause outrage

30 Big timed exclusive games that didn’t cause outrage

Gryllis 1 day Articles 1 7
Zombi (no longer U) coming to PS4, Xbox One and PC
Gryllis 1 day News 3 10
New World of Warcraft expansion revealed next week

New World of Warcraft expansion revealed next week

Gryllis 2 days News 0 6
Gamescom 2015 is Xbox One's last hope for Europe

Gamescom 2015 is Xbox One's last hope for Europe

Tano 2 days Articles 1 8

Community Content

Wii U - 2, MMGN - 0

Wii U - 2, MMGN - 0

01/05/2015 Blog 16 1

MMGN Updates

Status
Updating..
Username

Kazanagii, Leasha commented on PlayStation Plus members will soon be able to vote for their freebies

Kazanagii 8 mins ago
Username

Mickyt888, Matrix6 commented on PS4 sales set it up to topple PS2 as best selling console ever

Mickyt888 16 hours ago
Username

commented on PlayStation Plus games revealed for August

stonecold 1 day ago
Username

commented on Most Anticipated August Game

Booth 2 days ago
Username

Jubilee is now Level 31!

Jubilee 2 days ago
Username

commented on Mission: Impossible – Rogue Nation review

Matrix6 2 days ago
Username

brueh just unlocked the Welcomed achievement!

brueh 2 days ago