THQ denies the rumours that they’ve cancelled 2014 projects; issues statement

Posted By | On 16th, Jan. 2012 Under News | Follow This Author @KartikMdgl


So, uh, earlier we had a rumour floating around that THQ has cancelled all projects for 2014, and are looking for buyers for the company. THQ has refuted that, and have released a statement.

Now, THQ isn’t doing that good, as their market capitalisation is $50 million… So they may be bought out eventually by someone. But at this time, looks like that isn’t the case.

This is what they said:

As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.

Usual PR stuff…

Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the #5 publisher overall, #4 third party, with reported sell through growing over 18% in a market that was down almost 6%. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.

Yeah, so this is the case right now. We will keep you updated if stuff hits the fan.

Tell us what you think in the comments section below.

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