Rumor: THQ Shelves All Titles Slated for 2014(Updated)
By Date: 01-16-2012 Views:
AWESOME
Responses
Your Reaction?
In a statement given to press today, THQ said:"THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO."
"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."
According to Kevin Dent, a 'ten year veteran from the digital video games industry', THQ has stopped work on the Disney license, cancelled all of their 2014 line up (including its Warhammer 40K MMO) and offered the sale of the business to Asian firms.
Rumor is that THQ is ultimately looking for a sale to save the troubled business. The company has a market cap of just over $45 million - trading in the company was at a new low on Friday of $0.65. THQ has a recent history of closing studios and shelving franchises, and has moved major development to Montreal to take advantage of generous government incentives. Warhammer 40k Dark Millennium Online was first announced in 2007, is currently being offered for sale to other companies.
THQ's projects include Metro: Last Light, Darksiders 2 and Guillermo Del Toro's Insane. Assassin's Creed director Patrice Desilet's joined THQ's Montreal super-studio last year to work on a new project.
