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Author Topic: THQ shutting down  (Read 4294 times)

Undead Testes

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THQ shutting down
« on: January 24, 2013, 01:47:17 AM »
today was the very last day of THQ.    :o
http://kotaku.com/5978508/a-history-of-thq-1989+2013


Quote
For all intents it happened late last year, but today the results of an auction called it: THQ, formerly one of the biggest video game publishers in the world, is no more.

It's been a hell of a ride.
While technically first formed in 1989 as Trinity Acquisition Corporation, THQ began business proper in 1990, as "Toy Head Quarters", only entering the video game business in September 1990 when it bought the video game arm of Brøderbund, a publisher famous for releasing the original Price of Persia.

Its very first game was...Peter Pan and the Pirates, released in 1991.
« Last Edit: January 24, 2013, 01:58:10 AM by Undead Testes »
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Rooskie

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Re: THQ shutting down
« Reply #1 on: January 24, 2013, 02:16:05 AM »
It's never a good thing to hear about major publishers going under, but let's be real here.  THQ died because it didn't publish the quality titles that gamers are after.  THQ died because it put a lot of eggs in the Darksiders II basket.  THQ died because of uDraw.  THQ is not a name I associate with quality.

Their assets were sold at auction today:
-SEGA has agreed to purchase Relic, developer of Company of Heroes 2 and Warhammer 40,000: Dawn of War.
-Koch Media (owner of Dead Island publisher Deep Silver) has agreed to purchase Saints Row developer Volition as well as the publishing rights to the Metro franchise.
-Crytek, who is currently developing Homefront 2, has purchased the rights to the Homefront franchise.
-Take-Two (parent company of 2K and Rockstar) has agreed to purchase Turtle Rock Studios’ project codenamed Evolve.
-Ubisoft has purchased the rights to publish South Park: The Stick of Truth as well as THQ Montreal, the current developer of Assassin’s Creed creator Patrice Desilets’ project codenamed 1666.

(stolen from http://www.ign.com/articles/2013/01/23/thq-dissolved-saints-row-company-of-heroes-darksiders-devs-acquired )

Kinda funny that nobody has claimed Vigil yet.  It's not good that tons of people in the gaming industry just lost their jobs, but at the same time is anyone going to miss THQ?
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Undead Testes

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Re: THQ shutting down
« Reply #2 on: January 24, 2013, 03:14:36 AM »
im going to kind of miss THQ, when they did put out a good game that i enjoyed i always felt the developers put their all into them, which is rare these days. but it has been a long time since ive played a game made by THQ so i guess i cant really say anything.

and thanks for putting up info Rooskie, sorry i didn't do it.
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Devastating

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Re: THQ shutting down
« Reply #3 on: January 24, 2013, 06:20:27 AM »
Ahhh SHIT.

What about my future Wrestling Games?

Undead Testes

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Re: THQ shutting down
« Reply #4 on: January 24, 2013, 06:29:51 AM »
Ahhh SHIT.

What about my future Wrestling Games?
that was honestly one of my first thoughts when i heard about this.   :))
« Last Edit: January 24, 2013, 06:33:32 AM by Undead Testes »
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Rooskie

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Re: THQ shutting down
« Reply #5 on: January 24, 2013, 04:43:01 PM »
Ahhh SHIT.

What about my future Wrestling Games?
Still rumored at this point, but it looks like Take Two will be taking them.  There might be a small delay (I dunno if they're on a yearly schedule or what) but the WWE will make sure there's a game for you to play in the future.  Vince McMahon is furious over this THQ debacle.  The WWE is apparently losing $45 million on this.
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XX-STR8

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Re: THQ shutting down
« Reply #6 on: January 24, 2013, 06:14:25 PM »
Damn, I was hoping for a Red Faction that was an FPS or something that stuck with its original roots. I loved the first one and hated the second one, played the newer ones a bit and they were pretty cool. It would be nice to see a release of the first game in HD at least. Other than that game I don't remember many games I full out enjoyed that were by THQ. They haven't left a great impression in a while. Oh well, companies come and go.

Rooskie

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Re: THQ shutting down
« Reply #7 on: January 24, 2013, 06:52:52 PM »
Damn, I was hoping for a Red Faction that was an FPS or something that stuck with its original roots. I loved the first one and hated the second one, played the newer ones a bit and they were pretty cool. It would be nice to see a release of the first game in HD at least. Other than that game I don't remember many games I full out enjoyed that were by THQ. They haven't left a great impression in a while. Oh well, companies come and go.
Volition developed Red Faction and they've been purchased by Koch Media, so it might not be impossible to see a new one.
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Undead Testes

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Re: THQ shutting down
« Reply #8 on: January 24, 2013, 10:27:43 PM »
hey Rooskie where did you hear about the $45 million problem WWE is losing? thats a lot of money.
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Aeris

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Re: THQ shutting down
« Reply #9 on: January 25, 2013, 09:13:24 PM »
To me, THQ did put out good games. Much better than the likes of Activison and Capcom, to name a few others.

I honestly don't see why they're out - They were generally a favorable company, they had successful titles (Darksiders, Metro, Saints Row, etc.)

THQ seemed in a better position than others, however they were often damn generous with sales (doing sales in the same month.)

Rooskie

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Re: THQ shutting down
« Reply #10 on: January 26, 2013, 05:02:52 AM »
I honestly don't see why they're out - They were generally a favorable company, they had successful titles (Darksiders, Metro, Saints Row, etc.)

THQ seemed in a better position than others, however they were often damn generous with sales (doing sales in the same month.)
-They lost $100 Million on their uDraw investment on PS3/360
-Red Faction: Armageddon did not sell well
-Homefront did not sell well
-They reported a $136.1 million loss for 2010
-They reported a $239.9 million loss for 2011
-Darksiders II did not break even
-In early November they defaulted on a $50 million loan
-On December 19th they filed for chapter 11 bankruptcy

Activision isn't going anywhere for several reasons, but I'll give you 2:
-World of Warcraft
-Call of Duty
And that's not including anything else Activision Blizzard does, like Skylanders.


Capcom's reasons aren't as obvious, but all of the following Capcom titles/series sell better than anything THQ had:
-Resident Evil
-Mega Man
-Capcom vs Series (Marvel vs Capcom, Capcom vs SNK 2 EO, ..)
-Street Fighter
-Monster Hunter
-Ace Attorney
-Phoenix Wright
-Devil May Cry
-Dead Rising
-Okami
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Aeris

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Re: THQ shutting down
« Reply #11 on: January 26, 2013, 11:15:23 AM »
I can honestly not see this. I understand that Red Faction did not sell well, Homefront makes sense.

But...

Metro: Last Light
Company of Heroes 2
Darksiders II
Saints Row 3
WWE 13

However, there are then people like

http://www.telltalegames.com/
http://www.kalypsomedia.com/en/index.shtml
http://www.paradoxplaza.com/games
these are all from this list -
http://en.wikipedia.org/wiki/Video_game_publisher

I just wonder how they hang on, compared to THQ has at least four series that gamers know VERY well. (Darksiders, Metro, WWE and Saints Row)

Plus, Homefront's sequel was going to be released sooner or later, isn't it true enough that they could have made a comeback?
So, if some publishers that people have never heard of but may have published ONE title that has some kind of name hang on, how could THQ not?

Rooskie

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Re: THQ shutting down
« Reply #12 on: January 26, 2013, 04:31:41 PM »
I can honestly not see this. I understand that Red Faction did not sell well, Homefront makes sense.

But...

Metro: Last Light
Company of Heroes 2
Darksiders II
Saints Row 3
WWE 13

However, there are then people like

http://www.telltalegames.com/
http://www.kalypsomedia.com/en/index.shtml
http://www.paradoxplaza.com/games
these are all from this list -
http://en.wikipedia.org/wiki/Video_game_publisher

I just wonder how they hang on, compared to THQ has at least four series that gamers know VERY well. (Darksiders, Metro, WWE and Saints Row)

Plus, Homefront's sequel was going to be released sooner or later, isn't it true enough that they could have made a comeback?
So, if some publishers that people have never heard of but may have published ONE title that has some kind of name hang on, how could THQ not?

uDraw on PS3/360, just by itself, is responsible for their death.  Nothing else helped though.

They reported over $100 million losses 2 years in a row with no sign of improvements in the 3rd.  As a company employing thousands of people with million dollar projects you can't post losses like that.  On top of that THQ didn't have a sure fire hit.  THQ has not sold a game that appealed to the audience they're trying to capture.  THQ was a giant publisher with tons of employees.  High budgets with high profit margins.  Except they didn't get the profit margins they were expecting.

It's hilarious to me to consider Telltale a publisher, but technically they are.  More importantly Telltale is a developer.  They publish their own stuff.  In the past few years they haven't released anything but 5 part episode series (such as Back to the Future, Jurassic Park, and the incredibly acclaimed Walking Dead series) which were all sold online FIRST and on disc after if they warranted enough sales.  It's cheaper to sell something online because of higher profit margins from the distributor, no game packaging to produce, no discs to manufacture, no shipping to worry about, ...  Telltale has played it safe.

It's important to note that only 125 people work for Telltale.  Comparing THQ to Telltale is like comparing a suffering McDonalds to a local chain restaurant.  All Telltale has had to deal with this past year was the Walking Dead, a much smaller project than Darksiders II.  And they profited from it.  THQ ran several projects much much much bigger than Telltale's entire company and their investments did not pay off.  THQ lost more money this year than Telltale even thought about spending.

Kalypso is probably not as successful as Telltale, but they're in the same boat.  They have one project at a time, only publish their own games, and have 120 employees.  If Telltale joined forces with Kalypso to go to war with last year's THQ then THQ would only need to send the interns into battle to guarantee success. 

Paradox is a little more of a mystery.  They're a larger company, they're clearly a publisher, and they focus on niche titles.  Regardless, they reported a positive gain last year.  THQ hadn't done that since...oops

As for Homefront bringing them back:  that was the idea with Darksiders II and it didn't work.  They'd been losing money for years, Darksiders was a hail mary.  That was the last play of their financial football game.  There wasn't enough time for Homefront 2 to save them due to poor management.  Poor management which got them into this problem to begin with.  Homefront wouldn't have sold well enough to alleviate their debt anyways.  THQ needed a big title that did Halo numbers, and they just didn't have it.

As for that list, here are the MAJOR Publishers on that list:
Microsoft
Nintendo
Sony

Electronic Arts
Square Enix
Ubisoft
Sega
Namco Bandai
Konami
Activision Blizzard
Capcom
Bethesda
Warner Brothers
Take Two

Those are the companies that are in THQ's caliber.  Those companies aren't in trouble because they have made smarter business decisions, have intellectual products that people actually pay money for, and are sometimes even able to contribute to innovation because of a surplus of funds.
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KnightRaider

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Re: THQ shutting down
« Reply #13 on: January 27, 2013, 06:14:12 AM »
Does this mean it'll be the end for transformers? Cause Activision helped made the two games on steam :(.

Aeris

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Re: THQ shutting down
« Reply #14 on: January 27, 2013, 12:05:06 PM »
Namco is probably only there because of it's Japan sales, lol.

Anyway, yeah. Sad thing, hard to accept. Deep Silver seems to be getting fairly large now, Catherine, Dead Island, Saints Row AND Metro.

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