Category Archives: THQ Financials
Mon, Jan 28, 2013 | 16:30 GMT
THQ has almost been sold off entirely, with its back-catalogue expected to shift in coming weeks. In a new interview, former THQ boss Jason Rubin has explained why, had it been a few years later, the publisher would have had a greater chance of survival, thanks to the increased profitability of digital business models.
Thu, Jan 24, 2013 | 14:59 GMT
THQ’s properties were sold off at auction last night. The 22-hour process saw the remains of the company carved up and sold off to buyers. Sega bought Relic, Ubisoft bought South Park and more. Check out Steph’s in-depth report on the matter here. This morning former THQ president Jason Rubin and boss Brian Farrell have shared further thoughts on the situation.
Thu, Dec 20, 2012 | 22:08 GMT
THQ filed for bankruptcy protection last night, sparking fears over the status of its outstanding products – such as Metro: Last Light and South Park: The Stick of Truth. Company president Jason Rubin has now issued an open letter that plays down the “click-grabbing headlines” that he believes will follow the issue, and assures investors, the press, and gamers alike that the move is natural whenever a company looks to adjust its financial position.
Mon, Dec 03, 2012 | 09:14 GMT
THQ stock woes painted a grim picture last month, with crashing share prices, the departure of its CFO and other equally as problematic issues. However, since launching its generous humble bundle package, the company’s stick has spiked, and suggests that disaster has – for the time being – been averted.
Wed, Nov 21, 2012 | 04:33 GMT
THQ has negotiated a solution to its difficulties with creditor Wells Fargo, has entered into a mysterious financial negotiation, and dumped its chief financial officer.
Wed, Nov 14, 2012 | 01:42 GMT
THQ has filed a new financial report detailing its credit agreement with Wells Fargo, with president Jason Rubin providing a hopeful statement.
Tue, Nov 06, 2012 | 17:39 GMT
THQ posted its financial report last night, suggesting that all was not well at the Californian publisher. Aside from stating losses of $21 million, the company also announced delays of Company of Heroes 2, Metro: Last Light and South Park. The move has made investors nervous.
Tue, Nov 06, 2012 | 11:09 GMT
THQ published its most recent financial report last night, and the results made for grim reading. The publisher has now hired an accountancy firm to seek “strategic and financing alternatives”, but Wedbush analyst Michael Pachter isn’t convinced the move will be enough to avoid sale or bankruptcy.
Fri, Nov 23, 2012 | 04:37 GMT
South Park: The Stick of Truth, Metro: Last Light and Company of Heroes 2 have all been delayed, THQ announced during its second quarter financials report.
Tue, Oct 30, 2012 | 19:39 GMT
Tue, Aug 07, 2012 | 13:57 BST
THQ president Jason Rubin has revealed that the company’s internal studios have started work on four new, currently unannounced titles. He’s also been keeping an eye on the progress of Homefront 2 and the new project from Assassin’s Creed creator Patrice Desilets.
Tue, Aug 07, 2012 | 10:23 BST
Guillermo del Toro’s InSANE trilogy has been shelved, it’s been announced as part of a generally positive first quarter THQ report.
Wed, Jun 13, 2012 | 08:00 BST
There’s been a changing of the guard at THQ. However, that doesn’t mean the new guard has any idea why the old guard is gone. More »
Tue, Jun 12, 2012 | 05:29 BST
THQ has confirmed it had a fourth UFC Undisputed game in the works before abruptly selling off the license.
Mon, Jun 11, 2012 | 23:10 BST
THQ’s 2012 form 10-K reflects the firm’s present financial crisis, wanring that even one missed sales target could have devastating effects on the rest of the publisher’s pipeline.
Thu, May 17, 2012 | 21:06 BST
THQ has announced increased revenue and losses for FY12. The firm also delayed South Park: The Game into Q1 2013, and it will no longer publish Itagaki’s actioner Devil’s Third.
Wed, Apr 18, 2012 | 12:00 BST
THQ’s announced preliminary results for its fourth quarter, confirming it expects to “exceed” previous expectations with non-GAAP net sales in the region of $160 million to $170 million.
Sat, Feb 04, 2012 | 13:19 GMT
THQ has posted its financial results for the quarter ending December 31, 2011, revealing $9.2 million year-on-year decrease in sales but a healthy looking release schedule.