Category Archives: THQ

MX vs ATV developer THQ Digital Phoenix – formally Rainbow Studios – has expressed mild interest in buying the license from the defunct publisher when it returns to auction April 15th.

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THQ is to auction off its remaining unsold properties.

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Pending approval from a federal court, Take-Two has assumed publishing duties for THQ’s Yuke’s-developed WWE titles.

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The exclusive publishing rights to arena shooter Nexuiz are among a number of unsold assets stuck in Limbo since THQ’s bankruptcy and piecemeal sale, and licensee Ilfonic is still waiting to find out what happens next.

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THQ filed its FORM 8-K with the SEC, announcing the departure of its officers and executives – which is the last notice we’ll probably very get in the mail from THQ. Filed on January 30, the form reads: “THQ Inc. terminated the employment of Brian J. Farrell as chief executive officer of the Company, Jason Rubin as president of the Company, and Jason Kay as chief strategy officer of the Company, each without cause and effective January 30, 2013.” The filing is standard procedure for the dissolution of a company. If you want to see it for yourself, you can view it in PDF form – among others – through the investor relations website.

Crytek CEO Cevat Yerli has shed new light on the deal it struck with Darksiders developer Vigil developer games, and has expressed surprise that nobody bid on the studio during last months THQ auction. Although the team is free to pursue any project they wish – as the newly re-branded Crytek USA – Darksiders 3 will not be its first project.

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Saint’s Row was sold off to Koch Media as part of the big THQ auction last month, and CEO Klemens Kundratitz has expressed his thoughts on picking up IP and on the collapse of THQ itself. He’s keen to avoid making the same mistakes as the now defunct publisher.

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Former THQ president Jason Rubin has said the firm has “every chance to survive had it not made massive mistakes.”

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Volition had six potential buyers at the ready before being nabbed by Koch Media, according to the developer’s general manager, Dan Cermak.

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Former Midway Games VP of business development and licensing, Lee Jacobson, has said companies should be quicker when it comes to greenlighting or killing projects in order avoid sharing Midway and THQ’s fate.

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Crytek has established a new development studio in Austin, Texas, with some former Vigil Games employees finding a new home with the German-owned firm.

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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.

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Ubisoft has elaborated a bit more on its THQ Montreal purchase, stating that the firm is “happy” over the possibility of “working with” Patrice Désilets again despite his departure back in 2010 to help build THQ’s Canadian studio.

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THQ has told its remaining employees they will have until the end of the day to clear out their desks, as access to the building “will be shut off.”

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Ubisoft won big at the THQ auction this week, snapping up South Park: The Stick of Truth and THQ Montreal. The publisher has now issued a full statement on the matter, that confirms THQ Montreal’s development of an unannounced new IP, which could be Patrice Désilets new title ’1666′, or a game known as ‘Underdog.

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Sega has issued a statement regarding its deep and abiding respect for the newly acquired Relic Entertainment, and seems comfortable keeping the team focused on its strengths.

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THQ president Jason Rubin has said the firm’s remaining assets, which include its back catalog of titles, are to be sold off “in the coming weeks” as part of the Chapter 11 process. Meanwhile, the firm’s former president, Danny Bilson has commented on the sale of THQ’s IP and studios.

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Koch Media spent big at THQ’s auction yesterday, snapping up the Saint’s Row and Metro licenses, as well as developer Volition. The company has issued a statement on its purchase, promising a “bright new future” for its new IP and studio.

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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.

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THQ properties were sold today at auction. SEGA picked up Relic; Koch purchased Volition and the Metro franchise; Crytek bought Homefront; Take-Two bought Evolve; and Ubisoft bought THQ Montreal and The South Park game.

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