Tag Archives: Mass Media

Sony’s announced that a Jak & Daxter HD Collection is in the works and will be releasing in February next year for PS3.

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Gamespot’s running a confirmation that THQ has closed five of its studios, as was rumoured last night.

Paradigm Entertainment, Mass Media, Helixe, Locomotive Games, and Sandblast Games were defunct as of yesterday, while Rainbow Studios and Juice Games have suffered redundancies, a THQ rep admitted.

“It’s just constantly trying to react dynamically to the market,” the spokesman explained, “whether it’s because of things happening to our industry or the economic environment as a whole. It’s making sure that we’re set up over the next three to five years to be profitable and successful.”

In a rumoured email published by Kotaku, company boss Brian Farrell apparently blamed “today’s difficult economic environment” for the turbulence, and promised to have a more in depth explanation of the moves in the conference call following the publication of Q2 results on Wednesday.

Read the full email after the link.

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