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THQ Deny Rumours of Being in Trouble

January 16th, 2012 by

Over the weekend a rumour circulated that publishers THQ were in a bit of trouble. Speculation has been rife that the company had shelved several projects and offered itself up for sale. However, a THQ spokesperson has denied the reports.

“THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO,” THQ’s Australian PR arm wrote in a statement.

“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.

“Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the #5 publisher overall, #4 third party, with reported sell through growing over 18% in a market that was down almost 6%. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.”

I for one am glad to see THQ deny the rumour and hopefully we can look forward to some great games from the publisher for many years to come.

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