Sad day for games development as THQ files for bankruptcy
After a protracted battle for survival over the course of the last 18 months or so THQ has finally thrown in the towel and filed for bankruptcy.
The Saints Row publisher has been struggling for some time with a raft of underperforming titles especially the now notorious Uplay Tablet for the Wii, PS3 and Xbox 360 which is rumoured to have lost them a nine-figure sum.
It is unclear what will happen to the company's many assets which include the highly skilled development studios like Darksiders dev Vigil, RTS specialists Relic Entertainment and Saints Row developer Volition.
It is likely that the publisher's assets will be stripped off and sold to the highest bidders to cover the company's mounting debts so hopefully there will be light at the end of the tunnel for the many talented developers whose jobs are currently at risk.
Thanks Develop Online.
- EA to unveil Star Wars: Battlefront later on this month
- No 2015 launch for Zelda Wii U after all
- Konami continues to purge all references to Hideo Kojima with Silent Hills and Zone Of The Enders
- New Gears Of War title is Xbox One only
- Sony closes the door on PlayStation Home on last time
- StarCraft II: Legacy Of The Void beta invites go out today
- Final Fantasy XIV's first expansion Heavensward will launch in June
- Sony gives the full PS Plus line-up for April
- Before The Fall patch arrives for Final Fantasy XIV today