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.
- Crytek bringing the action fo Warface to Siberia
- Warner Bros releases brand new Batman: Arkham Knight gameplay footage
- Remedy casts a Hobbit and an X-Man in Quantum Theory
- Report finds that the 100 USD tier of Assassin's Creed: Unity's microtransactions is completely unnecessary
- Final Fantasy Type-0 HD gets a new trailer
- Bungie deconstructs their latest Destiny patch, hints at what is coming next
- DayZ creator Dean Hall could join UK studio Improbable
- Shadow Of Mordor arrives on last-gen consoles
- David Braben apologises for ditching Elite: Dangerous's offline mode, outlines refund criteria