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THQ Files For Bankruptcy

THQ is going to Chapter 11, the company said in a press release today. They’ll continue to operate as normal—in other words, all future games will continue as planned—as they go through the bankruptcy process. “The sale and filing are

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THQ CFO resigns as company negotiates financing alternatives

Paul Pucino is out. And THQ has reached an agreement with Wells Fargo, which removes the threat against the company for defaulting on loans. THQ’s situation is bleak, and while some industry experts see little hope, THQ today announced that

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THQ lays off 20 employees

According to an internal THQ email leaked by 3D Realms co-founder George Broussard, THQ is cutting around 20 employees in the publisher’s Marketing and Production team. A THQ representative confirmed the veracity of the email to Polygon. The cuts are all coming from

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THQ post Q4 loss

Video games publisher THQ Inc (…) slipped to a loss in its fiscal fourth quarter, as it struggled with intensifying competition, a weak market and restructuring. THQ, which is fighting to avert a stock delisting, has been losing ground to

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THQs ‘Warhammer 50k: Dark Millenium’ won’t be an MMO – new layoffs

THQ has announced that it is “refocusing” on Warhammer 40,000: Dark Millennium. The tangible result of this change will see team sizes at two THQ internal studios reduced by 79 full-time employees at Vigil Games in Austin, Texas, along with

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THQ Bankruptcy Rumours – Warhammer 40k Online cancelled?

Saints Row: The Third publisher THQ says rumors of its demise have been greatly exaggerated. Speculation on the company’s future spread like wildfire this weekend after a series of tweets from gaming industry veteran Kevin Dent suggested the publisher was

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THQ reports record loss of $924 million

THQ has reported a loss of $92.4 million for the quarter ending 30 September, 2011, alongside revenues of $146 million, resulting in a loss per share of $1.32. Both the sales and the loss figures are double what they were

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Warhammer 40k MMO costs $50 Million

How much a particular game costs to make is always a sensitive topic for game publisher. However, THQ’s executive vice president and CFO Paul Pucino talked about the cost of Warhammer 40,000 MMO during an investor briefing call this week.

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THQ is spending $50 Million on Warhammer MMO %96 Release 2013

Publisher THQ is to spend at least $50 million on its upcoming MMO Warhammer 40,000: Dark Millennium Online, due for release in the fiscal 2013 year. Speaking at the Wedbush Morgan conference last night, executive vice president and chief financial

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Company of Heroes closing March 31st

In some more disappointing news for PC Gamers, Relic announced last week that Company of Heroes Online the free version of their award winning World War II real time strategy game will close down on March 31, 2011. The free

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