THQ files for bankruptcy

Just because they file for bankruptcy doesn't mean they're out of business. They're just restructuring debt to buy time until new products hit the market.

12 years ago

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blinkdog

what to do if your company faces this

1) buy/make small business

2) push all debt from big business to said small business

3)bankrupt said small business

4)profit

it worked for the guy who made the dalurian. ya the timecar.

12 years ago

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marbatico

this gets me wondering: what happens to steam copies of games of a producer when they go bankrupt? could you still buy them?

12 years ago

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Gramis

yes, but steam might not be able to put them on sale for the same reason it can't put kingdoms of amular on sale.

12 years ago

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Shad0WeN

why is it that Amazon can though? The complete pack is supposed to be $12 from 12/21-12/23 (Origin redeemable). I don't know the story behind it or the developer so just curious.

12 years ago

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Deleted

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12 years ago

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Gramis

^this. Steam gets it directly from the devs.

12 years ago

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icedragon15

interesting does that mean crysis 3 maybe on steam through crytek but no sale tho ?

12 years ago

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blinkdog

i'm sure that steam had it in the works for a sale before this so have a pending contract.

12 years ago

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Avisole

The assets will most likely be split and purchased by other developers. So yes, you will still be able to buy them.

12 years ago

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Brotbaum

It depends what the new publisher wants. But when you already bought them you can still redownload it as often as you like, even when you can't buy them anymore.

12 years ago

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Gramis

What a shame. THQ was such a good company. Hope someone good picks up their games

12 years ago

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Deleted

This comment was deleted 6 years ago.

12 years ago

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Brotbaum

Nooo!

I hope they don't sell their game rights to EA.

It looks like they weren't greedy enough...

12 years ago

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Incog

Don't even SAY that. Come on Valve, use that ridiculous amount of cash you have laying around and buy Metro: Last Light

12 years ago

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Brotbaum

But then we won't see a third Metro ;)

12 years ago

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smog0

but we will see metro last light episode 1 & 2 :)

12 years ago

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thomas404

Don't forget Company of Heroes 2!

12 years ago

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Azelka

Please don't sell to EA....

12 years ago

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GennyLam

to throw out a tad of optimism, regardless of who buys it - maybe we may see some cool sequels.

12 years ago

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Brotbaum

Yeah, Saints Row: Source from Valve and Saints Row: F2P from EA.

12 years ago

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BIGV

That would be bad...really bad...

12 years ago

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Anyhoo

Valve should buy their game rights

12 years ago

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kalil

I mean the same u.u, but Please Ea not buy this, you can converter this good games to a horrible..s dlcs game and pay 60.00 per old game and etc etc u.u

12 years ago

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ninjagaijin

THQ sucked. Good riddance.

12 years ago

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Flammable

No, they did not

12 years ago

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Alteria

12 years ago

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RichterLocke

You sir are an abject fucking moron.

12 years ago

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Frogskull

agreed

12 years ago

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AC3V1PER

Definetly

12 years ago

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WSS

EA Fanboy alert.

12 years ago

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Vercinger

Nah, it's you and a ton more people that are THQ fanboys. I don't get it, they haven't done anything that I can highly appreciate.

12 years ago

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karnage10

some games they published: dawn of war, company of heroes, stalker, darksiders,metro 2033,full spetrum warrior,etc
personally i consider such catalog good...

12 years ago

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Thatguyz

I hope you die, right now or by cancer

12 years ago

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Deiru

You do not wish that on anyone you fucking cunt.

12 years ago

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Tarre

RIP

12 years ago

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Reinheart

Really sucks. They didn't deserve this. My favourite games came from this company.

12 years ago

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Flammable

That is some bad news, but let's hope for the best...

12 years ago

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Pysiu

I do remember good things thanks to them.
Makes me sad but as they say, business is business (same thing that kills good things in many recent games :P)

12 years ago

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SemiJames

Very sad news.

12 years ago

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lucidus

Hopefully a private investor picks them up at a low price and makes them a private company again.

12 years ago

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SpankyPie

It's Chapter 11 bankruptcy, guys. It just allows the company to restructure while getting time to not pay back their debt. They still retain control of the company. A third of companies that undergo chapter 11 bankruptcy survive so let's just hope for the best. Actually, they have a good chance to pull through as they have Metro: Last Light, The Stick of Truth and Company of Heroes 2 nearly finished.

12 years ago

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ZothOmmog

Thanks for the info - maybe all is not lost, then.

12 years ago

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This comment was deleted 2 years ago.

12 years ago

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thomas404

Fuck SE. I used to have a lot of respect for them but they are heading down a mountain to join EA and Activision. Still, no hate just verging on dislike.

12 years ago

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DonVino

Red Faction series and Metro....Imo amongst the best games. The other games werent that bad either. I really liked THQ.

12 years ago

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Disturbed0ne

That is a shame, I spent a lot of my teen years playing their wrestling games on the N64. :(

I really hope they can recover in one form or another and continue to make great games.

12 years ago

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Celdiruen

Folks, I don't think you realize how Chapter 11 bankruptcy works. THQ isn't going bye-bye, the process is mainly a restructuring that could see them get better terms on their debt or have some of it forgiven. They could very well come out of it in a stronger position.

This isn't a Chapter 7 bankruptcy where they stop operations and all assets are liquidated. They are going to attempt to reorganize and create a plan to pay back their creditors over time.

12 years ago

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O3Hundred

Thanks for the heads up. I thought they were going to sleep with the fishes.

12 years ago

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Celdiruen

We don't know how much of their assets they're going to sell off in the process, but hopefully not everything. Or at least that those sold off find a good home. We'll have to wait and see.

12 years ago

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Shad0WeN

7 and 11... the same numbers you want to throw when playing craps? This confuses me =P

12 years ago

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blinkdog

7-11 is also a store, and its also my birthday =D

12 years ago

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helwing

wait so no south park game?

12 years ago

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rasLivity

:S:S i was sooo waiting for it!!

12 years ago

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Rendolf

so nice

12 years ago

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Zlia

NooooOOOOoooo!
Damn, times like this when you wish you were a millionaire who could save an entire game company from bankruptcy. -.-

Everyone, take your pitchforks and protect those game rights from EA!

12 years ago

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TheRealDealReece

yes!

12 years ago

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Ekaros

So basicly they might sell some of their IPs do they have any studios they could sell?

12 years ago

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Oksymoron

They will sell their IP's and studios. IP's will be Red Faction, Darksiders, probably Metro, Saints Row and (I think) Company of Heroes. About their studios, there's a lot of them, 4A Games(Metro, but not sure about them), Volition etc.

12 years ago

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Ekaros

Is it possibility that they will have some of those left when are the liabilities are covered?

12 years ago

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Oksymoron

It's one of posibilities, If they will sold e.g. Metro and Saints Row, and will have enough "cash" to pay liabilities, they will stay in bussiness.

12 years ago

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