MCV/DEVELOP News, events, research and jobs from the games industry
The Saints Row publisher has posted its financial results for its third quarter, showing a 275 per cent rise in net losses since the same period in 2010. THQ posted a net loss of $55.9m for the three months ended December 31st, 2011 – up from just $14.9m in the …
Read More »THQ to axe 240 staff
CEO to halve salary to $360,000
Read More »Latest THQ reorg will ditch 240 staff
240 staff from THQ will be impacted by its latest restructuring – over ten per cent of staff. In an SEC filings this evening, the firm detailed how the previously announced withdrawal from the kids’ licensed games market will hit its business. The resulting restructuring, the firm says, will "appropriately …
Read More »Rumours point to mass layoffs at THQ
Online chatter pointing to an impending announcement of significant layoffs at THQ is quickly gathering pace. Talk intensified last night after analyst Kevin Dent claimed that the publisher would soon be announcing 170+ layoffs spread across its various operations. Note, though, that Dent was also the source of claims that …
Read More »Sweeping THQ layoffs ‘could hit 170 staff’
Technology exec Mark DeLoura parts ways with struggling publisher
Read More »THQ threatened with NASDAQ delisting
Embattled publisher has traded below $1 for more than 30 days
Read More »THQ rumoured to be making redundancies in Oz/Japan
A source has told MCV that THQ are making redundancies to their Australian team, while Kotaku is reporting similar in Japan. Earlier today, a source contacted MCV with the news that the Australian THQ offices were being hit with redundancies. Kotaku has also reportedly received similar news, which states that …
Read More »Studios dodge the bullet as THQ cuts staff
But no details given by publisher on extent of the layoffs
Read More »THQ quits licensed kids games sector
We’re used to publishers broadening their reach and distancing themselves from the core, but a new strategic shift from THQ is seeing it do the opposite. The firm has confirmed its intention to exit its relationships” with licensed kids entertainment IP holders. THQ’s back-catalogue of recent years features some of …
Read More »THQ quashes Disney cancellation rumours
THQ is still funding development of an undisclosed project based on the upcoming Pixar movie Brave, a senior source within Disney has told Develop. The movie tie-in project, due for a summer release, had become the subject of unconfirmed rumours emerging over the weekend. Analyst Kevin Dent claimed on Twitter …
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