THQ Bankrupty

Thanks to
Celdiruen & bibboorton for pointing out that they are filling for chapter 11 which basically means that they
are restructuring the debt

More info on chapter 11

thanks to soulvice

1 decade ago*

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aw sheet

1 decade ago
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As much as I criticized them for some of the things they did, this is just sad ...
We can only hope that the devs get out of this.

That bundle was actually a farewell.

1 decade ago
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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.

1 decade ago
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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.

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

1 decade ago
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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.

1 decade ago
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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.

1 decade ago
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1 decade ago
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^this. Steam gets it directly from the devs.

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

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

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

1 decade ago
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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.

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

1 decade ago
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1 decade ago
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Nooo!

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

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

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

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

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

1 decade ago
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Don't forget Company of Heroes 2!

1 decade ago
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Please don't sell to EA....

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

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

1 decade ago
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That would be bad...really bad...

1 decade ago
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Valve should buy their game rights

1 decade ago
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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

1 decade ago
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THQ sucked. Good riddance.

1 decade ago
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No, they did not

1 decade ago
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+1

1 decade ago
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You sir are an abject fucking moron.

1 decade ago
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agreed

1 decade ago
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Definetly

1 decade ago
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EA Fanboy alert.

1 decade ago
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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.

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

1 decade ago
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I hope you die, right now or by cancer

1 decade ago
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You do not wish that on anyone you fucking cunt.

1 decade ago
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RIP

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

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

1 decade ago
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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)

1 decade ago
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Very sad news.

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

1 decade ago
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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.

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

1 decade ago
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1 decade ago
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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.

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

1 decade ago
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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.

1 decade ago
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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.

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

1 decade ago
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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.

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

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

1 decade ago
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wait so no south park game?

1 decade ago
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:S:S i was sooo waiting for it!!

1 decade ago
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so nice

1 decade ago
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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!

1 decade ago
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yes!

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

1 decade ago
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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.

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

1 decade ago
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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.

1 decade ago
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So I guess they aren't releasing Saints Row 4 with super powers... :(

1 decade ago
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Have not seen your for a while! Maybe they will turn it back into a DLC for SR3. Enter the Dominatrix looked like it would have been fun.

1 decade ago
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...

:(

1 decade ago
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as I said some time ago... sadly it was faster than I though :(

1 decade ago
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Closed 1 decade ago by smog0.