THQ Denies Rumours of Cancelled 2014 Games
Written Monday, January 16, 2012 By Lee BradleyView author's profile
THQ has moved to stringently deny rumours circulated this weekend that the publisher is in deep trouble, cancelling many of its future projects and offering itself up for sale.
The rumours began when IGDA Mobile SIG head Kevin Dent took to Twitter to make the far-reaching claims. According to Dent, THQ has dropped its entire 2014 line-up, including Vigil's Dark Millenium Online, the Games Workshop MMO. He also claimed that the studio was planning on offering itself to a number of Asian businesses, on order to increase its value.
He added that "word is spreading that THQ has returned IP to Disney AFTER paying the advance, with no refund."
THQ, however, are flatly denying the accusations. Speaking in a statement issued to trade mag MCV, the company's executive vice president of global publishing Ian Curran said, "THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO."
"As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets."
Part of this is backing away from the casual and kids games market, said Curran. "As we have previously announced, we have dramatically reduced our commitment to the kids' boxed games sector which leads to a significantly more focused release schedule moving forward."
However, according to the statement, THQ's commitment to core games across retail and digital is unchanged. "Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business," reads the statement.
"We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry."
Indeed, says THQ, some of its products have performed particularly well in the last year. "Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2.
"In addition, WWE '12's worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms.
"According to NPD, for the month of December and the 2011 year, THQ was the No.5 publisher overall, No.4 third party, with reported sell through growing over 18 per cent in a market that was down almost 6 per cent. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2."
No reference was made to the poor sales of the publisher's uDraw product, nor the disappointing performance of Red Faction: Armageddon. The sequel came out last year and was so weak at retail that the franchise was shelved.
THQ is expected to announce its Q3 2012 fiscal results next month.