THQ Closes Two Studios and Cans MX vs. ATV Series
Written Wednesday, August 10, 2011 By Richard WalkerView author's profile
THQ has been tightening up its purse strings again having closed Homefront developer Kaos Studios, this time closing down two studios in Australia, as well as dissolving one of its development teams stationed out in Phoenix. THQ has also binned its MX vs. ATV franchise, axing 200 jobs in doing so.
“With this realignment, we are narrowing our focus to high-quality owned IP with broad appeal that can be leveraged across multiple platforms, and to work with the best talent in the industry. By right-sizing our internal development capacities for our console portfolio, our five internal studios are focused on delivering high-quality games with talented teams driving the execution of those titles to market,” said THQ President and CEO Brian Farrell. “As we have outlined in our business strategies, we are making shifts to reduce movie-based and licensed kids’ video games in our portfolio, which underscores our strategy to move away from games that will not generate strong profits in the future.”
All the best to the former THQ staff looking for new jobs.
[Via Game Informer]