According to Gamasutra, THQ is spinning off three of its internal studios. Two of them are set to operate as independent studios, while a third will shut down if a buyer is not found.
Some of you might recall that the company had a particularly nasty quarter and is looking for ways to cut losses. It will be interesting to see how Heavy Iron and Incinerator will operate going forward -- particularly what relationships each can forge as independent studios. Depending on the asking price, it shouldn't be too difficult forTHQ to sell Big Huge Games; it's a buyers market and several publishers are using the economic downturn as an opportunity to acquire talented developers for future endeavors.