THQ announced today the cancelation of its long running MX vs. ATV franchise, as well as the closure of two studios in Australia and a Phoenix-based development team. THQ reports the move is part of an “internal realignment” initiative.
"With this realignment,” THQ president and CEO Brian Farrell said in a statement, “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.”
Farrell went on to say that this reduction represents a shift “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."
This announcement comes just a couple weeks after THQ revealed it was canceling its long running Red Faction series, and roughly two months after the closure of Homefront developer Kaos Studios.
No word on how these moves will impact THQ’s five remaining internal studios--THQ Montreal, Volition Inc., Relic Entertainment, Vigil Games, and THQ San Diego, each of which has a number of high-profile titles either releasing this year or in the pipeline.
THQ reports today’s closures will affect approximately 200 people.