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THQ's Core Games Remain In Development In Spite Of Cuts

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Posted February 2, 2012 - By Stephen Johnson





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THQ Buys Vigil Games A New 33,000-Square Foot OfficePutting to rest widespread internet.gaming.rumors, publisher THQ just announced its third quarter financial results, and no core games have been canceled by the company -- although Metro: Last Light has been delayed a bit, and there is indication that there could be some trouble for upcoming MMO Dark Millenium Online.

"Coming soon" titles like Metro: Last Light, Warhammer 40K: and Devil's Third are still expected at the end of fiscal 2013, and 2014's slate still contains inSANE, Homefront 2, and intriguing yet-to-be-named games from Left 4 Dead devs Turtle Rock and Assassin's Creed creator Patrice Désilets.

While Dark Millenium Online is still slated for release during "2014 or beyond," on THQ's financial conference call, Farrell said that, due to the cost of creating an MMO, they are looking for a partner for the title. So stay tuned on that one.

That's all the good news. The bad news, as previously reported, THQ is jettisoning practically everything else -- their kids' games, their UDraw tablet thing, etc. -- in order to increase profitability.

“We have since concluded an extensive review of our operations to realign our business, focusing on our key franchises with the most potential,” said THQ president Brian Farrell. “We are implementing a plan to bring costs in line with our lower anticipated level of revenue. With our focused product plan, leaner cost structure, cash balance, and existing credit facility, we believe the company has adequate resources to execute on our plan and deliver on our strong multi-year pipeline of games.”

THQ has been promising a lean, core based gaming plan for awhile now, but this time, it seems they really, really mean it. They not only cut loose a lot of employees over the last few weeks, their company's president has taken a 50 percent pay cut himself, signalling to investors a desire to be a lean company.

Of course, it may not be enough. THQ recently faced delisting by the NASDAQ stock exchange, because its stock lost so much value lately.

The brightest spots in THQ's financials: Saint's Row: The Third and WWE '12. According to  Farrell, these two titles "demonstrate the strengths of THQ’s core gaming capabilities." According to Farrell, the two games performed at or better than the expectations THQ shared during its last investor conference call."

So what do you guys think of the recent saga of THQ? Are these changes enough to keep the company alive, and lead it back to robustness?

All of the best people are following Stephen Johnson's twitter feed. Also, email me if you wanna.

Tags: Videogames
THQ's Core Games Remain In Development In Spite Of Cuts
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