Well, apparently so far they haven't found anyone dumb enough.
I'm unsure if they actually will.
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South Park, Metro: LL, Company of Heroes 2 all delayed, THQ looking for cash options
- Thread starter Wario64
- Start date
Well, apparently so far they haven't found anyone dumb enough.
I'm unsure if they actually will.
Technosteve
Banned
I'm starting a kickstarter to buy Relic. I think 30 million is what's needed to buy them have them release COH 2 and have them start making a new home world game.
Is it me or it sounds like they are going to go bankrupt.
Is it me or it sounds like they are going to go bankrupt.
It's been sounding like they're about to go bankrupt for a long time. Now we just know they are. The only question is how soon.
Banana Kid
Member
The Next Great Sequel In The Saints Row Franchise will save everyone.
Hero_of_the_Day
Member
Damn right! We're all looking at this the wrong way. They're just wanting more time to polish up these AAAA games.
AHA-Lambda
Member
Anyone who listened to the webcast, can you summarise some of the main points?
I'm certainly interested in why they feel South Park would have been DOA at its original release schedule. I mean it's South Park! It's probably one of the few games THQ have left that actually might sell!
I'm certainly interested in why they feel South Park would have been DOA at its original release schedule. I mean it's South Park! It's probably one of the few games THQ have left that actually might sell!
Unless we're all buying a couple thousand copies of each game, that's not going to happen. Plus with Brian Farrell still as CEO, there's no indication that there's going to be better management of any money that they do make. Jason Rubin is only one man, and I have a hard time believing he can fix all of the issues THQ has.
Sounds like the perfect opportunity for Relic to buy back the Homeworld license from THQ (iirc?) and bail the fuck out.
Ahahahaha great idea
Hold your horses, THQ owns Relic.
From the call it sounded like it was Rubin's decision. He said all three games would not have the quality on release date that THQ needs right now, so they decided to delay all of them.
Archive of the call is up if anyone wants to listen to it.
CosmicQueso
Member
The call was only like 13 minutes. Would take someone longer to summarize than for someone to just listen.
V
Vilix
Unconfirmed Member
They work on Space Marine 2 first or I'm taking my millions back. Hurmph.
InfiniDragon
Member
As someone who used to work for THQ as a tester, none of what's happening surprised me, but I'm still saddened by it.
Hopefully they'll still be around by next year.
Hopefully they'll still be around by next year.
Wow, this seems severe. What are the chances of THQ surviving past next, nah, this fiscal year? I just want my South Park dammit. Homefront didn't work out that well for them in the long run, eh? Or any other game for that matter. Hell.
I don't know what it is about it, but this is a hilarious metaphore.
I don't know what it is about it, but this is a hilarious metaphore.
crimsonheadGCN
Banned
Well, Nirolak said earlier in the thread that Relic is working on MOBA, so that might be the 10th game and Patrice Desilet game might not actually exist.
Or I was thinking that Dawn of War 3 might have been made into a MOBA. I mean it's possible since I believe THQ said that they were exploring F2P options for it and they could differentiate DoW3 form other MOBAs by using the leveling system from DoW2. /shrug
No, what it sounds like is THQ being in enormous fucking trouble.
New (?) tidbit from the L.A. Times:
http://www.latimes.com/entertainmen...-games-raise-capital-20121105,0,7561290.story
http://www.latimes.com/entertainmen...-games-raise-capital-20121105,0,7561290.story
ROFLMAO. Goodbye THQ.
Please release COH2 and Last Light.
Please
THQ has balls, risks are to the roof, but Rubin is right, they will win big at the end.
THQ is totally what any dev would want, they just have to power through these rough time.
It takes great risk, to make great game.
Most of today's AAA industry is very low risk, modern warfail 18, Fifa 9000 ...
Petrae
Member
That was the weirdest call I've ever been on.
- Jason Rubin basically pleading for money by selling remaining titles in THQ portfolio
- Brian Farrell killing Q&A session-- which will not go over well at all with analysts/investors
- In closing the abbreviated call, Farrell thanked his employees, almost like the end is nigh.
I don't know who would extend THQ any money now to keep the respirator running. I can see a scenario here where the publisher founders and publishers swoop in to buy THQ assets afterwards. Best case scenario is that Centreview Partners finds a buyer before the house of cards totally collapses. Otherwise? Acclaim and Midway will have company in the failed publishers' home.
- Jason Rubin basically pleading for money by selling remaining titles in THQ portfolio
- Brian Farrell killing Q&A session-- which will not go over well at all with analysts/investors
- In closing the abbreviated call, Farrell thanked his employees, almost like the end is nigh.
I don't know who would extend THQ any money now to keep the respirator running. I can see a scenario here where the publisher founders and publishers swoop in to buy THQ assets afterwards. Best case scenario is that Centreview Partners finds a buyer before the house of cards totally collapses. Otherwise? Acclaim and Midway will have company in the failed publishers' home.
There is no guarantee that LL or COH2 will save THQ. I doubt PC centric games will have any effect on their current predicament.
So, yeah, I just want Relic and the LL studio to survive.
AHA-Lambda
Member
Ah good archive of the webcast is up, let's take a listen...
Too bad THQ's games aren't great, then? Because that's the reason they're bombing: They're taking "great risks" to make "great games" but none of them are selling.
THQ: You want to save yourself? Fire EVERYONE but Volition. Make them into the "Saints Row" company and coast along as you (hopefully) make profits and lick your wounds until you're ready to bring back the people you fired.
Of course, this would also kill Volition doing work on Descent 4, something I want over Saints Row so we can't have that. :|
XANDER CAGE
Member
Wow, they're really in a death spiral.
Not quite bad in long-term, they will defend LL, COH2 and SP, the market is there it just needs that much quality, look at crysis and starcraft 2. He knows that but investors/analysts can't believe it.
The transcript of their fiscal call is up. As expected, it's quite short: http://seekingalpha.com/article/980...results-earnings-call-transcript?source=yahoo
Foliorum Viridum
Banned
I want Metro now :'(
jim-jam bongs
Member
well fuck. glad the new mature THQ headed by Rubin is doing so swimmingly.
grimshawish
Banned
Holy fucking shit. So basically their not going to be able to raise the funds from investors...
I mean fucking hell.
!!THQ TO GO WIIU EXCLUSIVE!!
Am'a right?! Am'a right?! They could be the WiiU's Nibris!
Seriously though their just fucked unless Darksiders 2 does more than 'decent' with WiiU and they can move maybe one of these projects out.
So THQ to basically go into administration...ASAP and sell of whatever they can. Pretty much.
That way MS can buy the South Park rights and make them Kinect exclusive.
jim-jam bongs
Member
where to begin dissecting this train wreck of a post?
CrunchinJelly
formerly cjelly
Over-reaction much?
They are seeking advice from Centerview which is why they cancelled the Q&A. They were advised not to comment further.
lunchtoast
Member
Damn, this was my most looked forward to game, and even March was a wait for me. I hope it at least comes out now.
grimshawish
Banned
Some piss taking going on but they seem kind of screwed to me. I don't think its hard to tell where am being serious though; Darksiders 2 could bring in some income but if not...well where do they raise the money except selling their assets?
But where's the sound link, please. I'm on cellphone.
Petrae
Member
It doesn't take much to read between the lines and see what's happening here. Centreview is seeking a buyer-- which, arguably, should be difficult to do given the string of delays and poor sales performances.
Canceling the Q&A is a giant red flag, no matter whether Centreview advised it or not. There's no cause to be confident in the publisher if you're an investor currently, because the clock is running out and these delays means that cash is drying up quickly.
Hopefully you are correct that there's an overreaction, but given the very unusual nature of this earnings call, I believe that concern is warranted and I interpret it as such. We'll see how it plays out, starting tomorrow when trading resumes and investors make their decisions.
This is good news. I see that Jason doesn't sleep at the wheel and understand they save THQ only with quality product --- something that sure takes more time to develloped than what the current THQ employees are used to.
Impatient gamers are stupid, THQ will just die if they don't do this. It's all about "do you want the game or not". If your answer is yes, you are better be patient.
Impatient gamers are stupid, THQ will just die if they don't do this. It's all about "do you want the game or not". If your answer is yes, you are better be patient.
Petrae
Member
South Park is at least a moderate-to-strong IP to work with, and it's recognized by many consumers. I wouldn't see HUGE numbers on it, but if the release window is right, it could do okay.
Metro: Last Light is is tougher sell. I don't think it offers much hope than a low-to-moderate sales projection. A fair amount of those sales could be digital, though, which would be cheaper to distribute.
RPGCrazied
Member
God I hope South Park doesn't get canceled. It actually looks like it would be a great game, and there is loads of SP fans out there, would be stupid if they did.