Tuesday, January 31, 2012

THQ Receives Stock Delisting Notice, Outlook Seems Dire

A couple of weeks ago, there was a lot of talk about THQ. Rumors were abound that the company was canceling ALL of its 2014 games. Add that to the string of layoffs that they have had over the last year and the Internet was definitely abuzz about the company. At the time of the rumors, I figured they had to be a bit more dire than the situation actually was, with the successes of Saint's Row the Third. It turns out that they are in more trouble than I actually thought.

Stories have been all over the Internet today about THQ receiving a stock delisting notice from NASDAQ. This means that since THQ's stock has been closing at under $1 for so long, they are at risk of being unable to be publicly traded anymore. While this isn't necessarily the death knell for THQ, they are definitely in trouble.

I am really bummed to hear this. THQ isn't the biggest publisher but I really like their tendencies to take a chance on some things that other publishers don't (Darksiders, Saint's Row, Metro 2033 and its sequel). I also feel bad for Relic and Volition, two extremely talented developers that could have issues if THQ folds.

Looking at their lineup, they need a few more winners and to cut some of the worse franchises they have like the Nickelodeon games and the ever-atrocious WWE Smackdown series if they want to continue to operate.

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