What’s the difference between THQ and my love life? None, because they’re both dead. Now that the former video game publisher is bereft of life and it’s various franchises divided and scattered to the four corners of the earth, it’s time for a little hindsight. Particularly from former THQ boss Jason Rubin, who laments the fact that THQ never made a move into digital markets.
There are few game developers on the market these days that have a legacy that lasts beyond a few years. Studios come and go, and last year saw no shortage of developers being forced to close shop. One such prolific developer happens to be Atari. From it’s time as a console giant in an emerging market, to the days it was forced to look towards a new direction developing only games, Atari has been through the best and worst times that the industry could possibly throw at it. And the times they are a changin’, but not for the better, as Atari US has had to file for Chapter 11 bankruptcy.
So our earlier excitement about THQ being saved by Clearlake Capital was put on hold when two separate lawsuits were filed against the deal by creditors who claimed it was a bit of a fishy deal. It looks like they were on to something.
And so it looks like the numerous reports of THQ’s demise were spot on with THQ officially filing for Chapter 11 Bankruptcy earlier today. However, it isn’t actually all that bad in the end.
Bad news for fans of the ambitious role-playing game Kingdoms of Amalur, as it looks like developer 38 Studios is now shutting down. The company has been laying off staff since Tuesday, due to the underperforming result of its game.
Yesterday Geoff posted up quite a scary piece about how Sony was about to fire 10 000 people and had made an eye watering loss of $6.4 Billion. The thing is that while Geoff was correct in his post, he was also wrong.
Thanks to a very insightful post over at VG247 it’s easier to understand that Sony’s losses aren’t as bad as previously stated by Sony themselves.