Yesterday we reported that THQ had officially gone bankrupt and that their assets and IP had now been sold to Clearlake Capital Group. Well today John Rubin, the President of THQ, has posted an open letter regarding the deals and the bankruptcy.
Publisher and developer THQ has been in a spot of financial bother of late - largely thanks to higher-ups insisting on targeting the casual market with its failed U-Draw tablet accessory. The company’s faced stock-market delisting - and has had to offload numerous properties, including the lucrative UFC licence, which now belongs to EA. For a while, it seemed as if THQ would soon cease to be, which would be a travesty for gamers. Thankfully, it looks like things are turning around - as the company’s becoming profitable once more.
Financially troubled developer and publisher THQ has undergone “major leadership restructuring,” it said in a press release, confirming that the company’s Executive Vice President of Core Games Danny Bilson has left the firm.
He’ll be replaced by Naughty Dog co-founder Jason Rubin - who’ll now oversee THQ’s worldwide product development, marketing, and publishing.
Jason Rubin who was the co-founder of Naughty Dog but left 6 years ago to start his own development house (he must be kicking himself now), well he has been on GTâ€™s Bonus Round and has been chatting about the upcoming Project Natal.
According to Jason Project Natal is going revolutionise more than gaming and could be a key drive for Microsoft to pick up that casual market share from the Wii.