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THQ Files For Chapter 11 Bankruptcy

47 points| Impossible | 13 years ago |kotaku.com | reply

20 comments

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[+] Symmetry|13 years ago|reply
Well, this is Chapter 11, not Chapter 7. We'll probably see them continue making games, even if they're investors are wiped out and their creditors take a haircut. There might be layoffs, but if they were going to liquidate they'd be in Chapter 7.
[+] JulianWasTaken|13 years ago|reply
Looks like that Humble Bundle did wonders.

THQ decided to go for Pay (Back) What You Want.

[+] dkhenry|13 years ago|reply
I don't think Filing for Chapter 11 is something you decide to do one weekend so I wonder how much THQ knew what was going to happen in a few weeks and what they gained by putting out the Humble Bundle. Maybe it was a move to get something out of the Chapter 11 proceedings.
[+] loganfrederick|13 years ago|reply
I wrote for a videogame magazine for three years and have been a life-long gamer. This is sad news. The past five years they've mostly been known for their licensed games (WWE, Nickelodeon), but THQ is still a brand that I believe many in the videogame community still enjoy seeing, if only out of nostalgia. Their support of the Saints Row series, many other smaller studios, and even putting out some decent games by licensed products standards, means this is a loss for the gaming industry.

They may not have been managed well or been industry-leaders, but it's a tough business and I hope we will continue to see their three-letter logo on new games in the future.

[+] pcvarmint|13 years ago|reply
The world has abandoned us. We fight alone, against an insidious enemy... an enemy who would destroy the Commonwealth, who would have our nation crumble from within. But we are strong enough to fight the Red Faction. You asked for greatness. I have given it to you. You asked for victory. It is within our grasp!!! Do not ask me to surrender to our enemies. I WILL NOT!!!
[+] soapdog|13 years ago|reply
So why they did the humble bundle?!?!?!
[+] sp332|13 years ago|reply
Chapter 11 is for protection from creditors while you re-organize. They're not planning to go out of business.
[+] missing_cipher|13 years ago|reply
Homefront 2, huh?
[+] DigitalSea|13 years ago|reply
The sequel that nobody asked for. It looks likely the original game probably contributed to their current financial situation in the first place. It wasn't a bad game, but certainly no Saints Row. They should definitely get their priorities right if they want to get through this Chapter 11 bankruptcy. Focusing on Saints and CoH are probably decisions they should seriously consider.
[+] newman314|13 years ago|reply
I see a lot of hate online for Homefront but personally I like the online play quite a bit.

It's entertaining and has decent maps. It's just too bad no one plays the DLC maps.

[+] mtgx|13 years ago|reply
I'm still hoping to see those new games of theirs on Linux, if they intend to use the Unity 4 engine for them.
[+] grogenaut|13 years ago|reply
You're just throwing buzzwords together aren't you?