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CoH2, Metro Last Light, and South Park Game Delayed

THQ's Fiscal 2013 Second Quarter Results are online, offering the company's latest balance sheet, and the results are not pretty, showing nearly $21 million in losses, though this not as bad as previously projected. This also reveals some game delays: "THQ announced today that South Park™: The Stick of Truth™ is now planned for launch worldwide in early fiscal 2014. South Park: The Stick of Truth had previously been slated for release on March 5, 2013. Additional changes to fiscal 2013 release dates include those for Company of Heroes® 2 and Metro: Last Light, both of which are expected to ship in March, later than initially planned." This is accompanied by quotes from company president Jason Rubin, who says the delays are part of the company's commitment to quality. There's an article with analysis of these results on Gamasutra, where they ask if this is the beginning of the end for THQ?

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33. Re: CoH2, Metro Last Light, and South Park Game Delayed Nov 6, 2012, 11:33 ASeven
Parallax Abstraction wrote on Nov 6, 2012, 09:20:
ASeven wrote on Nov 6, 2012, 08:39:
Apparently the CEO wants to put THQ for sale.

I remember hearing a while back (maybe on the Giant Bombcast) that THQ's been quietly up for sale for a long time now but no one's interested in the company (and their debt), just the IPs and maybe a couple of the studios. At the rate things are going, those parties can just wait until they're bankrupt and get them for practically nothing. Some people on the forums are also speculating that they'll get scooped up by a private equity firm which likely means the games in development will come out, they'll take most of those profits and then cut the company up and sell it off.

The conference call was very eye-opening. Not only what wasn't said (refusal to answer analyst questions) more important than what was said, he left a very strong hint that he would put THQ for sale in a more public way.

The selling to a private equity firm is also a very strong possibility indeed. Either way I fear that THQ won't last more than a year, it's in its final death gasps. The conference call yesterday was unfortunately one I heard too many times, a call of a company that is about to die and the CEO knows it. I think it will take more than a miracle to save THQ now.

BTW, THQ stocks are crashing almost 50% today. 50%. It's over.
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