43 Replies. 3 pages. Viewing page 1.
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| 43. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 7, 2012, 04:25 |
Jerykk |
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I doubt Activision would buy them out. They are the most risk-averse publisher out there and are really only focused on pumping out Call of Duty sequels and licensed games.
EA is a much more likely candidate, though I think 2K might throw their hat into the ring as well. If Relic does get bought by EA, it could be interesting to see how they handle a C&C game. |
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| 42. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 18:22 |
theyarecomingforyou |
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I assume EA and Activision-Blizzard are the most likely publishers to buy them out, with Valve an outside possibility.
THQ is a disaster of a company and it would be nice to see their IP end up in the hands of a credible publisher. |
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Core i7 2600-K (4.6GHz) | 12GB DDR3 | GTX680 SLI (1215/1605) | OCZ Vertex 3 120GB SSD | Windows 8 Pro
Hazro HZ30Wie 30" | Saffire PRO 40 | Razer Mamba | Coolermaster RP1000W
SteamID: theyarecomingforyou |
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| 41. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 15:12 |
Parallax Abstraction |
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Jerykk wrote on Nov 6, 2012, 12:29:
In this case, a 47% crash is only $1.40, so it's not quite as dramatic as the percentage would suggest. Still, I'd be surprised if THQ survives into 2014.
They've also dropped to under the market cap required to continue being listed on the NASDAQ. They already did a 10:1 reverse stock split in order to maintain compliance once and they can't do it again. Unless they either sell the company or something happens to cause a rally, they'll end up facing delisting again. I really don't know how they can recover from this. They're basically now trying to shepherd their current titles to completion with what they have left on their line of credit (which is something like $60M I think) and $36M in cash. This is to finish development, market them (which usually costs at least as much as development), plus they have to figure out how to make titles for next-gen where budgets will go up even more.
Apparently WWE 13 is selling well though (and it came out too late in the quarter to reflect in these earnings) and their versions of Wheel of Fortune and Jeopardy usually do well with casuals, plus many seem to think SR3 Full Package will sell well and that's going to be a much higher margin item for them. I dunno though, I don't see how that carries them well into next year though.
This comment was edited on Nov 6, 2012, 15:22. |
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| 40. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 14:24 |
ASeven |
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| And the dreaded 50% mark has just been hit. One day, half the company's value gone. |
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| 39. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 12:44 |
ASeven |
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Jerykk wrote on Nov 6, 2012, 12:29:
In this case, a 47% crash is only $1.40, so it's not quite as dramatic as the percentage would suggest. Still, I'd be surprised if THQ survives into 2014.
Well, THQ is currently worth about $11 million, which is a third of the budget of one of their games, give or take a few.
This is bad. |
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| 38. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 12:29 |
Jerykk |
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| In this case, a 47% crash is only $1.40, so it's not quite as dramatic as the percentage would suggest. Still, I'd be surprised if THQ survives into 2014. |
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| 37. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 12:05 |
ASeven |
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| 47% crash. Good grief, investors are jumping ship and from what I'm reading and hearing, some of the higher management at THQ too. |
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| 36. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 11:45 |
nin |
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ASeven wrote on Nov 6, 2012, 11:39:
THQ stocks crashing 45% right now.
Game over, man. Game over.
Ugh...
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RollinThundr Apr 17, 2013, 12:25: Eh really tossing stuff like that in there only to get your panties all bunched up. If you really want to call that trolling sure.
Mr. Tact Apr 17, 2013, 12:33: Pretty sure that's the definition of trolling... |
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| 35. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 11:39 |
ASeven |
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| 34. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 11:36 |
killer_roach |
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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 SaveTHQ.com 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.
Bullseye. THQ's satellite studios are likely worth much more separately than THQ as a whole is, and the debt is the reason why. A private equity buyout followed by a bankruptcy proceeding and dismantling seems the most likely course of action.
EDIT: With the stock drop today, THQ's market cap is less than the budget for most AAA games. Let THAT sink in. |
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| 33. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 11:33 |
ASeven |
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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 SaveTHQ.com 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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| 32. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 09:30 |
Wildone |
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| TIME TO LAY OFF ANOTHER SATELLITE STUDIO! LMAO LMAO |
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| 31. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 09:20 |
Parallax Abstraction |
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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 SaveTHQ.com 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. |
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| 30. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:45 |
dj LiTh |
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| Valve should buy them out for a nice healthy dose of someone elses IP |
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| 29. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:45 |
nin |
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zombiefan wrote on Nov 6, 2012, 06:32:
Coming up next, yet ANOTHER Saint's Row The Third sale!!!
Crash and burn, you motherfuckers (THQ).
I think that's out this week, actually.
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RollinThundr Apr 17, 2013, 12:25: Eh really tossing stuff like that in there only to get your panties all bunched up. If you really want to call that trolling sure.
Mr. Tact Apr 17, 2013, 12:33: Pretty sure that's the definition of trolling... |
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| 28. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:44 |
SpectralMeat |
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Prez wrote on Nov 6, 2012, 08:27:
Kajetan wrote on Nov 6, 2012, 02:33:
Yeah, but you just love that company ... they DESERVE to go under. Fast!
I can forgive a whole hell of a lot when the games they put out over the years have been as excellent as many of the ones THQ has over the years. I have more great games of theirs in my library than from any other single publisher.
Your take on the Iron Lore closure is completely different from the ones I read, so I can't place blame like you are doing for a contention I don't share. I can think of several gaming companies just off the top of my head that "deserve to go under FAST" (as you put it) a whole lot more than THQ. The only problem I had is that the creative director blamed the game's failure on piracy, when that just doesn't jive. Unlike EA, THQ has still done more good than bad overall, so yeah I still think highly of them. Difference of opinion and all that. Agreed |
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| 27. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:39 |
ASeven |
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| Apparently the CEO wants to put THQ for sale. |
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| 26. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:30 |
Verno |
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Just please don't let EA buy them  |
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Playing: Super Mario 3D Land, Tales of Graces F, Fire Emblem 3DS
Watching: Hannibal, Community, Life |
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| 25. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:27 |
Prez |
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Kajetan wrote on Nov 6, 2012, 02:33:
Prez wrote on Nov 5, 2012, 21:00:
I have always loved THQ. You love a company? A company which has ripped off a talented studio like Iron Lore and lied about the reason for their closure? A company which made a small fortune from selling Titan Quest online as a budget title, giving its former studio employees not one single dime?
Yeah, but you just love that company ... they DESERVE to go under. Fast!
I can forgive a whole hell of a lot when the games they put out over the years have been as excellent as many of the ones THQ has over the years. I have more great games of theirs in my library than from any other single publisher.
Your take on the Iron Lore closure is completely different from the ones I read, so I can't place blame like you are doing for a contention I don't share. I can think of several gaming companies just off the top of my head that "deserve to go under FAST" (as you put it) a whole lot more than THQ. The only problem I had is that the creative director blamed the game's failure on piracy, when that just doesn't jive. Unlike EA, THQ has still done more good than bad overall, so yeah I still think highly of them. Difference of opinion and all that. |
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| 24. |
Re: CoH2, Metro Last Light, and South Park Game Delayed |
Nov 6, 2012, 08:11 |
Whiskers |
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| I enjoyed Space Marine as well. I'd still like to see a Dawn of War 3, but hopefully it will be more like DoW 1 and not DoW 2 |
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43 Replies. 3 pages. Viewing page 1.
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