Kotaku reports THQ may be in the process of shutting down four or five of
its development studios, saying Paradigm Entertainment and Juice Games are two
of the potential victims of these cuts, referring to their sources for this
rumor as simply "sources." The veracity of this report is bolstered by the
THQ Studio System Webpage, which now
lists 11 studios, while
THQ's
Wikipedia entry lists 16 studios. The missing entries are Helixe,
Locomotive, Mass Media, Paradigm, and Sandblast Games. And although Juice Games
is mentioned in the rumor, but is still listed on the THQ website, the
Juice Games Wikipedia entry
says: "Juice Games is currently based in one office in Warrington, UK, and
employs over 40 staff. Over 30 staff were laid off as part of THQ's
reorganisational operations on the 3rd November 2008."
Edge Online has a story about Wedbush Morgan analyst Michael Pachter's new
guidance for Activision and THQ, citing "poor execution for the last 18 months"
as a reason for slashing expectations for THQ in addition to "recent market
contraction."