THQ Denies Sell-Off Reports

The company behind games like Saints Row and UFC Undisputed isn’t ready to step off or tap out  just yet.

It was reported over the weekend by IGDA Mobile SIG chair Kevin Dent that THQ was facing severe financial struggles and had “cancelled all of its 2014 [game lineup]” (which is set to include Warhammer 40k: Dark Millenium Online).

Dent laid out his sentiments in a series of tweets which reported the company to be returning intellectual properties to licensors and prepping itself for a sale to Asian suitors. “I’m hearing everything [in 2014 is cancelled],” he said. “They need to preserve cash.”

The tweets reverberated discussion across the Internet, but it’s apparently news to THQ. The company’s Australian PR department issued a response statement that seems to blanketly refute Dent’s assertions.

THQ sent out a press statement commenting on Dent’s claims:

THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO.

As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.

THQ Denies Sell-Off Reports

“The planned MMO” noted in the first sentence is, of course, Warhammer 40K: Dark Millenium Online. The fact that THQ hasn’t dictated its fate yet is a win for fans of the game. Then again, before last weekend, most of them likely didn’t perceive it to be in any jeopardy at all – so perhaps we’ll call it a tie. The important thing is that THQ has swiftly and directly maintained that its 2014 lineup is still intact – something they likely wouldn’t do if a sale/cancellation was pending.

We don’t wish bad business on anyone. Not ever. And certainly not in today’s economy. THQ has won our approval in the past with offerings like Saints Row 3 and WWE: Smackdown vs. Raw 2010. And with exciting games like Darksiders II, South Park, and InSane slated to released before 2014, we hope they can dig their way out of a financial rut.

Follow me on Twitter @Brian_Sipple

Source: Twitter (Kevin Dent) and VG247

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