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Agoura Hills-based vidoegame maker THQ has filed for Chapter 11 bankruptcy, and is now seeking a buyer, according to the company Wednesday. THQ said that it has entered into an asset purchase agreement with affiliate of Clearlake Capital Group, L.P. million, subject to court approval. million, subject to court approval.
Agoura Hills-based videogame maker THQ said this morning that it has launched a new, UFC-themed Facebook game. THQ said it has tied with Zuffa, LLC to launch UFC Undisputed Fight Nation, a Facebook game based on the mixed martial arts organization the Ultimate Fighting Championship. READ MORE>>.
Agoura Hills-based videogame maker THQ is diverging from the usual, first-person-shooter and action games genre with its latest title, saying Monday that it will be publishing a new title from author Deepak Chopra. According to THQ, the new title will be published later this fall.
Agoura Hills-based videogame maker THQ , and World Wrestling Entertainment (WWE), said this morning they are in a new marketing agreement. The two companies said that WWE-branded video games developed by THQ will be integrated into events, pay-per view and television sponsorships, magazines, and other WWE properties.
Agoura Hills-based game developerTHQ has launched another video game today based on Disney/Pixar's Cars movie, Cars Race-O-Rama. THQ has the rights to develop video game titles for a number of Disney/Pixar movies. The new title retails for $39.99 on the Wii, Xbox 360, and PlayStation3, $29.99 for the PlayStation 2.
Agoura Hills-based video game maker THQ said Wednesday afternoon that it is laying off around 60 employees, as part of a reorganization of its Juice Games and Rainbow Studios development studios.
Agoura Hills-based THQ reports today that it has selected Joyent , a provider of cloud infrastructure services, to provide it with support in the social games space. THQ said that it will use Joyent to support its turn-key development and publishing for its social gaming development teams. READ MORE>>.
Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. Vigil Games and a number of other properties remain with THQ in Chapter 11.
Agoura Hills-based videogame publisher THQ said today that it has launched a new unit called THQ Partners , which it says will provide "select" developers and publishers with access to its global retail and online publishing network. THQ said that it has appointed Tim Walsh to head up the new unit. READ MORE>>.
Agoura Hills-based video game developerTHQ and television channel Syfy said Thursday they will be jointly creating new concepts and intellectual property based on THQ's video games. THQ introduced de Blob in 2008. Financial details of the effort were not disclosed.
Agoura-based THQ , the videogame maker, reported today that it has linked with publisher Random House Publishing Group , where the two will co-develop intellectual property. Random House and THQ said the two will develop a collection of games and books, as well as other media. READ MORE>>.
Agoura Hills-based THQ announced today that it is in a multi-year deal with the writer and director of Hellboy, Guillermo del Toro, to develop a new trilogy of videogames. THQ said that it is working with Volition Inc. on a new game trilogy called inSANE, where del Toro will act as external creative director. READ MORE>>.
Machinima , the Los Angeles animated videogame content developer and publisher, and Agoura Hills-based game developerTHQ said today that they have teamed on a new, downloadable shooter game called Nexuiz. Details of the link between Machinica and THQ were not disclosed. READ MORE>>.
Agoura Hills-based THQ said today that it has tied with mobile game developer ngmoco , on a new Star Wars title, Star Wars Imperial Academy. THQ said that the new title will run on iPhone and iPod touch. READ MORE>>.
Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business.
Agoura Hills-based THQ , the developer of videogames, has cut 30 of its staff, due to poor performance of its uDraw tablet for the Wii, Xbox 360, and PS3. The cuts were due to "weaker than expected" sales of the gaming accessory. READ MORE>>.
Agoura Hills-based THQ said today that its newest gaming title, Homefront, has hit retail stores. after an imagined invasion by North Korea--was developed by Kaos Studios, and runs on Xbox 360, Playstation 3, and Windows PCs. The war game--set in the U.S.
Turmoil over at Agoura Hills-based videogame developerTHQ apparently isn't stopping the company from inking new deals. THQ said Friday that it has linked in a strategic agreement with Innovative Leisure , a new digital development studio. Runner, Steel Talons). READ MORE>>.
Agoura Hills-baed THQ has inked a number of new licensing deals with Dreamworks Animation SKG , the firms announced this morning. THQ said it will develop interactive games based on the titles on Xbox Live Arcade, PlayStation, Nintendo Wii, and wireless devices. Financial details of the license deal were not disclosed.
Agoura Hills-based THQ announced Thursday afternoon that it has opened up a new studio in Montreal, Quebec, which it says will employ over 400 new people.
Agoura Hills-based THQ announced the next installment of its WWE focused videogames, WWE '13 this morning, saying that it plans to release the latest WWE title on October 30th. The game, currently under development, will run on Xbox 360, PlayStation 3, and the Nintendo Wii. Deal terms between WWE and THQ were not announced.
Agoura Hills-based THQ , the videogame maker, said late Tuesday that it is chopping two studios and a team, as part of a "strategic realignment" of its operations.
Agoura Hills-based game developerTHQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.
Agoura Hills-based videogames firm THQ said this morning that it has linked with gaming developer Crytek , to develop its next title in its Homefront franchise. Financial details of the arrangement were not disclosed, however, THQ said it expects the new title to be released in its fiscal 2014, on console and PC platforms.
Agoura Hills-based THQ and El Segundo-based toy maker Mattel said this morning that the two are in a new, multi-year alliance focused on developing and publishing video games based on Mattel's toys. The two said they are already in development on "multiple games", with the first titles to appear in the next holiday season.
Agoura Hills-based videogame developerTHQ said Wednesday that it is exiting the kids' games business, and will instead focus on its "core" video game franchises. THQ did not say how the move will affect its employment. THQ did not say how the move will affect its employment. READ MORE>>.
Agoura Hills-based videogame publisher THQ said Thursday that it has signed Turtle Rock Studios , a game development studio, for an upcoming, un-named title. Turtle Rock Studios develops the multiplayer game Left 4 Dead and Counter-Strike: Condition Zero. Financial details of the deal were not disclosed.
Agoura-based videogame developerTHQ has sold off its value PC software arm, ValueSoft , to Westminster, California-based Cosmi , the firms said this morning. THQ said the sale will allow the company to focus on its core video game portfolio. Financial terms of the sale were not disclosed.
Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. THQ said the cuts would save the firm approximately $160M annually between general and administrative costs and product development. READ MORE>>.
Calabasas-based videogame developerTHQ has reportedly cut 170 of its employees, according to reports Wednesday. According to reports on gaming sites, the cuts are expected to be announced along with THQ's earnings tomorrow. The report of the cuts apparently came via gaming insider Kevin Dent.
Agoura Hills-based THQ said Monday afternoon that it is in a "major" leadership restructuring, and has set Jason Rubin as President of the firm. Ribin is the co-founder of game developer Naughty Dog, and co-created that firm's popular Crash Bandicoot and Jak and Daxter titles.
Agoura Hills-based game developerTHQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.
Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.
Battered videogame developerTHQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market.
Agoura Hills-based THQ , a developer and publisher of interactive entertainment software and video games, announced Monday that it has appointed Edward L. Kaufman as Executive Vice President, Business and Legal Affairs, and Corporate SEcreatry. He has also served at Hanna-Barbera and NBC.
Agoura Hills-based video game maker THQ said late Wednesday that it is cutting 250 employees, or 17% of its staff, after reporting disappointing results. THQ said it would undertake a "significant" business realignment as its looks to focus on fewer, higher quality titles. READ MORE>>
Agoura Hills-based THQ reported late Tuesday that the firm's Executive Vice President of Publishing, Scott Guthrie, has resigned. THQ is a developer of interactive games and other entertainment software. READ MORE>>.
Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.
Agoura Hills-based THQ is reporting today that the firm will create a video game based on the upcoming Disney-Pixar movie UP. THQ said that Heavy Iron is the studio which developed games based on Disney's Ratatouille and WALL-E titles. Financial details of the collaboration were not disclosed. READ MORE>>.
Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M The firm reported that it now has 1,200 people in its product development organization, after it cut 600 people during its fourth quarter. on sales of $830.0M. the firm lost on sales of $1,030.5M
Calabasas-based THQ , which develops computer game titles, is closing its San Diego, UK, and Germany offices, and has laid off 100 employees, according to an email to employees from CEO Brian Farrell. The move is part of a restructuring of the firm's THQ Wireless operations.
Calabasas-based Emergent Game Technologies , developer of the Gamebryo game engine, disclosed today that the firm has signed on THQ through a master licensing agreement. Financial impact of the win was not disclosed. in additional funding in February.
Are you a videogame developer heading out on your own? Maybe an ex-THQ employee hitting the streets? There was a time in console and PC game development when developers could enter a publishing agreement and retain the rights to the IP they created.
Los Angeles-based Gamzee , the HTML5 game development firm headed by Activision co-founder Howard Marks, has made a high profile hire, saying Monday night that it has hired on Michael Scholz as its CTO. Scholz had previously founded CasualCafe, and also served at WildTangent, SkillJam Technologies and THQ. READ MORE>>.
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