socalTECH

APRIL 23, 2013

Bankrupt videogame maker THQ said Monday afternoon that it has received $6.55M in the sale of six additional lots of its intellectual property, from three buyers. THQ has been auctioning off its entire slate of videogames, after filing for Chapter 11 bankruptcy. THQ was based in Agoura Hills. The firm said it received $4.9M

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socalTECH

JUNE 5, 2012

Agoura Hills-based THQ said late Monday that it has sold off its rights to produce titles for the Ultimate Fighting Championship (UFC) brand, to Electronic Arts. Financial details of the sale were not disclosed. THQ said the sale is part of a "more focused strategy" for the company, whic has been struggling in the last year.

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socalTECH

DECEMBER 12, 2011

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>>.

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THQ Agoura Hills Agoura Sales 140

socalTECH

JUNE 20, 2012

Agoura Hills-based videogame maker THQ is shifting its plans today to release an expansion for Saints Row: The Third. THQ said the move came due to a desire to "expand the fiction of the franchise." THQ said the move came due to a desire to "expand the fiction of the franchise."

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THQ Agoura Hills Agoura .Net 133

socalTECH

NOVEMBER 20, 2012

Troubled videogame maker THQ said late Tuesday that its CFO, Paul J. THQ said that the financing may result in "significant and material" dilution to shareholders of the company. THQ said that the financing may result in "significant and material" dilution to shareholders of the company. READ MORE>>.

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socalTECH

NOVEMBER 3, 2011

Agoura Hills-based videogame maker THQ said Thursday that it expects to see the "biggest quarter in company history" due to holiday sales this season, as it reported nearly doubling its net sales in the three months ended September 30th. The company said it had net sales of $146.0 million, compared with $77.1M

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THQ Agoura Hills Agoura .Net 133

socalTECH

DECEMBER 12, 2011

Machinima , the Los Angeles animated videogame content developer and publisher, and Agoura Hills-based game developer THQ 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>>.

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THQ Agoura Hills Agoura Content 145

socalTECH

APRIL 18, 2012

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.

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socalTECH

APRIL 25, 2012

Agoura-based videogame developer THQ has sold off its value PC software arm, ValueSoft , to Westminster, California-based Cosmi , the firms said this morning. Financial terms of the sale were not disclosed. THQ said the sale will allow the company to focus on its core video game portfolio.

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socalTECH

SEPTEMBER 28, 2011

Agoura Hills-based videogame maker THQ today said it has entered into a new credit facility with Wells Fargo Capital Finance, worth up to $50M for working capital, plus increases to $75M during peak sales periods. The credit facility replaces an earlier facility it had with Bank of America. READ MORE>>.

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socalTECH

MAY 26, 2009

Agoura Hills-based THQ reported late Tuesday that the firm's Executive Vice President of Publishing, Scott Guthrie, has resigned. The firm said that Guthrie--who was responsible for the firm's North American sales, distribution, and marketing--is pursuing another opportunity. READ MORE>>.

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THQ Agoura Hills Agoura Entertainment 100

socalTECH

FEBRUARY 4, 2009

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>>.

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THQ Agoura Hills Layoffs Agoura 100

socalTECH

NOVEMBER 5, 2008

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>>

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THQ Agoura Hills Agoura Sales 100

socalTECH

MAY 6, 2009

Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M on sales of $830.0M. the firm lost on sales of $1,030.5M on net sales of $170.3M, compared with a net loss of $34.5M The losses were significantly higher than the $35.3M a year ago.

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THQ Agoura Hills Report .Net 100

socalTECH

JULY 29, 2009

Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M on sales of $243.5M and sales of $137.6M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. The positive results compared with a loss of $27.2M last year for the same quarter.

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THQ Agoura Hills Agoura Layoffs 100

socalTECH

JANUARY 25, 2013

Maybe an ex-THQ employee hitting the streets? With increasing market pressure, downward sales and pervasive aversion to risk by publishers, those days are long over unless you are one of a very select group of incredibly successful independent developers. Are you a videogame developer heading out on your own?

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Develop Development THQ IP 140

Tech Zulu Event

MAY 21, 2012

Clients include Home Depot, Sony Electronics, THQ, Virgin Mobile, Levis and Fox.@severshed Rachael concentrates on digital entertainment, content distribution, financing, licensing, sale, acquisition, and development. severshed @BigFrameCo. Sarah Malkin, Maker Studios. Director of Programming for the YouTube-funded channel MomsView.

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Content Silver Lake Electronic Arts THQ 80