THQ Files For Bankruptcy, But The News Ain’t All Bad

I’m not gonna try to tell you that THQ isn’t in trouble, but in announcing that they’re filing for bankruptcy, the publisher is promising to keep development going at their various studios and that’s a good thing for those individual teams. According to a piece on USA Today, they’re selling four studios and all of those studios’ games and assets as THQ attempts to keep afloat.

With the bankruptcy, THQ’s been de-listed from NASDAQ, but THQ CEO Brian Ferrell promises it’s all part of the plan: “The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent.”

This follows the less-than-impressive performance of “Darksiders II” (hey you guys, but “Darksiders II”–it’s pretty good), and THQ’s efforts to shuffle around some of their 2013 releases to spread the wealth throughout next year. The publisher also took at stab at the tablet game with the uDraw peripheral, whose failure saw THQ dumping large numbers of employees, costing the company something like $100 million back in 2011.

[Source: USA Today]

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