THQ's stock drops 50%

THQ is now currently worth 10.28 million. Doesn't look like they'll be around soon.:(

Link

But Saints Row! NOOOOOOCapitan_Kid

:(

This is bad, THQ published some great games over the years. If they go under, we could lose some really promising IPs...

Hopefully the games they are working on still come out.

If they go under, we could lose some really promising IPs...

Rocker6

It's not really an if anymore, it's a when. No one will buy them with thier massive debt, and it doesn't look like they have the money to fund anything that could save them.

those first impressions of darksiders 2 really hurt them.

The sad part is that it was a really good game, even for it being console centric.

I hope they bounce back but Things don't look good.

[QUOTE="Rocker6"]

If they go under, we could lose some really promising IPs...

Thefatness16

It's not really an if anymore, it's a when. No one will buy them with thier massive debt, and it doesn't look like they have the money to fund anything that could save them.

I should probably start rethinking my never buying a $60 game policy... Seems like all but the biggest devs/publishers hurt in this economy.

okay serious discussion time. would acquiring THQ be a good move? GOOOOO!!!!!!!!

okay serious discussion time. would acquiring THQ be a good move? GOOOOO!!!!!!!!

Masterx1220

They have a debt of 100 million dollars. So no.

Best thing to do is to buy some of thier IP's once they go bankrupt.

[QUOTE="Thefatness16"]

[QUOTE="Rocker6"]

If they go under, we could lose some really promising IPs...

bobbetybob

It's not really an if anymore, it's a when. No one will buy them with thier massive debt, and it doesn't look like they have the money to fund anything that could save them.

[QUOTE="Masterx1220"]

okay serious discussion time. would acquiring THQ be a good move? GOOOOO!!!!!!!!

Thefatness16

The have a debt of 100 million dollars. So no.

Best thing to do is to buy some of thier IP's once they go bankrupt.

Honestly, $100 million is not that much, considering the stock has fallen so far that the company can practically be acquired for just the caught of debt and not much more (maybe the $11 Million stock, some investment bank fees, and other considerations I would guess $150 Million at most). It would be a relatively tiny investment for some companies. I guess the problem is nobody thinks their portfolio of IP's, even including Saints Row, are worth $100 million. Otherwise someone would make a move soon.

For reference, EA has 4.3 Billion in market cap, and $500 million in debt. But of course EA has some bigger IP's that generate more cash, and have a bigger warchest of cash on the balance sheet (whereas THQ is running out of cash). But is THQ really so bad, that their valuation should only be .25% of EA?

Seriously though, THQ can't be worse of an aquisition for EA than "Popcap games". It would be nice if somebody saved them instead of just waiting to pick up their IP's at a liquidation auction.

yep, its what happens when the ignorant douche from naughty dog gets the boot and heads for a presidential position at THQ and still talks likes he runs somethingPressXtoJump

You do realize they were already in a death spiral when he took over. When the guy came in he was already having to make moves to avoid the stock delisting (referse split), to conserve cash, reduce the games in development, etc. It appears he might have walked into a battle he couldn't win though.

[QUOTE="bobbetybob"][QUOTE="Thefatness16"]

It's not really an if anymore, it's a when. No one will buy them with thier massive debt, and it doesn't look like they have the money to fund anything that could save them.

Zensword

Thats a damn shame. I really like some of their games and Darksiders 2 was preety good this year I really enjoyed it.

I hope THQ manages to pull through this. By the looks of it though, that seems unlikely.

I really hope not, they have proven to be a great publisher compared to the likes of EA and Ubisoft

Darksiders, Dawn of War, Company of Heroes, Saints Row, Metro... so many great IP's that they have. I'd hate to see the developer teams get butchered by a less flexible publisher.

[QUOTE="Capitan_Kid"]But Saints Row! NOOOOOOSaltyMeatballs

Shut your whore mouth.

It should go to WB, that seems like a fit. Or 2K, I guess, but then Take 2 would have that plus all Rockstar's stuff. Might be awkward for them.

What really concerns me is Darksiders. II did okay, but those have got to be expensive games, and if the sales didn't at least double from the first game then a lot of publishers would lose interest.

[QUOTE="SaltyMeatballs"][QUOTE="Capitan_Kid"]But Saints Row! NOOOOOOCherokee_Jack

Shut your whore mouth.

It should go to WB, that seems like a fit. Or 2K, I guess, but then Take 2 would have that plus all Rockstar's stuff. Might be awkward for them.

[QUOTE="Cherokee_Jack"]

[QUOTE="SaltyMeatballs"] Activision to buy Saints Row.bobbetybob

Shut your whore mouth.

It should go to WB, that seems like a fit. Or 2K, I guess, but then Take 2 would have that plus all Rockstar's stuff. Might be awkward for them.

That's a good point, they could do something with it.

Maybe WB will take a gamble on Darksiders. They might be looking for another big non-licensed franchise.

Still waiting for Dawn of War 3. IAmNot_fun

I should probably start rethinking my never buying a $60 game policy... Seems like all but the biggest devs/publishers hurt in this economy.

whiskeystrike

i seriously blame hd gaming for this

That's what happens to your stock when you delay several anticipated games to the next fiscal year all at once. However, stock price literally means nothing in the short term. They're securing funding for their current projects with assistance from an investment bank, and what becomes of them will be determined by games sales, not short term stock fluctuations.

[QUOTE="whiskeystrike"]

I should probably start rethinking my never buying a $60 game policy... Seems like all but the biggest devs/publishers hurt in this economy.

savagetwinkie

A thousand times this. This is the problem with most publishers/developers nowadays. They overspend tons of money trying to be like Hollywood by making AAA games, overspend on advertising, & then that certain game has to sell a lot of copies just for them to break even off of the title. If that doesn't happen, then it's a huge loss of money for the company.

[QUOTE="savagetwinkie"][QUOTE="whiskeystrike"]

I should probably start rethinking my never buying a $60 game policy... Seems like all but the biggest devs/publishers hurt in this economy.

Shinobi120

A thousand times this. This is the problem with most publishers/developers nowadays. They overspend tons of money trying to be like Hollywood by making AAA games, overspend on advertising, & then that certain game has to sell a lot of copies just for them to break even off of the title. If that doesn't happen, then it's a huge loss of money for the company.

Or worse, you do like THQ and make a expensive clunker of a peripheral like uDraw. :lol:

THQ has had some real gems, especially in the last little while, shame really.

[QUOTE="savagetwinkie"][QUOTE="whiskeystrike"]

I should probably start rethinking my never buying a $60 game policy... Seems like all but the biggest devs/publishers hurt in this economy.

Shinobi120

A thousand times this. This is the problem with most publishers/developers nowadays. They overspend tons of money trying to be like Hollywood by making AAA games, overspend on advertising, & then that certain game has to sell a lot of copies just for them to break even off of the title. If that doesn't happen, then it's a huge loss of money for the company.

We should start a fund for System Wars to buyout THQ. At the rate they're going, we'll have enough money by next year.

I know I can pitch in a few quarters.

NOOOOOO I want my Saints Row the 4th

NOOOOOO I want my Saints Row the 4th

HaloPimp978

Games are still coming next year, which includes SR4. They aren't gonna suddenly up and plummet, taking everything with them.

That stinks, they published a bunch of great games. Company of Heroes, Titan Quest, Metro, Darksiders, and that's just off the top of my head.

Sigh....what about darksiders? Someone please pick Vigil up.

Buh buu but Darksiders :cry:

Dang. Darksiders, Saint's Row, and Red Faction (even though that was supposed to be a dead franchise after RF:A)... so many great franchises. I hop things improve for them big time.

*EDIT* And how could I forget Company of Heros... CoH2 is one of my most anticipated games of 2013. This sucks.

Metro and saints row NOOOOOOOOOOOO !!!!!!!!!!!!!!!!!!!!!!!!!!!!:cry::cry:

they better at least finish Metro: LL before they go under.:evil:

[QUOTE="IAmNot_fun"]Still waiting for Dawn of War 3. clyde46

Sigh....what about darksiders? Someone please pick Vigil up.

Wild_man_22

Vigil is working on the Warhammer 40k MMO that got turned into a single-player game.