THQ Denying 2014 Cancellations

Posted Jan 16, 2012 at 3:51PM EST by

Listed in: News Tags: dark millennium online, digital warrington, kaos, saints row the third, THQ, udraw

Over the weekend, news broke that THQ was in dire financial straits. So dire, in fact, that the company was planning on dumping its 2014 releases and opening itself up for a bailout buyout. The story came loose as the result of tweets sent by Kevin Dent of the IGDA, who claimed some sort of insider knowledge on the subject.

mfthq2

Early this morning, however, THQ issued a strong denial, noting that there have been no changes to its 2014 lineup, and that the company is merely “strategically addressing the most attractive markets.” The company also noted that Saints Row: The Third, released late in 2011, was a smashing success that put the publisher in fifth place for 2011 sales.

Rumors have been swirling for a while now that THQ’s MMO, Dark Millennium Online, is on the auction block. THQ also denied that they were attempting to sell the game, noting that they have made no official plans regarding the title. THQ, by all means, had a rough 2011, firing the uDraw team and closing down several studios including Kaos and Digital Warrington.

We’ll just have to wait and see how the story plays out. Even if THQ has canceled its lineup and is looking for a buyout, the company certainly isn’t going to sabotage its potential value by admitting it to the press.

What do you think is going on over at THQ?

[VG247]

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