THQ Returns All Guillermo del Toro Game Rights to Author
Insane is canned as THQ looks to make cash
THQ is continuing the," implementation of its plans to streamline the organization and cost structure to position the company for sustained profitability" which is good. It's also canned Guillermo del Toro's INsane game.
The news was confirmed during the investor call that occurred after release of its Q1 2013 financials.
"Together, we are focused on where we can win in console games and emerging markets and platforms and where the risk reward is favorable for a company of our size. We've also stopped development in certain areas that are not productive for our new strategy.
"Consistent with this vision, THQ has made a few changes to previously announced projects. First, we made the determination not to pursue any future casual Facebook games.
"Second, we will not be publishing casual mobile games, including those with innovative leisure. And third, we have decided not to pursue further preproduction on inSANE and have returned all of our IP rights to Guillermo del Toro. By canceling these explorations outside of our core business, we feel we can improve focus on our core game portfolio, which remains unchanged."
The company did confirm the following releases though:
Darksiders II - Console, PC - August 2012
WWE’13 - Console - October 2012
Company of Heroes 2 - PC - Q4 FY13
Metro: Last Light - Console, PC - Q4 FY13
South Park: The Stick of Truth - Console, PC March - 2013
The news was confirmed during the investor call that occurred after release of its Q1 2013 financials.
"Together, we are focused on where we can win in console games and emerging markets and platforms and where the risk reward is favorable for a company of our size. We've also stopped development in certain areas that are not productive for our new strategy.
"Consistent with this vision, THQ has made a few changes to previously announced projects. First, we made the determination not to pursue any future casual Facebook games.
"Second, we will not be publishing casual mobile games, including those with innovative leisure. And third, we have decided not to pursue further preproduction on inSANE and have returned all of our IP rights to Guillermo del Toro. By canceling these explorations outside of our core business, we feel we can improve focus on our core game portfolio, which remains unchanged."
The company did confirm the following releases though:
Darksiders II - Console, PC - August 2012
WWE’13 - Console - October 2012
Company of Heroes 2 - PC - Q4 FY13
Metro: Last Light - Console, PC - Q4 FY13
South Park: The Stick of Truth - Console, PC March - 2013
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